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Comment for Proposed Rule 76 FR 4752

  • From: Ted Kayes
    Organization(s):

    Comment No: 28079
    Date: 2/23/2011

    Comment Text:

    The proposed limit of 5,000 silver contracts is excessive.
    One the goals should be to reduce the ability of corporations to manipulate the silver markets.
    5,000 contracts represents 25,000,000 ounces of silver, more than 10% of annual US silver production.
    2,000 contracts would be far more reasonable, and actually 1,000 contracts would appear to be sufficient for most legitimate purposes.

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