Comment for Proposed Rule 79 FR 30762
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From:
Ronald P Pavlak
Organization(s):
John Q Public
Comment No:
59903
Date:
6/29/2014
Comment Text:
While reading your proposal I was gratified to see the excellent example of the Hunt Silver debacle episode. This of course escalated the price of Silver. While I am not a financial expert, just a normal investor, I hope that you have also addressed the continued ability of large financial organizations to suppress prices and commodity markets as well. It appears to me that the current Silver market is now simply controlled by large firms swapping Silver futures to the point where the PAPER now controls the price of the Silver commodity, rather than the actual demand/market for the product. Anyone who follows the Silver market and watches the unexplained variations that have occurred over the years surely must have some suspicion’s.
I’m afraid the plague is not only national but international as well with the LBM/LBMA being equally as complicit in abuses.
Anyway, I hugely applaud your efforts and hope that you will stand firm in the face of special interests that fill you request for comments page!
Best Regards
Ron Pavlak
