Comment Text:
@4/13/281@
14:36
193743917@i
UPS STORE
10-005
COMMENT
CL-02794
PAGE
April 12, 2010
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Center
1155
21
sT
Street NW
Washington, DC
20581
Dear Secretary,
I watched
the
CFTC hearings on position limits and spent quite some time
trying to understand the issues under consideration. I appreciate this opportunity
to comment on the COMEX trading of silver and gold.
[t is apparent to me that the large short positions in gold and silver are indeed
manipulative, and must be adjusted down significantly, Any comparable positions
of this magnitude in other markets such as the oil market or bond market would be
considered outrageous and unacceptable.
The silver market in particular requires position limits, and 1 would suggest you
establish a speculatt~ze position limit in COMEX silver of no more than 1500
contracts.
Thank you again for your consideration. I look forward with great anticipation
to your response.
Sincerely,
Curtis L. Caugh~y
361 Rue Marseille
l(ettering, Ohio
45429
[email protected]
