Comment Text:
Thank you for being able to comment.
I am in favor of position limits of 1,500 contracts, as it limits the ability of large institutions or hedge funds to manipulate prices in short to medium term ways. People with an excess of that number are most probably speculators, who benefit by having pools of billions of dollars of funds, and can control a great deal of metal in excess of what one would reasonably be able to consume. Such large institutions can slosh money around so as to create short term downdrafts that can stop conservative investors out of their positions, to limit losses. Big institutions have an advantage over individuals who trade reasonable positions, that that want the ability to limit losses, without short term gyrations of protective stops simply a way to lose money.
Your imposing position limits will limit distortions in the market place caused by huge hedge funds, or large trading institutions, with billions of dollars at their disposal.to cause short term distortions, and stop losses, that give them great advantages.
Please level the playing field, and let the market run itself, and not be distorted by big money, that preys on those with more limited resources.,
Thank you aga
