Comment Text:
Whilst i strongly endorse setting of position limits on comex silver contracts,i do not feel comfortable with a position limit of 5000 contracts.5000 contracts will give exposure to 25 million ounces in a relatively small market,and i cannot envisage this amount NOT being a controlling or highly influential position.The position limit should be at such a level that manipulation of prices is of little or no concern to all investors.I therefore propose a position limit of 1500 contracts, or exposure to 7.5 million ounces which will put all investors on a level playing field,as you must agree should always be the case. yours sincerely william simmons
