Comment Text:
When is the blatant, special-interest, manipulation going to end?
Clearly, the job of policing the COMEX Silver Market has failed miserably! In fact, for the “big” players, adequate policing has been virtually non-existent. For example; naked short-selling, one of the tools used to manipulate the price of silver, is so obviously wrong-headed that this practice should never have been allowed to begin with! ALL markets should be permitted to fairly reflect the natural law of supply and demand. But, it’s apparent that “privileged” (read corrupt) special interests are never satisfied with a level playing field and thus had long-ago infiltrated the so-called regulatory agencies of our government specifically to rig the markets in THEIR favor. Enough is enough already!!!
There is NO BETTER TIME THAN YESTERDAY to put an end to this criminal activity!!! STRONG, SENSIBLE, POSITION LIMIT RULES should have been implemented from the outset decades ago.
For starters;
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 a good starting point and is STILL greater than any other current concentration in physical commodities traded on the COMEX.
