Comment for Proposed Rule 76 FR 4752
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From:
David G. Gray
Organization(s):
-none-
Comment No:
29063
Date:
2/25/2011
Comment Text:
Please institute a maximum 1500 contract (7.5 million ounce) position limit for silver.
Irrefutable evidence has been presented to the CFTC regarding the manipulation of the silver market, and for the CFTC to allow the current proposed "limit" of 5,000 contracts to stand in unconscionable.
For the CFTC *not* to institute a real limit of 1500 contracts would allow the high concentration of contracts by the two major speculators to continue, giving them continued extreme pricing power that is completely unwarranted.
Yours truly,
-David G. Gray
