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Comment for Proposed Rule 76 FR 4752

  • From: Lloyd Wolfe
    Organization(s):

    Comment No: 30689
    Date: 2/28/2011

    Comment Text:

    Dear Chairman Gensler and other fellow commissioners
    I understand you are taking public commits on the size of the limits of Silver contracts on the Comex. I feel that similar to what Ted Butler has commented on that it should be limited to 1500 contracts which would be 7.5 Million oz. This would limit the chances of manipulation of the contracts. If you notice on the last few days of the March contracts they where trading over twice the total number of contracts each day with the total number outstanding only lowering a much smaller percentage. limiting the number of contracts would eliminate the manipulation and go back into a free market.

    Thank you for your consideration

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