Comment Text:
Dear Chairman Gensler:
Thank you for your candid comments on February 28, 2011.
Our view, as a small silver investor, is that the issue of Silver Position Limits MUST be addressed, and the sooner the better. It is unrealistic to think that some 5,000 contracts is the appropriate level - this allows the big banks, and others, to dominate the silver market and control pricing. We are in favor of a position limit of 1500 contracts as a maximum (or fewer if possible).
We do not wish to prevent anyone from doing business; only that the "playing field" be as equal as possible for all.
We appreciate your effort to make necessary changes, and please know that we support your zeal to take reasonable and necessary action.
Sincerely,
Gail Stafford
