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Comment for Proposed Rule 76 FR 4752

  • From: Bruce W Austin
    Organization(s):

    Comment No: 29764
    Date: 2/25/2011

    Comment Text:

    Dear Chairman Gensler and fellow Commissioners:

    I am writing to urge you to institute a 1500 contract position limit for silver with no exemptions for any bona fide hedgers.

    As the public becomes more aware of the issues surrounding Gold and Silver in the world economy the actions of the CFTC will be judged more and more widely across the general population. It is important that the CFTC not be viewed as favoring any large banking interests above those of the public whom you have been charged to protect.

    Again - please institute a 1500 contract (7.5 million ounce) position limit for silver.

    Respectfully,

    Bruce W. Austin

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