Comment for Proposed Rule 76 FR 4752
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From:
Craig R Barrett
Organization(s):
None
Comment No:
29278
Date:
2/25/2011
Comment Text:
2/25/11
Dear CTFC,
I am sure you understand over the past years silver prices have been manipulated, as confirmed by your own Bart Chilton. Yesterday's trading around 4:00 pm EST trading in the silver market was manipulation, selling of paper silver short, driving down the price in minutes. Even my novice experience trading silver manipulation is clear and on going.
The CFTC needs to protect individual investors and free markets by instituting position limits that minimize manipulation mandated under Frank/Dodd. Many suggest a limit of 1500 contracts or less. The current rules are not working as shown in the manipulation of the silver market yesterday.
Please protect investors and free markets.
Sincerely,
Craig Barrett
Individual investor
