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Comment for Proposed Rule 76 FR 4752

  • From: Calum Coburn
    Organization(s):
    The Negotiation Experts

    Comment No: 31359
    Date: 3/9/2011

    Comment Text:

    Dear Chairman Gensler and fellow Commissioners

    Last week saw a surge in silver COT short positions by the 'big 4'. I suspect that JPMorgan is once again taking outsized naked short positions in silver. Taken together, the 'big 4' now control such a large stake in open interests shorts that they are able to control the price. These banks are NOT miners, they are NOT bona-fide hedgers, the CFTC is supposed to impose position limits, and yet you are failing investors in your fiduciary duties. Please listen to Bart Chilton and take corrective action by implementing the overdue position limits in silver without delay.

    Your sincerely
    Calum Coburn

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