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Comment for Proposed Rule 76 FR 4752

  • From: Jason Davenport
    Organization(s):
    Avanade Pty Ltd

    Comment No: 28382
    Date: 2/23/2011

    Comment Text:

    After reading all information regarding this position limit I believe the fair 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.

    Regards
    Jason

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