Comment Text:
It is absolutley essential that you implement effective position limits to stop the ongoing COMEX market manipulation by the large bullion banks that are wantonly destroying our free market system. Silver has the largest short position concentration of all the commodities. Position limits in silver should be implemented immediately. The limit should be no more than 1,500 contracts or 7.5M ounces. Additionally, JP Morgan should not be allowed to offer vaults whereby they can continue this fraudelent performance through the delivery process.
When the Hunt Brothers tried to corner the silver market on the long side in 1980, you guys did not allow that to happen. Why do you turn a blind eye to this blatant short selling from the bullion banks that clearly do not have the physical metal to deliver to the COMEX? This is twice as fraudulent and egregious. IF you don't draw the line on this, you are not doing your jobs.
Carole Hutchinson
