Comment Text:
10-005
COMMENT
CL-01577
From:
Sent:
To:
Subject:
Steve Colton
Friday, April 9, 2010 12:34 PM
Metals Hearing
Precious Metals Position Limits
Dear Sir;
Thank for the opportunity to comment on the issue of position limits for precious metals. I would
encourage the CFTC to take the following outcomes:
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.
I believe these extreme position allowances enable the market to be manipulated, cause misallocation of
resources, and represent a danger to the ultimate stability of the commodities markets.
Sincerely,
Steve Colton
3310 Warburton Ave
Santa Clara, CA 95051
(408)260-117
