Comment Text:
if you must allow any short contracts, the limit should reflect no more than the value of the physical comodity that the contractor holds. COMEX rules should be at least as restrictive as the casinos in Las Vegas. Any person or institution who enters into a short contract, if they donot deliver the comodity, but offers cash or other goods in lieu of the physical comodity should be required to pay a fee to COMEX equal to the premium paid to the purchaser of the contract.
