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Comment for Proposed Rule 76 FR 4752

  • From: JOHN HAEDRICH
    Organization(s):
    INDIVIDUAL INVESTOR

    Comment No: 28243
    Date: 2/23/2011

    Comment Text:

    AS AN INDIVIDUAL INVESTOR, I HAVE BEEN SEVERELY IMPACTED BY THE HIGH LEVEL OF SHORT POSITIONS ON THE COMEX WHICH ACTED TO SUPPRESS THE VALUES OF MY INVESTMENTS. THE CURRENT LACK OF LIMITS PERMITS SOME PARTIES TO ACQUIRE UNREASONABLE NUMBERS OF SILVER POSITIONS WHICH GOES WAY BEYOND THAT NECESSARY TO PERMIT THE FUTURES MARKET ACT TO STABILIZE THE COMMODITIES AT TRUE PRICE DISCOVERY LEVELS.

    THE CTFC SHOULD LIMIT THE SILVER POSITION LIMIT TO 1500 CONTRACTS.

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