Comment for Proposed Rule 76 FR 4752
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From:
Malcolm Brawn
Organization(s):
NA
Comment No:
33144
Date:
3/26/2011
Comment Text:
This is my second input recommending position limits. I feel that the precious metals prices are manipulated by the bullion banks resulting in huge profits. As an investor, I feel I and many more are being cheated and that such activity should be curtailed in the interest of maintaining a free market, the heart of your mandate. The price activity on 24 march, last thursday on the Comex, at pricisely 12:15 PM in both gold and silver, to me, exhibit blatant manipulation. I need not mention names
I concur with the recommended position limits of 1500 contracts so that no one can exert the price
influence of the sort that have been going on for years.
