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Comment for Proposed Rule 76 FR 4752

  • From: Kenneth Howell
    Organization(s):
    None

    Comment No: 29462
    Date: 2/25/2011

    Comment Text:

    Please institute a 1500 contract (7.5 million ounce) position limit for silver.

    A 5000 limit would allow the equivalent of 25 million ounces of silver to be manipulated. There are only 3 silver mining producers in the world who can produce this much silver.

    A 5000 limit would still allow the manipulation of silver in the futures market.

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