Comment for Proposed Rule 76 FR 4752
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From:
Elva Jo Edwards
Organization(s):
none
Comment No:
34014
Date:
3/29/2011
Comment Text:
Personally, I feel like we citizens have given the big banks more, way more, than enough! I wish we hadn't of recused them, but instead have given their assets to small banks and supported that transition. But since they are still around, acting like parasites, they need to be regulated.
Please implement effective position limits to help stop the ongoing COMEX market manipulation by the large banks 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.
The banks should have the physical to pay up on expiration whether they roll it over or not.
Show me (the regulators) the money!