Comment Text:
Confidence in the trading rules and the belief that the markets are fair have not existed for at least a decade. The rules changes that the CFTC is now attempting to change are long over due. We encourage the board to make REAL changes and at limits that are meaningful to restore confidence in that markets. The establishment of 1500 contracts and firm enforcement with meaningful penalties will be a good start in correcting current abuses.
5000 contracts limit on speculation in the silver market is to extreme. While this is the proposal, it should be rejected and the board should adopt a limit of 1500 contract in silver or less.
