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Comment for Proposed Rule 76 FR 4752

  • From: Ray D Morris
    Organization(s):
    NONE

    Comment No: 30964
    Date: 3/3/2011

    Comment Text:

    I support fair and non-riggged markets. You need to take responsibility for assuring the markets are ones that reflect price discovery NOT price manipulation.

    Its time to stop the blatant and obvious manipulation that is happening in commodity markets.

    Fair and appropriate position limits in silver should be NO MORE than 1,500 contracts or 7.5M ounces. The current proposed limit of over 5,000 contracts WILL NOT SOLVE THE PROBLEM OF MANIPULATION IN SILVER! The 1,500 contract limit is the correct amount and is STILL greater than any other current concentration in physical commodities traded on the COMEX.

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