Maguire/NN-L Respond To Cohan Interview

150
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.

TF

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Last week I wrote about financial journalist William Cohan's unpublished article about silver market manipulation and a regulatory cover-up.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.

_______________________________________________________________________________________

10:00 PM EDT UPDATE:

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

dave
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
bill

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.

TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

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benque
Oct 2, 2014 - 7:54am

A little off topic trivia

Note the mention of Deutsche Bank, and silver bullion.

WWI Submarine Mail

By 1916, the German war effort was suffering under the weight of the Entente naval blockade, which had been in force since shortly after the outbreak of the war. Having been unsuccessful in its attempts to break the blockade, Germany decide to construct a class of unarmed cargo U-boats to serve as blockade runners. This class, the U-151 class, was originally to consist of seven boats, but only two, Deutschland and Bremen, were completed in accordance with the original specs. The remaining five were completed as heavily armed long-range U-boats.

The Deutschland and Bremen were built by the Deutsche Ozean-Reederei (German Ocean Shipping Company), a subsidiary of the Norddeutscher Lloyd (North German Lloyd) shipping company and the Deutsche Bank, which was created explicitly for this enterprise.

The Deutschland made two voyages to the U.S. In the summer of 1916, she delivered a cargo of chemical dyes, medical drugs, gems, and mail to Baltimore, Maryland, then returned to Bremerhaven with a cargo of nickel, tin, and crude rubber. In the fall of 1916, she delivered a cargo of gems, securities, and medicinal products to New London, Connecticut, and returned with a cargo of silver bullion. Before the Deutschland could embark on a third voyage, relations between Germany and the U.S. deteriorated significantly, so she was converted to an armed U-boat, the U-155.

The Bremen departed Bremerhaven in September 1916 for Norfolk, Virginia. She reportedly carried funds which were to be used to pay an American firm to build more cargo submarines for Germany. She never arrived in Virginia, and her fate remains unknown.

edit to add source link: More at

https://www.germanstamps.net/index.php/ship_post/1803/

Dr. P. Metals
Oct 2, 2014 - 12:40am

@frog

Now that's some funny stuff. Thanks for the humor!

treefrog
Oct 2, 2014 - 12:25am

he said... she said...

Dead Horse Theory: The tribal wisdom of the Indians, passed on from generation to generation, says that, “When you discover that you are riding a dead horse, the best strategy is to dismount.” However, in government, education, and in corporate America , more advanced strategies are often employed, such as:

1. Buying a stronger whip.

2. Changing riders.

3. Appointing a committee to study the horse.

4. Arranging to visit other countries to see how other cultures ride dead horses.

5. Lowering the standards so that dead horses can be included.

6. Reclassifying the dead horse as living-impaired.

7. Hiring outside contractors to ride the dead horse.

8. Harnessing several dead horses together to increase speed.

9. Providing additional funding and/or training to increase dead horse’s performance.

10. Doing a productivity study to see if lighter riders would improve the dead horse’s performance.

11. Declaring that as the dead horse does not have to be fed, it is less costly, carries lower overhead and therefore contributes substantially more to the bottom line of the economy than do some other horses.

12. Rewriting the expected performance requirements for all horses.

And of course….

13. Promoting the dead horse to a supervisory position.

Ozymandias
Oct 1, 2014 - 9:49pm

Unlike rl999 I am pleased with the service

from Provident Metals. I have placed 5 orders with them, some in low four figures and others in medium to high four figures, and they have always done what they said they would do. From your post it looks like they shipped your order in accordance with what they said they would do in their online procedures statements. My email from them this afternoon said my latest order had been shipped and UPS tracking confirmed all is as it should be. If I have a problem I will follow up with the board but so far they have been fine. I will agree that it seems like they could ship a little more quickly, but they tell you what to expect in that regard. If you don't want to accept their conditions I can certainly understand not wanting to order from them again but I personally don't want them to process your order ahead of mine just because your order is smaller.

What you do with the silver shot--just curious.

While talking about PM dealers I was able to place a limit order with Texas Precious Metals yesterday for a box of Silver Maples at $15.60 spot with a $2.00 per oz premium. I have placed one limit order with them before and it filled about a month later on a down spike that was very, very short lived. I guess I am just lucky because I have never had a PM deal go bad and have dealt with Provident, Gainesville, Texas Precious Metals and, get this, Tulving.

I'm not trying to catch the knife but I feel certain that 25 years from now my son and his family will be really happy to get my PMs assuming it doesn't all go to hell in a hand basket. If it does, then I have my stash. One item that was on the news in Houston was about an older couple where the man was pistol whipped and the safe was taken from their house last night at gun point. The safe had guns in it and not PMs but the result would have been the same with PMs. When the choice is having your family killed or giving them your safe, it is an easy choice. Having a safe just screams "I HAVE SOMETHING VALUABLE HERE" Better to operate on the dark.

Back to lurking and thanks to Turd and everyone.

Dr. P. Metals
Oct 1, 2014 - 5:44pm

The QE end before elections is interesting

one can create more than a couple reasons for that...none of which help the common man, or are good.

SilverSurfers
Oct 1, 2014 - 5:43pm

Fiddler on the Roof

Sure, end Q3, and the smack down, of course, but ....

Did anyone connect the dots between end of QE just before midterm elections, and how the smack down and QE drop should not be a real factor in the elections?

We all are being played .....

last two years of Obummer should be wild.

SilverSurfers
Oct 1, 2014 - 5:25pm

@nixy @Audi

Would not J.P. Morgan's lawsuit, if they filed one, open the door ....

warmer

better to sue the 'banks' under trade description law......

hotter

In order to take these bastards down in the bullion space, what is required is an HQ having lighting fast central communications to perfect an action by a commander, directing the action, using a single light speed brain, comprising:

1) A ruthless patent lawyer, who can easily comprehend system flows, including global bullion flows and internal business organization systems, knowing how to precisely define and explain them to lay judges and juries, and knows how to skirmish the goons in district court, knowing what causes of actions to bring and very importantly, in what venue, including plaintiff and expert definitions;

2) An electronic engineer, who can readily understand market feed back loops, front running market signaling and electronic software means for HFT, and graphic design capability for displays for ease of understanding;

3) A geopolitical analyst, who understand how the paper currencies are racing to the bottom, and the motivation to sustain the free chit army for cementing political power enabling the ponzi scheme that enslaves us all as tax mules, perpetual debtors, and dependents;

4) A bullion market analyst, who understand market forces, TA analysis, painting of tape, and has years of experience analyzing the bullion action; and

5) A military scientist, who understand how to organize a team, recruit the right legal team and delegate responsibilities to accomplish the take down of all time.

There is only 1 person in this world presently known to have such 5 qualifications.

Unfortunately, the bullion yakity-yak cows with means dont cross-dimension sufficiently.

silver66
Oct 1, 2014 - 3:39pm

dragonfly5-- Ford Canada

duplicate

Sorry

Silver66

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

silver66
Oct 1, 2014 - 3:38pm

dragonfly5-- Ford Canada

Very good point. Had a client in the office and he pointed out the same info.140 million or so for 1000 jobs. I guess I was trying to be positive and glass is half full this morning when I read the headline.

Silver66

Stack til it hurts and you can be the force of goodness in the world if you choose. How is that for a new handle

audi
Oct 1, 2014 - 3:10pm

Just wandering...

Would not J.P. Morgan's lawsuit, if they filed one, open the door for us to

finally get to their files in regards to their silver trades???

Audi.

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