Ted Butler finally fucking gets it! I tried to tell him the connection 3-4 years ago, and he wouldn't listen as evidenced in his writings. He has to eat crow now.
I got this today from GATA:
Dear Friend of GATA and Gold:
In commentary from his proprietary newsletter published at GoldSeek's companion site, SilverSeek, silver market analyst Ted Butler realizes that JPMorganChase's overwhelming short position in silver is essentially a U.S. government operation under the supervision of the President's Working Group on Financial Markets, of which the chairman of the U.S. Commodity Futures Trading Commission, Gary Gensler, whose commission supposedly has been investigating the silver market for years, is a member. Butler's commentary is headlined "A Few Questions, One Answer," and it's posted at SilverSeek here:
The first paragraph reads as:
"Please read this article carefully because I’m disclosing for the first time that the U.S. government has given JPMorgan the green light to manipulate the silver market. This fact explains the shenanigans in the silver market. It answers all the questions and exposes this tawdry affair for all to see."
Ted backs up my assertion that assuming ceteris paribus, silver will not go up over $30/50 until about April NEXT YEAR, and I still stand by that. I hope I'm proven wrong.
Coin shops, people. Clear them out!