Comment Text:
Dear CFTC Commissioners:
You know that concentration in any market is to be avoided. The whole thrust of commodity law goes towards preventing concentration. You know that the ideal profile of a free market is where a wide diversity of market participants competes on both the buy and sell sides of the market. We also know that the most extreme state of concentration possible is where there is, effectively, only one buyer or one seller. Therefore, what the latest March 4, 2011 COT and Bank Participation Reports just confirmed was that the most extreme form of concentration possible just occurred during the latest reporting week.
http://news.silverseek.com/SilverSeek/1299509764.php
Do the right thing and free the Silver markets from the manipulators. Impose an immediate 1500 contract position limit.
Rich Knudsen
Pleasanton, CA
Mobile: 925.895.9290
email: [email protected]
