Comment Text:
10-005
COMMENT
CL-00486
From:
Sent:
To:
Subject:
[email protected]
Sunday, April 18, 2010 7:01 PM
Metals Hearing
Manipulation of market by two Large commercials
This letter is in regard to the manipulation of the Silver Market by
two large commercials who have held almost 99% of the short contracts
at a time. Their aim to take profits at their demand. It can be
correlated with that of a player in a Poker game who has unlimited
money and can continue to raise the pot until those with less drop out.
Position limits need to be set on the short contract size of no more
then 1500. Both for these large banks who have used tax payer money in
the past to gamble and profit must be fined and responsible parties
incarcerated. These limits need to also pertain to Hedge funds.
The alternative will be devastation to the Comex and precious metals
commodity market. Thank you for all your efforts.
Sincerely
Fred
