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Comment for Proposed Rule 76 FR 4752

  • From: Michael R Bodey
    Organization(s):

    Comment No: 28435
    Date: 2/24/2011

    Comment Text:

    In the past year or so it has become very clear that silver has been and continues to be manipulated which is unfair and illegal. Fair and appropriate position limits in silver should be NO MORE than 1,500 contracts or 7.5M ounces!

    It is obvious that 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 -- FIX THE PROBLEM WITH NO MORE THAN 1,500 CONTRACTS IN SILVER!

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