Comment Text:
I would like to add my feelings on the position limits on gold and silver. I am a private citizen with some money invested in gold and silver miners. I have my MBA in finance and accoutning so I know a little bit how free markets work, or should work. It is clear to me that the gross concentration of very few large financial institutions in both the gold and especially the silver markets artificially suppress those markets. Something as simple as watching the daily movements of the gold and silver price shows this before one even goes into the details of those price actions. And once one does that not only is it obvious that the gold and silver price is being manipulated but it is also clear who is doing the manipulation. I urge CFTC to put position limits on these so that the markets can react freely to normal market conditions, be that up, down or sideways. Private investors can only have confidence in the markets if they feel those markets are free to react to normal market condistions and are not being manipulated by a few. Thank you for your time and I look forward to the gold and silver markets being freed from those who manipulate them for their own purposes.
RF
