Comment for Proposed Rule 76 FR 4752
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From:
Tom Ellis
Organization(s):
none
Comment No:
30907
Date:
3/2/2011
Comment Text:
It's time for the CFTC to put an end to this entire silver manipulation issue that has been festering for decades. It doesn't matter how powerful or crooked the CME and the bullion banks are, this price management policy in silver [and gold] must be terminated. That is, what I believe, the CFTC was put in place for.
Based on all the comments that have been submitted to your organization over the last I-don't-know-how-many-years, it's blatantly obvious that a position limit in silver of 1,500 contracts is far closer to the mark then the patently ridiculous 5,000 contract limit currently being considered.
And a 1,500 contract limit is right in line with percentages allowed for other commodities.
Please do what is necessary to make this happen.
Thank you.
