Comment Text:
10-005
COMMENT
CL-00417
From:
Sent:
To:
Subject:
Ormonde Smith
Tuesday, April 20, 2010 10:06 PM
Metals Hearing
Re: Proposed Federal Speculative Position
Dear Sirs:
Thank you 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 as well 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.
Thanks for your efforts to improve the integrity of our markets.
Sincerely,
Ormonde Smith Jr.
2501 1/2 Westerland Dr. #101A
Houston, Texas 77063
