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Comment for Proposed Rule 76 FR 4752

  • From: David Starkey
    Organization(s):
    None

    Comment No: 28318
    Date: 2/23/2011

    Comment Text:

    In a fair and free marketplace the imposition of position limits is necessary to guarantee that markets are not manipulated in favor of the individual with the deepest pockets. The imposition of limits on silver of 1500 contracts or 7.5 million ounces is sufficient for any legitimate business or speculator. The positions which exist today bring into question the fairness of the markets themselves and those who monitor them for the public good. Many individuals are watching this particular market to see if our government is serious about coming to terms with large monied interests who have the ability to move markets to suit themselves, and in the process take money from the pockets of real investors, time and time again. Position limits must be imposed, or the current widespred perception that our markets are not free will continue to gain adherents, to the detriment of our entire financial system.

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