Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 76 FR 4752

  • From: Thomas S. Wood
    Organization(s):
    IDEA CENTRAL

    Comment No: 30604
    Date: 2/28/2011

    Comment Text:

    I understand that the Dodd-Frank Law covers a lot of ground, but it's the obvious manipulation of the price of Silver on the COMEX that really upsets me. Why does the US Government not only allow - but apparently encourage - the concept of ripping off the little guys to benefit the Big Banks? Why is JP Morgan Chase (and friends) allowed to get away with the blatant manipulation that is obvious from their extreme concentration of Silver Contract SHORTS?

    No "REAL" customer needs more than 1,500 contracts unless they are running a price manipulation scheme! 1,500 contracts is the appropriate concentration maximum for any single customer in the the COMEX Silver market.

    Do the right thing and listen to the comments from WE THE PEOPLE!

Edit
No records to display.