Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 76 FR 4752

  • From: Dave Paulson
    Organization(s):
    Individual Silver investor since 1970

    Comment No: 30688
    Date: 2/28/2011

    Comment Text:

    No more than 1,500 contracts is the appropriate concentration limit for the COMEX Silver market. 1,000 would be better.

    Also, due to the derivatives market, an investigation should be launched into how much (physical) silver is actually available (above ground and fabricated). I have seen as high of leveraging as 100 to 1 of the amount of paper Silver versus physical Silver mentioned. A huge loss (Silver to the upside for physical) WILL occur to the sheeple that have paper Silver!

    Do the right thing and listen to the comments from WE THE PEOPLE!

Edit
No records to display.