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Comment for Proposed Rule 76 FR 4752

  • From: Travis Whitehead
    Organization(s):
    US taxpayer

    Comment No: 30950
    Date: 3/3/2011

    Comment Text:

    Please reduce the contract position limit for Silver to 1000 contracts or less if the holder has no direct interest in Silver.

    The recent declassification of a Pentagon study makes it clear that enemies of the US can use our financial markets against us and may be responsible for the 2008 crisis, or at least may have worsened it. http://www.theblaze.com/stories/pentagon-study-08-financial-crisis-may-have-been-the-work-of-finanical-terrorists/

    Silver has clearly been manipulated over the pasty decade using the tools that the CFTC allows. The report likens financial tools to "boxcutters" supplied by our regulatory agencies. In silver it is more like a hand grenade and you have the data to prove it.

    Act responsibly -- that does not mean temper your changes as the financial world is advocating -- to me that means examine past rules and scrap them if found to be dangerous.

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