Comment Text:
10-005
COMMENT
CL-02678
e,. F.'T. O.
Dr. Thomas E. Mathews
Optometrist
60461 Constantine Road
Three Rivers, Michigan 49093
269-279-2841
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21 st Street NW
Washington, DC 20581
April
16
th,
2010
Dear Sir;
Thank you 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 silver market.
I believe all informed honest silver investors would agree the enactment
of the above request, by the CFoTC, would represent long overdue Comex
silver futures reforl:n. The enactment would better reflect on the intent of
Commodity Law for silver prices to be determined by the law of supply and
demand rather than alleged to being manipulated, suppressed and
controlled, in many instances, by massive concentrated short selling.
For retirement investment purposes I have been storing silver bars since
1982. My wife Sandra and I are both retired and waiting. Please enact the
above request in the near future since I am 79 years old. Thanks.
Best regards,
Thomas E. Mathews O.D.
