Comment Text:
Hi members of the CFTC.
I encourage you to continue to fight for the citizens not only of the USA but all citizens worldwide who are holders as myself of precious metals.
Although others believe taking the step of
"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"
this limit should only be permitted, providing the contracts are back by physical silver.
I watch Harvey Organ's blog daily and it seems a constant manipulation occuring at the COMEX nearing expiry dates and just normal activity that unbacked silver is being manipulated too keep the spot price down. AND THIS MUST STOP! The CME and SEC need to do their proper regulating as this manipulation has been going on for decades and "steals, kills and destroys" the real wealth of individual investors of silver and other precious metals worldwide., and inhibits mining companies from producing silver that is needed by industry and silver investors. This manipulation and higher limits continue to force the mining companies to be involved in criminal hedging of their production to future years, so the criminal investment-and-banking cartel can buy up cheap silver and keep the manipulation going as well.
Thank you and pray God to encourage you and help you to break through with information and direction that the regulatory bodies governing the metals and commodities to make the changes for everyone's best interest and not the interests of the corrupt bankers and those who desire to seize complete control of our free world.
You are the resistance!
Philip
