Ted Butler is a smart guy, but what he fails to see is that CFTC regulator Bart Chilton is a plant, put in his position merely to appease the watch dogs. Meanwhile, CFTC Chairman Gary Gensler and his minions continue to look the other way as the silver price manipulation continues unabated. The other CFTC commissioners are mouthpieces for the CME and the very firms they are supposed to regulate.
While Butler believes Chilton to be one of the "good guys", Butler doesn't realize that Chilton is more likely a double agent undermining Butler's futile attempts to expose the ongoing silver price suppression at the COMEX.
Memo to Ted: you constantly deride the public for burying their heads in the sand on the market-rigging tactics in the commodities exchanges. It's time for you to recognize that you've been sleeping with the enemy.
Memo to the public: avoid paper trading of precious metals contracts--Butler is correct in that assessment. But don't expect our government regulators to help rectify the crimes in progress--they are in on it, because rising precious metals prices expose the Fed's reckless currency debasement campaign. You're better off buying physical gold and silver instead. This will counteract the bullion banks' paper naked shorting shenanigans.
http://www.silverseek.com/commentary/my-worst-fear-8306
Monday, December 17, 2012
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I have to post as anonymous as other selections aren't functioning. Ted's worst fear is the CFTC doesn't understand? That's a miniscule fear! The worst event in PM's ever was the grab by Roosevelt, 1933-1937 of gold/silver. It's detailed at www.nosilvernationalization.org companion site of www.silverstealers.net
ReplyDeleteChilton's granddad had a chemical lab at DuPont named for him (Silver Users Association member!)