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Comment for Proposed Rule 76 FR 4752

  • From: Mark Phibbs
    Organization(s):

    Comment No: 28984
    Date: 2/24/2011

    Comment Text:

    As I understand,the proposed position limits for silver are to be 5000 contracts. This is way too high as very few entities produce or use 25 million ounces of silver per year. Don't let speculators control the price of silver (or any commodity). Position limits should be no more than 1500 contracts in silver. You folks need to heed Ted Butler's expertise in this matter. Mark Phibbs

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