Comment for Proposed Rule 76 FR 4752
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From:
Raymond P Gauthier
Organization(s):
Individual Investor
Comment No:
33776
Date:
3/28/2011
Comment Text:
No one party should be able to monopolize the silver market the way certain banks have been controlling the price and supply of silver over the past few years. Limits need to be set to prevent such control.
Please implement effective position limits to help stop the ongoing COMEX market manipulation by the large banks ( JP Morgan ) that have recklessly destroyed our free market system. 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.
