http://w3w.silverseek.com/commentaries/rss/111 Goldseek Commentaries en The Annual Silver Surveys http://w3w.silverseek.com/commentary/annual-silver-surveys-17634 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Yes, I know that we have been in this same setup on past occasions too numerous to count and each and every time JPMorgan has added to its silver short position, causing the rally to be capped and eventually unwound. And yes, I know I have repeated my refrain on each and every past setup. And I do so again today, knowing full well that it can go either way. But I also know it is what can be called an asymmetrical equation. That’s a fancy term for saying that on the next rally, silver can go up relatively little (as has always been the case these past several years) or it could shock people by going up a disproportionate amount. Of course, silver prices could also continue to drift lower, but that would only be temporarily, according to all that is known about market structure. But this isn’t about anything except what JPMorgan does or does not do. Given the setup, there is only one way to play it as far as I’m concerned – as if JPMorgan won’t add to shorts and this is the big one, for the simple reason it will be easy to adjust to if it isn’t the big one and near-impossible to adjust to if it is. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, April 22nd</span> </div> </div> </div> <p><!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG/> </o:OfficeDocumentSettings> </xml><![endif]--><!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:view> <w:Zoom>0</w:zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:saveifxmlinvalid> <w:IgnoreMixedContent>false</w:ignoremixedcontent> <w:AlwaysShowPlaceholderText>false</w:alwaysshowplaceholdertext> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:lidthemeother> <w:LidThemeAsian>X-NONE</w:lidthemeasian></w:donotpromoteqf/></w:validateagainstschemas/></w:punctuationkerning/></w:trackformatting/></w:trackmoves/></w:worddocument></xml></p><p><a href="http://w3w.silverseek.com/commentary/annual-silver-surveys-17634" target="_blank">read more</a></p> Mon, 22 Apr 2019 18:58:00 +0000 Theodore Butler 17634 at http://w3w.silverseek.com Confirmation, Outrage and Disgust http://w3w.silverseek.com/commentary/confirmation-outrage-and-disgust-17622 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> A recent interview with former CFTC Commissioner Bart Chilton nearly knocked me off my feet because it confirmed what I have alleged, starting more than 12 years ago. I’ll include the interview later, but first I will set the background of the subject and timeline in order put Chilton’s words into the proper perspective. The subject is JPMorgan’s manipulation of the silver market. The timeline is important because Chilton does misstate some facts that need to be corrected. I’m not a big fan of articles that include lots of links to past articles, but in this case it’s unavoidable. Shortly after Bart Chilton took office as a commissioner in August 2007, he began to make public speeches in which he asserted that the CFTC was no regulatory pushover, like Barney Fife on the “Andy Griffith Show” but more like Elliot Ness or James Bond and that the agency was a tough cop on the beat. I assumed Chilton was genuine in his faith in the agency, but since he was brand new to commodity regulation I was sure that he was unaware of my allegations to the agency over the prior 20 years about a silver manipulation due to a concentrated short position on the COMEX. So I wrote to him.. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, April 4th</span> </div> </div> </div> <p><span style="font-size: medium; line-height: 107%; color: #000000; font-family: georgia, palatino;">A recent interview with former CFTC Commissioner Bart Chilton nearly knocked me off my feet because it confirmed what I have alleged, starting more than 12 years ago. I’ll include the interview later, but first I will set the background of the subject and timeline in order put Chilton’s words into the proper perspective. The subject is JPMorgan’s manipulation of the silver market. The timeline is important because Chilton does misstate some facts that need to be corrected.</span></p><p><a href="http://w3w.silverseek.com/commentary/confirmation-outrage-and-disgust-17622" target="_blank">read more</a></p> Thu, 04 Apr 2019 15:17:15 +0000 Theodore Butler 17622 at http://w3w.silverseek.com On The Hot Seat http://w3w.silverseek.com/commentary/hot-seat-17609 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Jim Cook Interviews Ted Butler Q: A minor analyst recently remarked that he didn’t believe any of the claims you make about market manipulation and called it conspiratorial stuff. What do you say about that? A: That’s the main reason my arguments have never caught on in a big way. Nobody wants to be associated with a conspiracy. However, I draw my conclusion from government data like the Commitment of Traders report and the Bank Participation report. There’s nothing conspiratorial about the data and my conclusions are factual. