Comment Text:
10-005
COMMENT
CL-02836
4807 Newcom Avenue ~ P,O. Box 11665 ~ Knoxville, Tennessee 37939-1665 ~ 865-588-2448 ~ Fax 865-588-1319
April 8, 2010
Secretary of Futures Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21 st Street NW
Washington, DC 20581
Gentlemen:
Under the new CFTC Director, I have been pleased to observe the interest in possible
manipulation in silver and gold prices, especially silver, and ygur interest in speculative
position limits and significant levels of concentration.
I personally am convinced the market is and has been manipulated by a few large banks,
resulting in a suppressed market, which hurts the mining companies and the public as
well.
Please establish a speculative position limit in COMEX silver of 1500 contracts or less.
And please curtail the levels of concentratidn in COMEX silver futures on the short side.
~.S.incerely,, ~ ..........
David R. Cox
DRC:ba
