Comment for Proposed Rule 76 FR 4752
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From:
Bruce Krotke
Organization(s):
Private Investor
Comment No:
29488
Date:
2/25/2011
Comment Text:
Dear Chairman Gensler and Commissioners:
It has come to my attention that proposed limit in silver contracts is to be 5,000 contracts or 25,000 oz silver. Options expiry, as you hopefully know, brings heavy handed manipulation to the market. For this reason, the position limit should be of a size to allow for a free market. My opinion is that a more effective position limit would be 1,500 contracts, still 7 1/2 million oz. of silver.
Respectfully Yours,
Bruce Krotke