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, March 21st</span> </div> </div> </div> <p class="MsoNormal" style="text-align: center; mso-line-height-alt: 1.0pt;" align="center"><em><strong><span style="color: #000000;">&nbsp;<span style="font-size: 12.0pt; mso-bidi-font-size: 11.0pt; font-family: 'Times New Roman',serif; mso-fareast-font-family: Calibri;">Jim Cook Interviews Ted Butler</span></span></strong></em></p><p><a href="http://w3w.silverseek.com/commentary/hot-seat-17609" target="_blank">read more</a></p> Fri, 22 Mar 2019 01:10:38 +0000 Theodore Butler 17609 at http://w3w.silverseek.com Mr. Butler's Silver Newsletter - Icing on the Cake http://w3w.silverseek.com/commentary/mr-butlers-silver-newsletter-icing-cake-17584 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Silver analyst Theodore Butler writes a twice weekly newsletter on precious metals. Only a few people get to read this important newsletter. I’ve been talking to Ted about releasing one full issue for people to read. It’s important for investors to see the scope of his analysis. Mr. Butler has been a paid consultant to my company Investment Rarities for almost 20 years. I can vouch for his absolute integrity and his cautious approach in analyzing silver and gold. He relies on evidence and facts in arriving on his conclusions. He analyzes every known fact about silver and his knowledge of the silver market is unsurpassed. It’s no exaggeration to call him a silver genius. He has agreed to release the following current newsletter which gives insight into the thoroughness of his approach. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, February 21st</span> </div> </div> </div> <p><span style="color: #000000;">MR. BUTLER’S SILVER NEWSLETTER</span><br /><span style="color: #000000;">By <strong>James Cook</strong></span><br /></p><p><a href="http://w3w.silverseek.com/commentary/mr-butlers-silver-newsletter-icing-cake-17584" target="_blank">read more</a></p> Thu, 21 Feb 2019 19:42:49 +0000 Theodore Butler 17584 at http://w3w.silverseek.com A New Silver Issue for the Justice Department http://w3w.silverseek.com/commentary/new-silver-issue-justice-department-17579 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> It’s now been four months since the US Department of Justice secured a criminal guilty plea from the former trader from JPMorgan for spoofing and manipulating precious metals prices on the COMEX and three months since that plea was unsealed. In its announcement on Nov 6, the Justice Department made it clear that it was engaged in an ongoing investigation into COMEX precious metals trading by no less than three of its important divisions; the Criminal Division, the Federal Bureau of Investigation (FBI), and the US Attorneys Division. Here’s a link for the organization chart for the DOJ – </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, February 14th</span> </div> </div> </div> <p class="MsoNormal"><span style="font-size: 12pt; line-height: 107%; color: #000000;">It’s now been four months since the US Department of Justice secured a criminal guilty plea from the former trader from JPMorgan for spoofing and manipulating precious metals prices on the COMEX and three months since that plea was unsealed.</span></p><p><a href="http://w3w.silverseek.com/commentary/new-silver-issue-justice-department-17579" target="_blank">read more</a></p> Thu, 14 Feb 2019 20:40:52 +0000 Theodore Butler 17579 at http://w3w.silverseek.com Jim Cook Interviews Ted Butler http://w3w.silverseek.com/commentary/jim-cook-interviews-ted-butler-17578 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Theodore Butler writes a $400 newsletter on silver. He is considered by many to be the world’s foremost authority on silver. Eighteen years ago he predicted that silver would go up ten times, which it did. We caught up with him at his home in Florida. Q: As the world’s leading silver bull, are you expecting fireworks in silver? A: More so than ever. Q: You know of course that a lot of people who own silver have grown impatient. What do you say to them? A: I feel the same impatience, however my expectations are based upon an extremely bullish set of facts. Impatience has nothing to do with it. