Comment Text:
10-005
COMMENT
CL-02691
Dominik Reinmund
1628 Canterfield Pkwy W
West Dundee, IL 60118
04/12/2010
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21 st Street NW
Washington, DC 20581
Dear Sir;
Thank you for the opportunity to comment on the issue of position limits for precious
metals. In light of the ongoing investigation, I would like to express my concern about the
silver futures traded on the COMEX.
In order to fully restore the confidence of investors and the general public, that the
COMEX silver futures trading is conducted in an orderly manner, I would like to ask you
to consider the following:
a) Please establish a speculative position limit in COMEX silver of no more than 1500
contracts.
b) Please restrict any hedging exemptions from those limits to legitimate hedgers.
c) 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.
Thank you for your consideration.
Sincerely,
