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Comment for Proposed Rule 76 FR 4752

  • From: James Fields
    Organization(s):
    Investor & voter

    Comment No: 33929
    Date: 3/28/2011

    Comment Text:

    Sirs:
    I response to your request for comments, I submit the following obvious points:

    1) The limit in Silver should be no more than 1,500 contracts to be in line with all other commodities.
    2) The current proposal falls way short of stopping manipulation due to concentration.
    3) The current volatility in the silver market is 100% due to the poor enforcement of commodity laws by the CFTC and this volatility will continue.
    4) The delay and lack of urgency in the silver investigation and enforcement has made investors lose all faith in the CFTC.

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