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Comment for Proposed Rule 76 FR 4752

  • From: John Baronowski
    Organization(s):
    Individual investor

    Comment No: 31804
    Date: 3/16/2011

    Comment Text:

    I'm writing in regards to position limits in Silver. I am a very concerned American that has defended this country for the past 20+ years as a United States Marine. While I never made alot of money in the service it did provide an opportunity for me to raise my kids. I purchased a house and I'm probably 70% upside down in my loan. I have aways taught my kids to honor there word and pay what you owe. Since I never had extra money for investments I never really paid any attention to it. After the real estate market blew up I continued to pay on my mortgage even though I was being screwed. Since the kids were grown it was time for me now to try to better myself. I began researching different things to see how I could make back the money on my stupid investment of a house. I seen it through Silver. While I am probably the smallest fish in the pond I'm still there and I need to speak up when something is not right. The position limits in Silver are way too high and need to be brought down considerably. I would say between 1300 - 1500. I hope the CFTC does what it is meant to do and stop allowing just a couple of banks to manipulate the system. They have made billions over the years and to cater to them is not right for the people like myself that is trying to play by the rules the right way. Thankyou for your time ad I hope this two and a half year investigation comes to a close soon with real solutions. John

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