Comment Text:
10-005
COMMENT
CL-01408
From:
Sent:
To:
Subject:
[email protected] on behalf of
James McDonald
Friday, April 9, 2010 7:06 PM
Metals Heating
Position Limits for Precious Metals
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21
St
Street NW
Washington, DC 20581
Dear Sir;
This email is in response to your recent request for comment on the issue of position
limits for precious metals, I have three requests:
1. Please establish speculative position limits in COMEX silver of no more than 1500 contracts
and set more appropriate limits for Gold.
2. Restrict any hedging exemptions from those limits to legitimate hedgers.
3. Stop the extreme concentration in COMEX silver futures that have been experienced over
the past few years on the short side of the market.
Sincerely,
James McDonald
5286 Veronica St.
Los Angeles, CA 90008
