Comment Text:
10-005
COMMENT
CL-01611
From:
Sent:
To:
Subject:
Eric McGinley/PTP
Friday, April 9, 2010 11:57 AM
Metals Hearing
Silver Limits
Dear Sir;
Thank for the opportunity to comment on the issue of position limits for precious metals.
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.
Please ensure that the levels of concentration in silver futures that have been experienced over the past years
can not happen in the future, on either the short or the long side of the market.
Sincerely,
Eric McGinley
PtP Solutions
1314 Elsinore Avenue
McLean, VA 22102
