Comment Text:
Commissioners Cftc
I don't know if I am the most educated on silver. One thing I have heard outcry on is that when you
see silver dive as it did last week, is that the large banks just used "unbacked paper to raid the silver".
How are they able to do this, why don't they have the same rights as me. If I wanted to sell 5 million
ounces of silver on Monday, and called the sell order in, wouldn't you check to see if I had the
item to sell.
You are dealing with "musical chairs here" while the music plays there are 200 people walking around
one chair with silver on it. What happens when the music stops. Catistrophic results.
Please restrict the banks to a normal 1000 to 1500 contracts so that the catastrophy doesn't happen.
I will continue to make money on silver, either way you do it, but the results of one way over the other
are like night and day.
Jim Jackson
