Comment Text:
I just spent 10 minutes reading many of the comments of the 200+ pages of comments filed. I did not read one that supports no position limits. It seems simple to me: if America is to have a true "free market", then the domination and control of all markets must end. Yes, there is risk of price spikes and crashes, and the large institutions will argue that is in the best interests of the markets to not place position limits on things. While a good argument for "orderly markets" it's not a good argument for free markets.
More people every day are seeing these markets for the sham that they are. And I'm not just talking about derivatives, but all financial markets. The control and manipulation is becoming more obvious.
I hope the CFTC will do the right and courageous thing and impose position limits appropriate to the market. It is not appropriate to have for example open positions in silver equal to over 150 days production! This is about maintaining an orderly market, which as I stated above is wrong, but about out and out manipulation. The world is watching, and history will take note of what is done here in the United States.
It's time to do the right thing. Please take a step to correct this!
