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Comment for Proposed Rule 76 FR 4752

  • From: David E Wiesen
    Organization(s):
    Individual Investor

    Comment No: 33690
    Date: 3/28/2011

    Comment Text:

    Dear Commissioners:

    Please implement effective position limits to help stop the ongoing COMEX market manipulation by the large banks that have recklessly destroyed our free market system. Silver has the largest short concentration of all the commodities and position limits in silver should be implemented immediately. A reasonable limit is no more than 1,500 contracts or 7.5M ounces.

    I fear that if this action does not happen very quickly, the world will lose confidence in ALL our commodities markets and force the global communities to band together against the United States.

    Please help by enforcing these position limits fo ALL Small specs, large specs and Commercial traders.

    Respectfully,

    David E. Wiesen

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