Comment Text:
I’m writing you to urge the adoption of position limits in silver. I urge you to seriously consider the 1,500 contract limit proposed by silver expert Ted Butler. He needs no introduction to the CFTC.
It has become common knowledge that the price of silver and gold are being manipulated by financial institutions. This helps to camouflage the true nature of the financial threat facing the United States and much of the world. Eventually, the true value of these commodities will be reflected by their price. That will most likely happen suddenly and have extremely harsh consequences for everyone everywhere.
Ending the manipulation sooner rather than later will reveal the actual value of these commodities, and thus reveal the actual loss of value in our currency so the healing can begin. The longer you wait and perpetuate the cover-up of this situation, the greater the shock to our country and the world and the longer and more severe the healing process.
The CFTC is already considered by some as a co-conspirator in this cover-up. It’s, after all, the federal regulator. Someday when the financial state of the country lies in ruins, there could be calls for financial “Nuremberg trials.” Even if there are only congressional hearings, will you at the CFTC be considered witnesses or co-conspirators?
Please adopt position limits in silver as indicated. Make sure that they’re enforced and not circumvented by financial institutions.
