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Comment for Proposed Rule 76 FR 4752

  • From: Thomas C Hutchinson
    Organization(s):
    Private individual investor.

    Comment No: 28783
    Date: 2/24/2011

    Comment Text:

    To whom it may concern,
    I have been an investor in the precious metals markets for over a decade. It can be said without equivocation that the manipulation of the the markets especially silver has affected my retirement funds significantly.
    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."

    Sincerely,
    Thomas C Hutchinson

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