Comment Text:
Citizens against silver and gold manipulation are united .... It is time to stop it NOW. 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!
5000 is far too high, it is not supported by any such lofty precedent in any other physical commodities markets, and it is not called for in this market. There is no justification for going over 1500 contracts, in fact there is justification for going UNDER 1500 as the limit.The 1,500 contract limit as a maximum is STILL greater than any other current concentration in physical commodities traded on the COMEX. You only get one chance at setting this up with meaning and doing it right, PLEASE DO YOUR JOB and set limits at or below 1500 contracts.
Sincerely,
James Stout
ONE, OF MANY CITIZENS AGAINST SILVER AND GOLD MANIPULATION
