Has anyone been reading Ted Butler's view on the CFTC/silver manipulation thing?
However, "David from Denver" had to say on this:
"As you know, I've have believed all along that Ted Butler is and has been irrational - almost insane - with his hope the CFTC will eventually enforce the law and go after JPM for silver manipulation. His latest commentary reflects this irrational hope.
In his commentary he opined that behind the scenes JPM must be under some sort of regulatory/legal heat with regard to their Comex silver short/trading. I disagree. That CNBC stunt was nothing more than a publicity stunt for JPM. If anything, they have funded an education and recruiting resource that will train future manipulators how to trade commodities.
The CFTC will NEVER go after JPM on this issue. NEVER. That has been crystal clear ever since the first inquiry by the CFTC on JPM's silver trading/positions. Now there have been THREE and the CFTC does nothing.
Someone should point out the facts of MF Global to Butler and make sure that he understands them. If he truly grasps what has happened there, then he'll understand that NO ONE in any part of the Government will EVER initiate action to stop JPM."
I have to agree with David on this more than Ted Butler. I have read ALL of Ted Butler's public work in the early days and what was released to the public after he went private. I feel there are a few things at play here. He's been doing this for longer than anybody on the silver situation, he can't accept the possibility that the government is co-opted by the financial powers of this planet, especially the CFTC, and he's gettin' older (meaning he's afraid he won't live to see silver explode to $8,000 (as Bix Weir believes)). The day that silver "corrects" up to $8,000 might be the day that the Internet goes down, there is no gasoline, no electricity, and no food. Then TPTB would be ferreted out so fast nobody would know what happened to them until the 22nd century (look at the Bolshevik revolution). So... It looks like the gold/silver markets are being "managed upward" to minimize the damage to everyone. At the end of this 40-year experiment, they are trying to move us CAREFULLY back to gold and silver, as the cat's out of the bag.