Comment Text:
As an individual investor and a trader in various commodities and markets I believe it is vitally important to eleiminate manipulation from a market.
The Australian Market has very good mechanisms in place to provide all parties a high level of confidence and assurance when trading Australian markets.
I believe this should be replicated across all markets.
This is not the case with the Silver market (COMEX)
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.
Your swift action on this matter would be much appreciated by all involved
Jim Nicholls
