Comment Text:
Its pretty clear to me that market manipulation is present in the gold and silver COMEX.
My evidence of that is the price action near key options expiration dates, the testimony of Andrew McGuire, Harvey Organ, and the GATA folks, which IMHO have been proved right over the years.
My question to you all is, do you want to continue to be enablers of this manipulaiton, or do you want to do your job and prevent it -- that is, have a clean market that enables price discovery, not price manipulation, by those able to control too many contracts?
I believe 1500 contracts maximum for all entities, including JPM and HSBC would be proper.
Else, you will drive people into the spot market to pick up bargains, and eventually the paper markets will be stressed by lack of physical.
