Comment Text:
TO CFTC COMMISIONER AND HIS STAFF 2/26/2011
PLEASE INSTITUTE A 1500 CONTRACT POSITION LIMIT FOR SILVER. DOING SO LIMITS EXCESSIVE SPECULATION AND CONTROL OR MANIPULATION OF THE SILVER MARKET. POSITION LIMITS OF 1500 CONTRACTS IS STILL LARGER THAN WHAT THE VAST MAJORITY OF THE WORLD'S SILVER PRODUCERS AND CONSUMERS MAKE OR USE IN A YEAR.
ALSO, EXEMPTIONS SHOULD BE STRICKLY UPHELD TO BONA FIDE HEDGERS, AND SPECIFIC PARAMETERS, AS TO EXEMPTIONS SHOULD BE ESTABLISHED.
THANK YOU FOR THE OPPORTUNITY TO STATE MY INPUT REGARDING POSITION LIMITS.
RESECTFULLY SUBMITTED
ARMAND W. TONUCCI
