Comment Text:
10-005
COMMENT
CL-02657
Working with pride in the ventilation industry since 1980
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21
st
Street NW
Washington, DC 20581
Ernail -
[email protected]
Apr. 13,'10
Deal" Sir;
Thank for the opportunity to comment on the issue of position limits for precious
metals. Please establish a speculative position limit in COMEX silver of no more than
1500 contracts. Please restrict any hedging exemptions from those limits to legitimate
hedgers. Please stop the levels of concentration in COMEX silver futures that have been
experienced over the past few years on the short side of the market.
As a business owner for 31 years and a regular observer of Kitco and Kitcosilver
for 3 years, the spot price of silver certainly does not seem to respond to normal market
forces. All to often its price moved in sync with that of gold with the price of both
remarkably responsive to clock timing.. For years, we have suspected market
manipulation; we whole heartedly commend your opening an investigation into the
regulation of buying/selling practices of this commodity.
0
o"
)~..Hill
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