Comment for Proposed Rule 76 FR 4752
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From:
James F. Sproull
Organization(s):
retired
Comment No:
33671
Date:
3/28/2011
Comment Text:
I can find no basis for a 5300 contract limit. A limit of 1500 contracts seems to be much more reasonable. Having any limit is better than none, but enforcing it is the issue. Since one entity increased its total short position from 19,000 contracts to 25,000 in the last two weeks, they have demonstrated their total disdain for the CFTC's inclination to enforce the law and for the public's desire for elimination of manipulation of the silver commodities market.
