Comment Text:
10-005
COIMMENT
CL-02766
2010 15 P['I 2 18
Richard D. Hoyt
221 Killingworth Tpke.
Clinton, CT 06413-1125
Ph. & Fax: 860-664-9407
Cell: 772-321-5081
Emaih rhoyt860@comcastonet
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Center
1155 21
st
Street NW
Washi~gton, DC 20581
RE: Position Limits on Precious Metals
April 9, 2010
Dear Sirs,
Thank for the opportunity to comment on the issue of position limits for
precious metals. Please establish a speculative position limit in COiVIEX
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 few years on the short side of the market.
Sincerely,
~ichard ~e~t
