Comment for Proposed Rule 76 FR 4752
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From:
Tyrone J Stansbeary
Organization(s):
none
Comment No:
28247
Date:
2/23/2011
Comment Text:
I have been an investor for many years as my father before me. We both cannot describe the endless mess the COMEX is, and has become. It is shameful.
Fair and appropriate position limits in silver should be NO MORE than 1,500 contracts or 7.5M ounces! The current proposed limit of over 5,000 contracts WILL NOT SOLVE THE PROBLEM OF MANIPULATION IN SILVER! The 1,500 contract limit is the correct amount and is STILL greater than any other current concentration in physical commodities traded on the COMEX.
Do the right thing...