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Comment for Proposed Rule 76 FR 4752

  • From: Fructuoso Cortez
    Organization(s):
    N.I.A.

    Comment No: 31038
    Date: 3/5/2011

    Comment Text:

    Mr. Gensler,
    How much longer are you willing to let this nonsense continue? At some point the truth will prevail and those who allowed the blatant manipulation to run it's course will surely need to answer to the People of Our United States..... . I am now 55 years old, as a young man I served our country believing that our nation was the greatest nation ever and the reason for it's greatness was our ability to conduct ourselves as honorable, truthful people with a common goal for all Americans, yes all. even those of us who don't run big banks. Was my youthful pride in our nation a fantasy? Have the thousands of Americans that gave their lives in war to preserve our way of life die in vain? Please consider the appropriate position limits in silver as described below:


    Fair and appropriate position limits in silver should be NO MORE than 1,500 contracts or 7.5M ounces. The current proposed limit of over 5,000 contracts WILL NOT SOLVE THE PROBLEM OF MANIPULATION IN SILVER! 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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