Comment Text:
10-005
COMMENT
CL-02826
P.I
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 215~ Street NW
Washington, DC 20581
RE: Position limits on speculative COMEX silver futures short positions
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,
Sincerely,
Glenn L. Rung
2718 Bidwell Ct
Atwater, CA 95301
(209) 358-6631
g_crung@sbcglobal,net
