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Comment for Proposed Rule 76 FR 4752

  • From: Chris Rinta
    Organization(s):
    Just a concerned trader.

    Comment No: 28919
    Date: 2/24/2011

    Comment Text:

    I am getting so frustrated and have no confidence in the CFTC as a regulator. Silver position limits need to be imposed now! How can these bullion banks (JP morgan and HSBC) be short so much silver? Naked shorting was illegal last I heard. 5000 contracts is way to high or 25 million ounces give me a break. 1500 contracts is reasonable or 7.5 million contracts. I will commend Bart Chilton for having the courage to address this issue and attempt to rectify the problem. Not to be rude when I say this, but it's time the rest of you guys step up to the plate and do what is right.

    Thank you.

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