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Comment for Proposed Rule 76 FR 4752

  • From: Darryl L Bruns
    Organization(s):
    Mandalay Ventures Inc

    Comment No: 30406
    Date: 2/27/2011

    Comment Text:

    Dear CFTC Members,

    The current level of contract limits of 5,000 contracts is used to manipulate
    the silver markets in a manner that facilitates contrived swings in that market.
    While such swings can produce huge profits for the perpetrators, I believe
    that the function of the CFTC is to protect the integrity of the market of this
    important commodity so essential in today's world.

    Past experience has shown us all what incredible damage can be done when
    the Big Banks interfere with the normal course of the free market. The results
    of these manipulations not only produce uncertainties in these markets but of
    even more consequence produce distrust in agencies such as yours as well
    as the whole government.

    Please stop being an accomplice to this crime in progress and enforce 1500
    contract limits in silver position limits.

    Yours truly,

    Darryl Bruns

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