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Comment for Proposed Rule 76 FR 4752

  • From: Jean-Francois Noel
    Organization(s):
     Independant Investor

    Comment No: 28080
    Date: 2/23/2011

    Comment Text:

    Dear Commissionners,

    I strongly beleive that fair and appropriate position limits in silver should be NO MORE than 1,500 contracts or 7.5M ounces! The current proposed limit of over 5,000 contracts WILL NOT SOLVE THE PROBLEM OF MANIPULATION IN SILVER! The 1,500 contract limit is the correct amount and is STILL greater than any other current concentration in physical commodities traded on the COMEX.

    Do the right thing...

    FIX THE PROBLEM WITH NO MORE THAN 1,500 CONTRACTS IN SILVER!

    Best regards,

    JFN

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