Comment Text:
10-005
COMMENT
CL-01673
From:
Sent:
To:
Subject:
Randall Reinwasser
Friday, April 9, 2010 10:52 AM
Metals Hearing
Precious Metal Position Limits
Dear Sir or Madam, Upon listening to the comments made during the CFTC's recent precious metals
hearing, I'm convinced that the limit on silver and gold speculative positions needs to be dramatically
reduced and enforced. By reducing the speculative position limit on the COMEX silver and gold
market, there will be no opportunity for short-side speculators to manipulate the market. As I
understand it, one of the primary purposes of the CFTC is to ensure that no manipulation exists in the
futures market. By enforcing a limit similar to other markets, you can ensure all silver and gold
investors that the market is in no way rigged or manipulated. Isn't that a reasonable expectation for the
CFTC?
Thank you,
Randall Reinwasser
