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Comment for Proposed Rule 76 FR 4752

  • From: Kenneth L Rider
    Organization(s):

    Comment No: 29975
    Date: 2/25/2011

    Comment Text:

    Since every other commodity has a maximum investment limit of 1% or less ( i.e. gold, oil, cotton), silver is for times that. 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.

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