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Comment for Proposed Rule 76 FR 4752

  • From: Mark A Amberg
    Organization(s):
    private investor

    Comment No: 29698
    Date: 2/25/2011

    Comment Text:

    Please institute a 1500 contract (7.5 million ounce) position limit for silver. The 5000 contract level is too high and gives the appearance of corruption and price fixing. People hate the big banks enough as it is. They shouldn't be able to squash the true value of silver with their unlimited fiat paper. Also rumors of illegal cash settlements from these same institutions abound when they can't deliver on their promise of silver. They should be banned from trading on your floors if this is true. I hope you will restore your reputation as an honest exchange by limiting silver contracts to 1500. Thank you.

    Mark Amberg

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