Comment Text:
10-005
COMMENT
CL-01529
From:
Sent:
To:
Subject:
Jim Rodgers
Friday, April 9, 2010 1:32 PM
Metals Hearing
Limit speculative positions on gold, silver
Sir:
As investors, we believe limits on the number of speculative positions
on COMEX gold and silver are needed. For silver, less than 1,500
contracts.
As well, we believe in restricting hedging exemptions (if any) from
those limits to LEGITIMATE hedgers.
For years, we have noticed the high concentrations in COMEX silver
futures bought short. We have long believed that this has been done to
suppress the prices of Au and Ag.
James Rodgers and Marianne Rodgers, Houston
