Comment Text:
Position Limits on Silver should be kept to a level consistent with the non ability of any institution to unfairly influence the price determination at the expense of others.
For this reason I concur with Ted Butler that a limit of 1,500 contracts be implemented.
For the record I am residing outside the United States and am of the opinion that it behoves the CFTC to listen to the voice of the people to ensure fairness instead of the voice of vested interests. Today 24th February,2011 the day before final notice on Comex saw the price of silver fall 5% in an obvious manipulative attempt to influence longs from their positions while the CFTC as regulator is somehow absent from the situation which detrimentally affects the lives and investments of so many .
Enough is enough and fairness is demanded of the regulators, a 1500 position limit is demanded by the people which is then fair to all participants in silver commodities.
