Comment Text:
10-005
COMMENT
CL-02713
Dear Persons,
O.F.T.O.
OFFIOE Ot= TI~tE 8EORETARIAT
Friday, April
9
th,
2010
As a US citizen concerned about procedures and regulations which
allow free markets to function smoothly, efficiently and above all fairly
for all participants please establish a speculative position limit in silver
trading on COMEX of no more than 1000-1200 contracts. Hedging
exemptions for large producers may make sense. Hedging exemptions
for large trading entities such as banks including international financial
corporations allow market manipulation and there is abundant evidence of
this occurring in the silver market.
The 5 members of the CFTC have the responsibility to make a change here
which will keep the US markets functioning freely and transparently. The
world will gain or lose respect for the US system depending upon your
effective action (or lack of effective action).
I am deeply appreciative that the CFTC is addressing this issue.
Yours sincerely,
Bruce Greenfield Baxter, Minnesota, USA
