Captain's Quarters

[JD400]

Ted Butler: No manipulation after all?
Submitted by cpowell on Thu, 2018-02-15 15:42. Section: Daily Dispatches

10:46a ET Thursday, February 15, 2018

Dear Friend of GATA and Gold:

Silver market rigging whistleblower Ted Butler today lays out the overwhelming evidence that a single entity long has been rigging the silver market, and then raises the question of why the market regulatory agencies do nothing about it.

Here's a possible answer: Regulators ignore the market rigging because the entity doing it is acting as agent for the U.S. government, which is fully authorized by federal law, the Gold Reserve Act of 1934 as amended in the 1970s, to intervene secretly in and to rig any market in the world:

https://www.treasury.gov/resource-center/international/ESF/Pages/esf-ind...

Indeed, at a hearing in November 2001 in U.S. District Court in Boston in GATA's federal lawsuit against the U.S. government and the Bank for International Settlements, a lawyer for the government essentially conceded as much:

http://www.gata.org/node/4211

Butler's commentary is headlined "No Manipulation After All?" and it's posted at GoldSeek's companion site, SilverSeek, here --

http://silverseek.com/commentary/no-manipulation-after-all-17103

-- and at 24hGold here:

http://www.24hgold.com/english/news-gold-silver-no-manipulation-after-al...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
[e-mail]