Comment Text:
To the CFTC, concerning the ongoing manipulation of the metals market. The continued takedowns and volitility are due to the lack of proper position limits and dirty tricks on behalf of certain large traders on the Comex. JPM and HSBC current hold the spotlight on this matter, dumping and pulling contracts during low volume trading, hiding between COT reports, buyind or selling in such numbers with the intention of running stops for thier financial gain at the loss of other investers. Selling huge amounts of paper contracts that are not backed by real metal in such monsterous amounts so as to create a danger to the market itself. If position limits were in place it would stop the concentration and a position limit of 1500 contracts would help prevent the blatant concentration currently held by a few large traders. Please dont just pass this very important matter down the road. More years of delay and investigations are not what the public is asking for. We just want the crooks on the Comex to have limits on there ability to move market prices to thier profit. Thanks in advance for taking this issue of position limits seriously and establishing them without delay, Marty Orluck
