Comment Text:
I have been intrigued by the short selling of PAPER silver by HSBC and JP Morgan-Chase enabled by the COMEX rules and regulations.
I believe that dominance of HSBC and JP Morgan in the silver PAPER market results in a massive manipulation in the value or cost of silver which is BAD for the American consumers and as such BAD for businesses that manufacture products that contain silver. It remains good for those individuals in those corporations that have mastered "FINANCIAL INSTRUMENTS" and whose primary intent is to create wealth for themselves without ethics or integrity or concern for the well being of others.
AS SUCH. IT BEHOOVES THE COMMISSION TO LIMIT THE MANIPULATION OF THE EXCHANGE BY LIMITING THE NUMBER OF SHORT CONTRACTS THAT CAN BE OUTSTANDING BY ANY ONE INDIVIDUAL OR CORPORATION TO 1500.
