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Comment for Proposed Rule 76 FR 4752

  • From: Gayle W Fox
    Organization(s):
    Private Investor

    Comment No: 56709
    Date: 11/30/2010

    Comment Text:

    Thank for the opportunity to comment on the issue of position limits for
    precious metals. The irresponsible practice of concentrated short
    selling is reeking havoc on the silver market. I'm only a small
    investor but I implore you to use your wisdom and power to bring equity
    to this market again. Please stop the levels of concentration in COMEX
    silver futures that have been experienced over the past few years on the
    short side of the market. This practice is artificially controlling the
    price of silver to benefit its purveyors. Please establish a
    speculative position limit in COMEX silver of no more than 1500
    contracts. Please restrict any hedging exemptions from those limits to
    legitimate hedgers not market manipulators.

    Please help establish a level playing field where all investors have an
    opportunity to succeed and fail.

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