Comment Text:
10-005
COMMENT
CL-02771
April 7 2010
Dear Sir;
Thank 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 few years on the short side of the market.
The playing field must be fair to all, currently it is NOT.
Sincerely,
Mark Lamb
Senior Vice President
Financial West Group
100 Spear St
San Francisco CA 94105