Comment Text:
10-005
COMMENT
CL-02759
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21
st
Street NW
Washington, DC 20581
O. F.T.O.
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 of 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 several years on the short side of the
market. I look forward to a silver market that is no longer controlled solely by a few
large banks who can manipulate the market whenever they desire to do so. Thanks
again for allowing the general public to comment and for doing your job as
regulators of the markets.
Sincerely,
Brad G, Farber
PO Box 286
701 Railway St.
Bruce, SD 57220
605-690-5245
April 7, 2010
