Comment Text:
There cannot be any possible reason that serves the public interest for the CFTC to allow such disproportionate and manipulate short positions in Silver derivatives. If the futures market is to serve the purpose of price discovery by matching end-user demand to producer's output then the position limit in any commodity should not exceed the annual production or consumption of say the average of the top 10% of single global producers or consumers of that commodity.
This means that the position limit for silver should be 1500 contracts or 7.5 million ounces.
If on the other hand position limits are to be designed to give dominant market-rigging power to the most powerful banks that lobby/pay-off government officals then you should leave things as they are - limits for everyone but unjustified exceptions for the powerful bankers and take no action when you have clear evidence of illegal market rigging going on right now.
You only have 2 choices here - do the right thing or continue the existing corrupt practices. A great many people around the world are watching and it is clear to us all that so far you have chosen the second option, to the great dismay of the optimists among us.
