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Comment for Proposed Rule 76 FR 4752

  • From: Adam Chalmers
    Organization(s):
    Not Applicable.

    Comment No: 28122
    Date: 2/23/2011

    Comment Text:

    Dear Commissioners,

    I realize you all have a very difficult job to do. I truly understand this. I am writing you today to voice my opinion on fair and appropriate position limits in silver. I believe that position limits in silver should not exceed more than 1,500 contracts or 7.5M ounces. Currently, the proposed limit of over 5,000 contracts does nothing to resolve the issue of silver manipulation on the COMEX. The 1,500 contract limit is not only fair, but will also be greater than any other (outside of silver) current concentration in physical commodities traded on the COMEX. Thank you in advance for your consideration.

    Kindest Regards,

    Adam Chalmers

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