Comment Text:
10-005
COMMENT
CL-00413
From:
Sent:
To:
Subject:
Gregory Crook
Tuesday, April 20, 2010 11:29 PM
Metals Hearing
Proposed Federal Speculative Position
David Stawick, Secretary, Commodity Futures Trading Commission,
Three Lafayette Centre, 1155 21
st
Street, NW,
Washington, DC 20581
Dear Sir:
Thank for the opportunity to comment on the issue of position limits for precious metals.
It is evident that the time has come to establish a speculative position limit in COMEX silver of no more
than 1500 contracts; in addition, restrictions must be placed on any hedging exemptions from those
limits as well to legitimate hedgers. It is high time to 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.
The integrity of our markets is at stake and we are trusting you to act accordingly.
Yours truly,
Gregory Crook
