Comment Text:
Why is the CFTC ignoring the will of the people? After hundreds of complaints, the CFTC has proposed meaningless position limits. Is the CFTC protecting JP Morgan, which holds an outsized short position? This gives the impression that the CFTC is complicit in the scheme to suppress precious metal prices to benefit the USD. If so, this is a fraud against the citizens of the United States, and will no doubt end badly. Why else would an institution have amassed such a large, concentrated position in a commodity that is in declining supply?
Please end the price manipulation of silver. Implement a position limit maximum of 1,500 contracts. This should be applied to all market participants, including JP Morgan. Please restore fairness and integrity to this corrupt market.
Thank you.
