Comment Text:
Dear Commissioners,
I have been a small silver investor along with silver mining stocks for many years.I believe silver is a great hedge against inflation and other crisis and provides a hedge against dollar devaluations and is more representative of real money as established by our Founding Fathers in the US Constitution.
Position limits should be established so that the silver market will have less risk of market manipulation. I am retired and can not afford to have price whipsaws in the performance of my investments. How can I plan anything in the future with such whipsaws.
Markets can be devastated by huge price swings and manipulations by large concentrated positions. The silver market has experienced such wild price swings for no apparent reason except to give a pricing advantage to such concentrated interests.
Lets reason together, why allow a market to be dominated by a few at the expense of many? Our Constitutions was founded on We not Me. Our common welfare should come before powerful broker markets.
As I write the silver market just crashed $1.50 in just a few minutes does that seem like normal behavior to you?
I checked my silver mining stocks I lost over $10,000 dollars in my retirement account in a few minutes.
Please limit these concentrated power positions so there is no motive to have these flash crashes at our expense.
Best Regard
Mark B. Jensen
