Comment Text:
Dear CFTC Commissioners,
The short squeeze in silver is on and the manipulators are being overrun. When, not if, the futures market fails due to the inability or unwillingness of the manipulators to honor their untenable obligations the whole shebang is going to blow up. The fault will lie squarely with YOU and the COMEX for allowing such preposterous manipulation to continue for such a long time. You did not regulate and you simply did not do your job. You will have to contend with the culpability that you were in a position to stop it many times before and did nothing.
I am afraid that it may already be too late to establish position limits, but better late than sorry. The longer you wait to enact logical position limits, the worse it is going to get. Take your pick 1500 contracts or 5000 contracts; anything is better than what is going on now.
Manfred Kruger
[email protected]
