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Comment for Proposed Rule 76 FR 4752

  • From: Joe Poncakia
    Organization(s):
    Private investor

    Comment No: 28442
    Date: 2/24/2011

    Comment Text:

    I am a retired individual investor. My wife and I have worked very hard for the last 45 years to put together a nest egg for ourselves and hopefully have something left for our 3 children and 5 grand kids when we're gone.

    I have read just about everything, and watched numerous videos available on the internet, regarding the allegations of silver price manipulation by JP Morgan. While I suspect it is true, I do not know. People like Eric Sprott, Ted Butler and Peter Schiff sound knowledgeable and sound very convincing to me.

    While I do not know what the proper adjustments to the position limits for silver should be, I suspect the fine folks at the CFTC including yourself do. All I ask is that you Americans like myself a fair shake. Please do the right thing.

    Thank you for taking the time to read my comments.

    Joe Poncakia

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