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Comment for Proposed Rule 76 FR 4752

  • From: Jennifer Taylor
    Organization(s):
    U.S. citizen - No organization affiliation

    Comment No: 33677
    Date: 3/28/2011

    Comment Text:

    As someone who does not have deep pockets, and would be considered by any investor classification as a little fish, I ask that you please implement EFFECTIVE position limits to help stop the ongoing COMEX market manipulation by the large banks. In a free market system, it should not matter if I am a little fish or a big fish. But I am very concerned that we do not have a free market system with regards to the silver market. I am concerned that silver has the largest short concentration of all the commodities, while at the same time, it is one of the smallest asset classes. Due to the large short concentration's effect on such a small asset class, position limits in silver should be implemented immediately. I feel a reasonable limit is no more than 1,500 contracts or 7.5M ounces.

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