Comment Text:
Fair and appropriate position limits in Silver should not exceed 1,500 contracts or 7.5M ounces/customer. The current proposed limit of over 5,000 contracts will not eliminate the problem of manipulation in the price of Silver - Against the small investor - For the benefit of the Big Banks. This is NOT the American way. You have been given a law to stand behind and blame for "fixing this problem ," so use your position to finally fix this problem permanently. All it takes is having some guts and living by your principles.
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.
For God's sake, do the right thing!
No doubt, given a few years, the Big Banks will figure out another way to screw the little guys, but let's at least make them work for it.
