Comment for Proposed Rule 76 FR 4752
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From:
Jim Farrell
Organization(s):
Comment No:
29437
Date:
2/25/2011
Comment Text:
Chairman Gensler :
Request that you reconsider the proposed position limits on silver. 5000 contract limit is too large by any measure. 1,500 is much more appropriate.
The control over the silver market by a few bullion banks is more than readily apparent, its blatantly obvious. The lack of action by the CFTC can only be interpreted as your office protecting the 'right' of certain banks to manipulate the silver market. All persons with an interest in silver are wondering how much longer can this obvious subversion and criminal activity be condoned and supported by your office.
I respectfully request that in regards to the silver market, you do the right thing and perform those duties that you have been charged with and compensated for by taxpayer dollars.
Sincerely,
Jim Farrell
Honolulu, Hawaii
