Comment Text:
10-005
COMMENT
CL-02888
1847 BARBER STREET
SEBASTIAN, FLORIDA
32958
772 589 3248
Email: ms777~comcast,net
April 7, 2010
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21
st
Street NW
Washington, DC 20581
Attn:
Secretary
of the Commission
Dear Sir;
The opportunity to comment on the issue of position limits for precious metals is
deeply appreciated. My aspiration is that the CFTC establish speculative position
limits in COMEX silver of no more than 1500 contracts. Restrict any hedging
exemptions from those limits to legitimate hedgers. Discontinue 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,
Mortimer L. Smedley
Email- [email protected].,..g.o...v..