Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 76 FR 4752

  • From: Matthew Buckley
    Organization(s):
    NONE

    Comment No: 28649
    Date: 2/24/2011

    Comment Text:

    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. You are all paid to regulate the market to ensure fairness. Without imposing position limits in the manner described you are ensuring that the big banks continue to manipulate the markets for their own gain at the expense of the people who pay you to do your jobs.

Edit
No records to display.