Maguire/NN-L Respond To Cohan Interview

Tue, Sep 30, 2014 - 1:50pm

The latest in the saga, though not directly from Andrew Maguire, seems to place the onus back upon William Cohan.

Below is the latest "reply", just published by GATA and written again by our friend, Ned Naylor-Leyland. In it, Ned asserts that the hold up in publishing the article in question is NOT coming from Andrew and his attorneys. It is instead coming from Cohan, himself.

Apparently, the delay in publication comes down to this:

Cohan wants to insert language that directly names the TBTF bank at the heart of the manipulation (which, I guess, we all assume to be JP Morgan). Andrew and his attorneys allege that, at this stage, directly identifying the lead perpetrator would be potentially libelous and, thus, was never agreed to by Andrew and his lawyers.

Look, I'm not a lawyer so I really have no idea what is libelous and what is not. Maybe our pal CaliforniaLawyer can chime in with some clarification? For now, though, here's a full reprint of Ned's response. It appears that the ball is squarely back on Cohan's side of the court. At this point, I just hope some kind of middle ground can be found. I mean, seriously...who cares if JPM or some other bank is mentioned directly? The story just needs to be put into the public domain and then we can all just let the chips fall where the may.


By Ned Naylor-Leyland
Investment Director
Quilter Cheviot Investment Management
London, England, United Kingdom
Tuesday, September 30, 2014

Last week I wrote about financial journalist William Cohan's unpublished article about silver market manipulation and a regulatory cover-up. This week Cohan has claimed that lawyers for London metals trader and market-rigging whistleblower Andrew Maguire were stopping him from publishing his article.

Cohan is demanding that the main perpetrator of metals manipulation (the institution also known as Voldemort) be named specifically in the article. Without this, Cohan says, he won't publish.

Contrary to his claim, this was never agreed by Maguire's lawyers and for legal reasons cannot happen. But since everyone has a pretty good idea who the institution is anyway, I find it ridiculous that Cohan is making a demand that cannot be met and using that as a reason to remain mute. Contrary to what he appears to be saying, this detail wasn't agreed in the version of the article he wanted to put in newspapers.
Cohan appears to want this all to go away, which it won't.

I repeat: Cohan told me that his article "got killed everywhere I took it" and that it is "an amazing story that really should be out there." These statements and that he did see the evidence and did write a long expose of the subject are unavoidable.

Cohan's thoughts on the matter, in light of his reputation, would be worthwhile indeed and metals investors deserve to have this subject cleared up. If, as well may be the case, silver and gold prices are being managed with not just impunity but also with the collusion of the government, then this truly is a monster of a story with far-reaching implications.

Maguire has been relentless in pursuit of the prosecution of criminal behavior in the metals markets, so any suggestion that he is getting in the way of Cohan's publishing his article is really absurd. Such a complaint deflects the blame, as of course Cohan said and thought he could get the article published in the mainstream financial news media and then discovered otherwise.

Who other than Maguire approached the government regulators with folders full of evidence, risked life and limb to do this, and will not let go of the subject despite a monstrous cover-up admitted by a former member of the U.S. Commodity Futures Trading Commission, Bart Chilton?

The article Cohan wrote can and should be published. He already has mentioned one of the things he was told not to publish -- that other enforcement agencies have been involved -- and the other detail he is insisting on cannot be included.

Enough of the obfuscation, please, Mr. Cohan. Let's see your article, on your own Internet site if you can't publish it elsewhere.



Below is the email reply that William Cohan sent off to Dr. Janda upon review of this post:

this may have reached the point of ridiculousness i am afraid. i never mentioned
the JPM point. everyone knows JPM is the big kahuna here as i wrote in my NYT article.
it is about being able to include the fact that Andrew's lawyers went to two other enforcement
agencies and won't let me identify them and the fact that Andrew's colleague will no longer
allow me to quote him.
thanks for sharing

As you can see, we are nowhere near any type resolution/clarification of this matter and I, for one, am getting sick of dealing with it.


About the Author

turd [at] tfmetalsreport [dot] com ()


Sep 30, 2014 - 1:51pm



Pounds of Money
Sep 30, 2014 - 1:53pm



Now to read what Mr. Maguire has to say.

Alonzo Jazzberry
Sep 30, 2014 - 1:57pm

"Enough of the obfuscation, please, Mr. Cohan."

In light of the rest of Leyland's response, this may be the most ironic possible way he could have concluded it. Shame on Cohan for attempting to obfuscate by insisting on having actual important details in his article!

Anyone really buying this?

Sep 30, 2014 - 2:00pm

Tx Turd & a ? can i send money order to sign up

Thanks T for bringing us this update.I have been waiting 14 years for true price discovery.
My question is this ,for turd.....paypal doesn't work for .I am ready to send you one hundred dollars to be in the loop,can i send a money order to somone? Best wishes from Merville BC....Will

Alonzo Jazzberry
Sep 30, 2014 - 2:01pm

Also love this one

"Cohan appears to want this all to go away, which it won't."

This after Cohan immediately went on Dr. Janda's radio program for a candid 25 minute interview insisting that he absolutely wants the article published and will do so tomorrow if he gets approval from Maguire.

Meanwhile, Maguire claims he'll 'put the matter to bed' and still hasn't said a damned thing?

Wait, who wants all this to go away? I thought Dr. Janda was being harsh on Maguire in his interview yesterday, but now starting to think maybe he struck the right tone.

Sep 30, 2014 - 2:01pm

Fifth Maybe?

Just checking in. Thanks to all of you that help us all hang in here!

Sep 30, 2014 - 2:03pm

Thank you!

Yes, if you can't use a credit card or Paypal, you can always send a snail mail check to:

Shimshock Group
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All checks should be made payable to "Shimshock Group" and not TF Metals Report or Turd Ferguson.

Alonzo Jazzberry
Sep 30, 2014 - 2:04pm

Not sure what to tell you Alonzo

Let's just hope that some middle ground is struck soon.

Sep 30, 2014 - 2:07pm

Here We Go Again

Why don't they just have someone else write the story and forget Mr. Cohan if he is the responsible one for holding up the publishing off the story. End off story. Keep Stacking

Alonzo Jazzberry
Sep 30, 2014 - 2:11pm

Craig - maybe you are the one to do it?

Cohan mentioned in the interview yesterday that Maguire won't talk to him directly. An intermediary would seem necessary in that case, and this Leyland guy is obviously too inflammatory (just wants to blame Cohan). Janda seems likewise inflammatory (just wants to blame Maguire). Of course, if no one can get in touch with Maguire then it probably is hopeless.

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