Comment Text:
I am a full believer of "free" market . For whatever reasons, the silver market is not free when it is manipulated by "unrestricted" concentration of position limits on the COMEX.
I agree 100% to the position limits below:
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.
Yee Pon
