Comment Text:
Dear Sirs.
Thank you for allowing me to post a comment on Position Limits specifically for Silver contracts.
Fair and appropriate position limits in silver should not be allowed to overwhelm the market by any entity. I am not sure as to the size of contracts but it seems to me that they should not exceen 1,500 contracts or 7.5M ounces unless you are an actual mining company requiring such a position as a bonafied hedge against production! 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.
Thank you for allowing a private investor to provide a voice in this matter.
Sincerely,
E. Melzer
