Comment Text:
10-005
COMMENT
CL-01814
From:
Sent:
To:
Subject:
secretary
Friday, April 9, 2010 8:09 AM
Metals Hearing
FW: CFTC Enforcement of Position Limits in COMEX on Precious Metal
Futures Contracts
From:
James Mulkey [mailto:jmulkey@cableone.net]
Sent:
Thursday, April 08, 2010 7:04 PM
To:
secretary
Subject:
CFTC Enforcement of Position Limits in COMEX on Precious Metal Futures Contracts
Commodity Futures Trading Commission
A-I-I-N: Commission Secretary
Three Lafayette Centre
1155 21
st
Street NW
Washington, DC 20581
Dear Sir,
As a concerned citizen and investors, I watched with interest the CFTC Hearing concerning position
limits in the precious metals market. It is important to end the practice of price suppression of
silver and gold by a few large players through their purchase of large short positions. 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,
James P. Mulkey
Roswell, NM
