Comment Text:
Dear Sir;
Thank for the opportunity to comment on the issue of position limits for precious metals. Please establish a speculative position limit in COMEX silver of no more than 1500 contracts. Please restrict any hedging exemptions from those limits to legitimate hedgers. Please stop the levels of concentration in COMEX silver futures that have been experienced over the past few years on the short side of the market.
The criminal manipulation of the silver market will end one way or another, either through the market or diligent oversight by the CFTC to end these practices. Be on the right side of this crime in progress, and restrict speculative limits to reasonably sized positions.
Gabriel Sukenik
