Comment Text:
10-005
COMMENT
CL-02686
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21
st
Street NW
Washington, DC 20581
O.F,T,O.
OFFIOE OF T~IE SEORETARIAT
Fax - 202-418-5521
Dear Sir;
I would like to comment on the issue of position limits for precious
metals.
*Please establish a speculative position limit in COMEX silver of no more
than 1400 contracts.
*Please restrict any hedging exemptions from those limits to legitimate
hedgers.
*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.
Sincerely,
Steven Greve
