Comment Text:
Dear Sirs and Madams;
I am appalled at your lack of oversight over the blatant manipulation of a the silver market by a few large banks.
This is readily apparent to anyone who examines these markets.
This is caused by the massive positions these market manipulators are allowed to take.
"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."
I urge you to take this action immediately to restore confidence to this market.
Truly yours,
Robert Berg
