Comment Text:
Dear commissioners,
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.
As a regulator, I would ask that you take this matter into consideration and fulfill your legal obligation to ensure that such manipulation ceases and offer fair treatment and fair opportunity to all investors.
It is now a common and widely held view that the precious metals markets are being intentionally manipulated against the spirit of the free market.
This is nolt only unethical but also does little but damage the credibility and authenticity of the free market and the comex.
Respectfully Yours,
Mr.G.Garscia
