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Comment for Proposed Rule 76 FR 4752

  • From: COSTAS A. LOS
    Organization(s):
    overseas private investor

    Comment No: 30302
    Date: 2/27/2011

    Comment Text:

    Dear Chairman Gensler and fellow Commissioners

    As a great number of commentators have said and to which i agree, any speculator holding an amount of silver derivatives greater than what 99% of the world’s silver producers and consumers make or use in a year would have inordinate pricing power. The purpose of speculative position limits is to prevent such a circumstance. I therefore agree that the number of contracts should be limited to 1500 contracts.

    Sincerely,
    Costas Los

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