Comment for Proposed Rule 76 FR 4752
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From:
Maurice J Lea
Organization(s):
Private investor
Comment No:
33680
Date:
3/28/2011
Comment Text:
Dear sirs
I urge you to implement effective position limits to help stop the ongoing COMEX market manipulation by the large banks that have recklessly destroyed our free market system.
You are of course aware that silver has the largest short concentration of all the commodities, and your proposal for silver is wholly inadequate.
In such a small market, and considered in relation to World supply, your proposed limits are far too high and still allow the opportunity for significant manipulation
Based on all information available to me over years of study I, along with many more expert than myself, am convinced that a reasonable limit for silver is no more than 1,500 contracts or 7.5M ounces.
Thank you in hope of your just and proper decision
Maurice Lea
