Comment for Proposed Rule 76 FR 4752
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From:
Earl Ellison
Organization(s):
none
Comment No:
31037
Date:
3/5/2011
Comment Text:
Any speculator holding an amount of silver derivatives greater than what 99% of the world’s silver producers and consumers make or use in a year would have inordinate pricing power. The purpose of speculative position limits is to prevent such a circumstance.
Please institute a 1500 contract (7.5 million ounce) position limit for silver.
Respectfully submitted, Earl Ellison
