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Comment for Proposed Rule 76 FR 4752

  • From: John Gonzalez
    Organization(s):
     None

    Comment No: 29844
    Date: 2/25/2011

    Comment Text:

    Dear Chairman Gensler and Fellow Commissioners:

    I'm just a small fry individual investor. I hold gold and silver to protect my family and myself from the predations resulting from the Federal Reserve's loose money policies. Those loose money policies are causing rises in gasoline and food prices, seems to me.

    My sense is that the concentrated short positions by the large commercial banks are not allowing real price discovery in the silver market.

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

    Thank you,
    John Gonzalez
    La Jolla, CA

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