Comment Text:
Honorable Chairman and Commissioners of the CFTC:
Please consider adjusting your position limits per organization to 1,500 contracts or less, total for all delivery months. 5,000 contracts is just too high and encourages further manipulation of the silver markets. It would be best for markets to serve a true price discovery mechanism, not too high, not too low, based on real world supply and demand. When the commercial banks can suppress the price of silver for decades, what happens it that is it used up and wasted, and that is exactly what has happened. Also, please help stop manipulation by the COMEX by increasing margin calls, whenever it seems PM are moving higher. It's like moving the finish line. Again, please let silver run it's course and not be manipulaed by these so called banksters. I'd hate to see a prestige orginization like CFTC, be bludgened by the people when they no longer can take this type of manipulation. Please do the right thing.
Regards,
Rob
