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.
