Comment Text:
Does the CFTC really look out for the average investor, or will in continue in thrall to the big banks? That is the only question to be answered by this long-delayed ( some would say "ducked" ) issue on silver futures trading.
The fact that Chairman Gensler was a former employee of Goldman Sachs is not lost upon those thousands of small, independent investors who are hoping against hope that someone ( Chilton, Gensler?) will have the fortitude to do the right thing.
A position limit for silver trading of about 1500 contracts should serve the legitimate needs of the silver producing and consuming industries. Anything significantly larger will only serve to continyue the concentrated short positions of a tiny number of major banks.
