Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 76 FR 4752

  • From: Kenneth E Bozarth
    Organization(s):
    N / A

    Comment No: 28271
    Date: 2/23/2011

    Comment Text:

    OPEN LETTER TO THE CFTC
    February 23, 2011
    Commodities Futures Trading Commission
    3 Lafayette Center
    1155 21st St. NW Washington, DC 50581
    Re: Final Position Limits Letter

    Dear Commissioners:

    I have corresponded, with you all, many times in the past. Among other things because of your policy of failure/refusal/neglect to stop but rather to accommodate Silver Manipulation, I lost a fortune.

    Equitable 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.

    Please do the right thing NOW... and
    FIX THE PROBLEM WITH NO MORE THAN 1,500 CONTRACTS IN SILVER!

Edit
No records to display.