Comment Text:
10-005
COMMENT
CL-02755
David Stawick, Secretary
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21
St
Street NW
Washington, DC 20581
Dear Sir
I am taking this opportunity to comment on the issue of position limits for precious
metals. It should be mandatory that the CFTC establish a speculative position limit
in COMEX silver of 1500 contracts or less. To avoid regulatory scrutiny of the
market forces the CFTC should restrict any hedging exemptions from those limits as
well to legitimate hedgers. If the CFTC does not 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 the Federal Government should initiate proceeding against
the likes of JP Morgan.
We can all appreciate your efforts to improve the integrity of this neglected
oversight.
Very truly yours
Dr. Richard Anderson
6527 Giant Oak
North Las Vegas, NV 89084
