Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 76 FR 4752

  • From: Douglas Chuhran
    Organization(s):

    Comment No: 29472
    Date: 2/25/2011

    Comment Text:

    To whom it may concern,

    Position limits for silver: if not, why? The manipulation of the "paper" silver market has gone on long enough by the bullion banks, namely JPM/Chase and Scotia Mocatta, and others on behalf of countries, namely China, who hold short positions well beyond any useful purpose other than manipulation. They make illegal profits at my, and millions of other investors and traders, expense.

    If not now, when? This dreadful manipulation that has cost me plenty as I've had to sell my silver mining stocks at a loss from time to time just to get by in this economy. A market for silver free of this manipulation would have allowed my investments to appreciate to their own levels certainly higher than what I paid for them YEARS ago. You see, I'm not a trader but an investor hurt by this ongoing crime.

    Please stop this ongoing crime...NOW! It is your responsibility. Continuing to avoid this responsibility, to stop this crime, is negligent if not criminal. Stop them both, now, please.

    Please institute a 1500 contract position limit for silver ASAP!

    With all due respect,

    Douglas Chuhran

Edit
No records to display.