Comment Text:
10-005
COMMENT
CL-01489
From:
Sent:
To:
Subject:
PAUL MORNEEAULT
Friday, April 9, 2010 2:23 PM
Metals Hearing
Please correct the situation taking place on the comex.
Dear Sir:
Please correct the situation taking place on the Comex regarding precious metals short
positions. This situation resulted in my personal loss of over $22,000.00 during the fall of
2008.
Beyond this, the present situation continues to threatens and undermine confidence in the
markets. Now is the time to do what is right for the citizens of this county.
Please establish a speculative position limit in COMEX silver of no more than 1500
contracts. Please restrict any hedging exemptions from those limits 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.
Thank you.
Sincerely,
Paul Morneault
paulemorneault@ahoo, com
