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Comment for Proposed Rule 76 FR 4752

  • From: Udo van den Heuvel
    Organization(s):
    myself

    Comment No: 29369
    Date: 2/25/2011

    Comment Text:

    As most people already know:

    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.

    By raising the limits you only give the banksters some extra time for their game.
    This will not help fair trade in an open market.

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