Comment Text:
10-005
COMMENT
CL-02723
JOSEPH M. MONA, J.D., C.RA.
ATTORNEY AT LAW
CERTIFIED SPECIALIST
ESTATE PLANNING,TRusT & PROBATE LAW
STATE BAR OF CALIFORNIA
Bo~'m OF LEGAL SPECIALIZATION
8001 I~tWNE CENTER Dmv~
SUITE 955
IRWNE, C~,LIFORNIA 92618-2936
(949) 453-8200 TELEPHONE
(949) 453-8254 FACSIMILE
April 12, 2010
PERSONAL & CONFIDENTIAL
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. Please establish a speculative position limit in COMEX silver o,f 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 market.
Sincerely,
