Comment for Proposed Rule 76 FR 4752
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From:
Mike Marroquin
Organization(s):
Comment No:
29475
Date:
2/25/2011
Comment Text:
Large corporations have been allowed to manipulate the market making the private investor or public sector unable to compete. 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.
