Comment Text:
Apr. i0. 2010
10-005
COMMENT
CL-02782
02:07 PM James and Elizabeth McMul 321 757 9S18
PAGE. i/ I
To: Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street NW
Washington, DC 20581
Fax- 202-418-5521
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, This is creating
disruption in the market and may ultimately lead to a major market
disorder.
Sincerely,
4276 Turtle Mound Road
Melbourne, FL 32934
Phone: (321) 757-9818
E-mail: [email protected]
