Comment for Proposed Rule 76 FR 4752
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From:
Robert Hren
Organization(s):
None
Comment No:
28685
Date:
2/24/2011
Comment Text:
The proposed position limits for silver are woefully inadequate to correct the massive market manipulation that continues by a few large players. Fair and appropriate position limits in silver should be NO MORE than 1,200 contracts or 7.5M ounces. The current proposed limit of over 5,000 contracts WILL NOT SOLVE THE PROBLEM OF MANIPULATION IN SILVER! The 1,200 contract limit is the minimum effective amount and is STILL greater than any other current concentration in physical commodities traded on the COMEX.
