Comment Text:
I have written before regarding position limits in the silver futures market.
The fact that traders are allowed an inordinately high number is only advantageous to them and under any circumstance, ludicrous and costly.
Fair is fair and the way traders may be allowed to hold up to 5000 contracts is hardly fair, as that amounts to many million ounces of silver being traded as simple and blatant speculation.
The effect is, as you must be aware, to keep the price of silver artificially low which only benefits these traders.
We are supposed to live in a Democracy but when trade is controlled in the fashion it appears to be it only benefits those who prefer an oligarchy.
I am not a kid and have witnessed a slow but steady change in the spirit of our country from the end of WW2 that unified our "Once Great Nation".
We have become a debtor to the world because our standards have been slowly diminished through an incessant assault on our once basic values by some who do not care one whit for this nation and our people.
Don't allow a continuance of this loss to the greed of a few who, unfortunately, are allowed to pass themselves off as citizens of the United States.
Respectfully, Ian MacFarlane
