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Comment for Proposed Rule 76 FR 4752

  • From: John R Muetzel
    Organization(s):

    Comment No: 31598
    Date: 3/11/2011

    Comment Text:

    To; The Commodity Futures Traing Commission (CFTC) Chairman Gensler and Fellow Commissioners

    RE: Position Limits in Comex Silver

    I urge you to approve the staff's proposal on position limits. I would ask you however, to readjust the proposed formula in silver. The current formula would result in a position limit equivallent of 25 million ounces of silver. I believe this is too high of a threshold for our world market today.

    Please insittute a 1500 contract (7.5 million ounce) position limit for silver.

    Respectfully Submitted,

    John R Muetzel

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