Comment for Proposed Rule 76 FR 4752
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From:
Brian D Reho
Organization(s):
Reho Capital Management, LLC
Comment No:
34043
Date:
3/29/2011
Comment Text:
DO YOUR JOB and 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.
This market manipulation is an affront to free trade and the American way. I beleive that there should be a full congressional investigation of cronyism, preferential treatment and deriliction of duty by the FTC.
We demand that the FTC put some "bite" into it's weak "bark" and put our system and the market on a fair and level playing field. If you can't or don't, you should either quit or be fired enmasse. This is a part of a wider national disgrace.
