Comment Text:
10-005
COMMENT
CL-01619
From:
Sent:
To:
Subject:
Richard Benson
Friday, April 9, 2010 11:51 AM
Metals Hearing
position size limits regulation
Dear Sir;
Please allow me to comment on the issue of position limits for precious metals. There must be a
speculative position limit in COMEX silver consistent with your regulation of other futures contracts
(i.e. for silver that would be in the range of 1000-2000 per account. Please restrict any hedging
exemptions from those limits for non-instirutional silver processors/ manufacturerers, that is
disallow speculation by large funds/speculators in the position for pure speculative financial
intention. I speak to the massive short position in Silver which is beyond logical or constructive
hedging ....... we are being manipulated by a very un-natural, concentrated and non-free market
group. It is up to you to control this as your perception by investors as a Regulator in commodities
need not be added to the list of other regulators (FINANCIAL) that have not protected the
taxpayers.
Sincerely,
Richard Benson
