Comment Text:
As business mentors, coaches and consultants we support the notion of truly free markets and the entrepreneurial spirit demonstrated by those who have the courage and conviction to carve out a place for themselves. What we abhor is any sense of unfair play; un-level playing fields and undue use of power to manipulate markets or people to achieve the desired objectives of those with the most to gain or lose through the maintenance of the current status quo of market manipulation in silver.
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.
My hope is that the individual CFTC members will have the integrity and intestinal fortitude to independently and thoroughly review the evidence and do what is right, rather than follow the party line despite any indirect or direct pressure that may be brought to bear on them to decide differently to what their conscience and integrity is telling them.
