Comment for Proposed Rule 76 FR 4752
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From:
Robert Colescott
Organization(s):
Comment No:
29441
Date:
2/25/2011
Comment Text:
To Whom It May Concern,
I am copying and posting what I believe is a fair policy request:
"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."
I do not believe manipulation of prices in any market should be legal. I also believe such behavior, if illegal, should not be condoned. Markets exists for all participants, not just the few who are able to use their power, influence, and capital to their own advantage.
If manipulation of the silver price is crucial to the USD or the national security of the United States, there have been many irresponsible people in control of our economy ovder the last 80 years indeed.
