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Comment for Proposed Rule 76 FR 4752

  • From: Martin Smith
    Organization(s):

    Comment No: 29353
    Date: 2/25/2011

    Comment Text:

    Dear Commissioners:

    Even the uninitiated are becoming aware of the fraud and manipulation being committed by the "too big to fails" and the complete lack of FAIR regulation by those who should be doing so.

    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! The 1,500 contract limit is the correct amount and is STILL greater than any other current concentration in physical commodities traded on the COMEX.

    Thank you for your time.

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