Comment Text:
10-005
COMMENT
CL-01532
From:
Sent:
To:
Subject:
Michael Kizer
Friday, April 9, 2010 1:26 PM
Metals Hearing
position limits
Dear Sir,
I want to thank the Commission for enabling we small investors to view online your recent hearing on
precious metals trading regulation, and for the opportunity to comment on the issues. As an investor in
precious metals and a former producer of Gold, I have believed for a long time that concealed price
manipulation has been taking place. The Hunt brothers only showed us one way in which manipulation
could be achieved. Because Silver is as much an industrial metal as it is an investment vehicle, I think
that manipulation of that price is actually detrimental to national security. 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.
Sincerely,
Michael T. Kizer
3415 Admiral Drive
Stockton, CA 95209
