Comment Text:
Commodities Futures Trading Commission,
Dear CFTC Members,
I write to you asking for your sincere consideration of the following as you make a determination on what level position limits should be set.
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.
Please remove any perception of your decision being controlled by anything other than public will to which each of you are expected to strongly consider. Thank you.
Sincerely,
Scott J. Rogers
