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Comment for Proposed Rule 76 FR 4752

  • From: Eric J Stephens
    Organization(s):
    Stephens Design

    Volkswagen Group of America

    Comment No: 28115
    Date: 2/23/2011

    Comment Text:

    Please review your position on the silver contract limits to stop the large financial institutions from manipulating the precious metal markets. We live in a country that is for the people and by the people; not for the corporation by the corporation. It is appalling that the corruption in this market continues unabated with little or no oversight from the very regulators who are empowered to stop the shenanigans. Do right for the people of this country who have family members who fought and died on foreign lands to protect YOUR right to freedom from further financial terrorism employed by the to big to fail financial organizations who have taken over this country.

    Further more the 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.

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