Comment Text:
Dear Sirs,
I have noted, as tens of thousands have, that the Short Sellers with huge market positions drive down the price of several commodities, including Silver and Gold. This affects price discovery and undermines free market capitalism. Positions limits must be set. They MUST NOT exceed 1500 contracts. This must be done without any waivers of any kind and without grandfathering any of the majors.
Without positions limits the majors manipulate the free market and this hurts everyone in the long run. More importantly, without position limits, the government agencies responsible for overseeing such activities lose all credibility.
Cordially,
James
