Comment Text:
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.
Naked trading has not add any benefit to the ethical standards of honest business practices. Speculation without RISK is not a honorable business practice...but a tool of manipulation which has served few at the expense of many.
