Comment Text:
10-005
COMMENT
CL-02774
April 9, 2010
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21
st
Street NW
Washington, DC 20581
Attention:
Subject:
Secretary of the Commission
Position Limits for Precious Metals
Dear Sirs:
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 few
years on the short side of the market. Thank you for your consideration.
Sincerely,
Doug Hostetler
