Comment Text:
Dear Commissioners,
We have a situation presently where the monies used in the investments of small investors, which should be the backbone of a healthy futures market, are being taken to the benefit of major corporations or other very wealthy individuals that manipulate the Silver futures market by shorting that market.
They hold massive amouts silver futures by shorting the market and collude to rig the market lower. This manipulation is agregious, criminal and cries to be immediately eliminated. If the CFTC allows this to happen it is an accessory to the crime. We pay hard earned tax dollars to keep our markets honest. It is required by justice and honesty.
One might be able to understand how this situation initally came about but it is NOT UNDERSTANDABLE as to how this situation is allowed to continue. If the CFTC is to fail then let it fail protecting the small investor and not the larger ones. I implore you to immediately reduce the position limits on Silver to 1500 contracts. Let the Silver price by determined by the small investors and over several years the wisdom of this decision will be apparent to all. The futures market is to discover the market price and not to set the market price as is now being done. Thank you for your consideration.
