Comment for Proposed Rule 76 FR 4752
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From:
George Matthews
Organization(s):
Trader
Comment No:
29451
Date:
2/25/2011
Comment Text:
Commodities Futures Trading Commission
3 Lafayette Center
1155 21st St. NW Washington, DC 50581
Re: Final Position Limits Letter
Dear Commissioners:
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."
Respectfully,
George Matthews
