Comment Text:
10-005
COMMENT
CL-02706
4056 Hickory Ave.
Baltimore, MD-212tl
April 10, 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 particular silver contracts.
I am asking you to 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.
Furthermore, please take action to 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. Only a few major companiesltraders have participated in the vast majority of all
short trades. This is not fair and is anti-competitive to free market functioning.
Sincerely yours;
Ronald E. Baker
Email - fe~isobake
