Comment Text:
As a Financial Advisor, I am appalled that JP Morgan has been allowed to manipulate the silver futures market to the degree that it controls over 30% of the entire silver market. That coupled with the fact that they act as custodian on many of the silver ETF's on the long side while holding nowhere near the amount of silver needed to cover these ETF purchases boggles the mind!
Under Dodd-Frank the CFTC has every obligation to change the contract limits on silver to not allow any one player to manipulate ANY market to such a degree! A failure to do so would be reckless at best, criminal at worst.
Sincerely,
Mark Mohan
