Comment for Proposed Rule 76 FR 4752
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From:
Stanley Stines
Organization(s):
private investor
Comment No:
29424
Date:
2/25/2011
Comment Text:
I urge you to approve the staff’s proposal on position limits, including limiting
exemptions to bona fide hedgers. I would ask you, however, to readjust the proposed
formula in silver. The current formula would result in a position limit of over 5,000
contracts for any single speculator, on an all-months-combined basis. 5,000 contracts
is the equivalent of 25 million ounces of silver. This is too high of a threshold in
light of the realities of the world silver market.
Please institute a 1500 contract (7.5 million ounce) position limit for silver.
Respectfully submitted,
Stan
