Comment Text:
1) The position limit in silver should be no more than 1500 contracts to be in line with all other commodities.
2) The current proposal falls way short of stopping manipulation due to concentration.
3) The continuing chaos in the silver market is 100% due to the poor enforcement of commodity law by the CFTC.
4) The delay in the investigation in illegal trading in gold and silver and enforcement of commodity law has made investors lose all faith in the CFTC.
5) No special higher limits to contracts held should be given to banking or any financial institutions for hedging as they are not legitimate users or suppliers of the commodity of silver.
6) Anything other than strict enforcement of position limits will be nothing more than a capitulation by the CFTC to the manipulators of silver therefore will be deemed by the public as the CFTC being as criminal as the manipulators themselves.
Donald G Bixby
