Comment Text:
To the CFTC,
It is your duty to regulate, promote and insure fair trade. You need to guard that paper positions do not overwhelm a REAL commodity. It is so very obvious that concentrated positions; long or short in COMEX can overwhelm a REAL commodity. To avoid having the tail wag the dog, all COMEX commodities need a consistent and reasoned limit of around 1% of world production.
Hello CFTC we have a problem. The tail is in total control Silver. It is as clear as the nose on …………….
The huge short positions of a few commercial traders have been allowed to hammer and overwhelm the REAL silver market. Hello CFTC this is a problem.
It is time to end the organized and blatant manipulation and corruption. Please enact reasonable 1% limits on all commodities. Please end the abusive exemptions. Please free the markets from the abusive control of the commercial money centers.
Enact a position limit of 1500 contracts in COMEX silver positions.
Respectfully,
Michael Greytak
