Comment Text:
10-005
COMMENT
CL-02804
17 DEERFIELD TERRACE
MAHWAH, NEW JERSEY
07430-2820
April 9, 2010
Secretary of the Commission
''
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street NW
Washington, DC 20581
Dear Sir,
I was encouraged by the recent statement of Commissioner Bart Chilton wherein he
includes the following' comment
"Finally, the proposal seeks comment from the public on the question of
expanding position limits to the metals complex and to soft agricultural
commodities."
(found within this reference:
¯ , ~,
http://www.cftc.gov/LawRegulation/FederalRegister/2010-1209.html )
Accordingly, I thank the Commission for the opportunity to comment specifically on the
issue of position limits for precious metals.
I respectfully ask that the Commission establishes a speculative position limit in
COMEX silver of, say, no more than 1500 to 2000 contracts.
Further, please restrict any hedging exemptions from those limits to legitimate
hedgers.
Such actions would stop any levels of concentration in COMEX silver futures that might
have been experienced over the past few years especially on the short side of the market.
Yours truly,
Brian G. Clark
