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Comment for Proposed Rule 76 FR 4752

  • From: John H. Brame
    Organization(s):
     Not an organization

    Comment No: 33854
    Date: 3/28/2011

    Comment Text:

    Dear Chairman Gensler and fellow Commissioners:

    I urge you to approve the staff's proposal on position limits, including limiting exemptions to bona fide
    hedgers.

    I would ask you, however, to readjust the formula in silver. The current formula of 5000 contracts is the equivalent of 25 million ounces of silver.. This is too high of a threshold in light of the realities of the world silver market.

    Please institute a 1500 contract (7.5 million ounce) position limit for silver.

    Respectfully submitted,

    John H. Brame

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