Comment Text:
Over the course of 30 years I have evaluated and investigated silver production, refining, inventories and stamping and bricking of silver.
As a financial newsletter writer of P.M and fossil fuels I have analyzed this silver and gold
commodity and Futures market extensively and the finding is empirical that these markets have been acutely manipulated to benefit Special Interest, i.e bankers, corporations, find managers, and those that accumulate long term for a future run and profit in these sectors.
Unfortunately, COMEX and CFTC has done NOTHING to protect the small investor from
these collusions and designed manipulations in a free market arena.
Of necessity the restriction of total contracts on silver should be reasonable, of which they are not at present. It is incumbent upon yourselves and regulatory agencies to prevent
IMMEDIATELY market destruction and provide a level playing field for every participant in the commodities.
Silver has the largest short concentration of all the commodities and position limits in silver should be implemented immediately. A reasonable limit is no more than 1,500 contracts or 7.5M ounces.
