Comment Text:
It is the duty of the CFTC to ensure fair and orderly traiding conditions in the commodities & futures markets.
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.
There is blatant manipulation of the silver & gold markets and I believe, as do thousands of other investors, that the solution is to limit (to 1,500) the number of futures contracts permissible in the market, specifically to silver.
FarsideZA
