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Comment for Proposed Rule 76 FR 4752

  • From: John Phillippe
    Organization(s):
    PSD, Inc.

    Comment No: 30895
    Date: 3/2/2011

    Comment Text:

    In order to have free trade of silver, fair and appropriate position limits in silver should be a maximum of 1,500 contracts or 7.5M ounces. The current proposed limit of over 5,000 contracts will not solve the silver price manipulation issue. 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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