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Wednesday, February 13th</span> </div> </div> </div> <p><span style="color: #000000;">Theodore Butler writes a $400 newsletter on silver. He is considered by many to be the world’s foremost authority on silver. Eighteen years ago he predicted that silver would go up ten times, which it did. We caught up with him at his home in Florida.</span><br /><br /><span style="color: #000000;">Q: As the world’s leading silver bull, are you expecting fireworks in silver? </span><br /><span style="color: #000000;">A: More so than ever. </span><br /></p><p><a href="http://w3w.silverseek.com/commentary/jim-cook-interviews-ted-butler-17578" target="_blank">read more</a></p> Wed, 13 Feb 2019 19:37:02 +0000 Theodore Butler 17578 at http://w3w.silverseek.com Questions Only the DOJ Can Get Answered http://w3w.silverseek.com/commentary/questions-only-doj-can-get-answered-17543 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Reasonable questions should be answered reasonably. When such questions cannot be answered reasonably or at all, particularly by those with a responsibility for answering, something is wrong. A good number of such questions remain unanswered in silver and those not providing answers include the federal commodities regulator (the CFTC), the designated self-regulator (the CME Group), as well as the most important bank in the US, JPMorgan. What constitutes a reasonable question in silver? I would define questions to be reasonable if they encompass occurrences known to be unprecedented either in silver or in any other market and in which the questions have been repeatedly asked, yet remain unanswered. To be sure, there are several such unanswered questions in silver that date back as long as a decade; each one of which stands out in terms of potential significance, but taken together point to something being seriously out of kilter in the silver market. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, January 10th</span> </div> </div> </div> <p class="MsoNormal"><span style="font-size: 10pt; line-height: 107%; font-family: Verdana, sans-serif; color: #000000;">Reasonable questions should be answered reasonably. When such questions cannot be answered reasonably or at all, particularly by those with a responsibility for answering, something is wrong. A good number of such questions remain unanswered in silver and those not providing answers include the federal commodities regulator (the CFTC), the designated self-regulator (the CME Group), as well as the most important bank in the US, JPMorgan.</span></p><p><a href="http://w3w.silverseek.com/commentary/questions-only-doj-can-get-answered-17543" target="_blank">read more</a></p> Thu, 10 Jan 2019 13:30:59 +0000 Theodore Butler 17543 at http://w3w.silverseek.com Silver Scandal http://w3w.silverseek.com/commentary/silver-scandal-17492 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> A few follow up comments about the still rather remarkable announcement by the Department of Justice concerning the guilty plea by the former JPMorgan trader for spoofing in precious metals. Contained in the announcement was the statement that the guilty plea was accepted and sealed on Oct 9, nearly a month before it was unsealed on Nov 6. With a rather short sentencing date approaching on Dec 19, and the time it took to unseal the plea, it may be assumed that the trader has already fully cooperated in the hopes of reducing his jail time, said to approach 30 years with no cooperation. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, November 26th</span> </div> </div> </div> <p class="MsoNormal" style="text-align: justify; margin: 0in 0in 0pt; line-height: normal;"><span style="font-size: 10pt; font-family: 'Verdana', sans-serif; color: #000000;">A few follow up comments about the still rather remarkable announcement by the Department of Justice concerning the guilty plea by the former JPMorgan trader for spoofing in precious metals. Contained in the announcement was the statement that the guilty plea was accepted and sealed on Oct 9, nearly a month before it was unsealed on Nov 6.</span></p><p><a href="http://w3w.silverseek.com/commentary/silver-scandal-17492" target="_blank">read more</a></p> Mon, 26 Nov 2018 19:07:15 +0000 Theodore Butler 17492 at http://w3w.silverseek.com A Crack in the Dike? http://w3w.silverseek.com/commentary/crack-dike-17474 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> All it would take for the DOJ to see the real market manipulation is to step back a bit and consider things in a slightly different perspective. Yes, by all means continue to go after the spoofers, but try to consider that spoofing is only a tool that enables a much deeper price manipulation run by JPMorgan. As much as I am trying to not to get my hopes up that the DOJ might stumble upon the real crime in silver and gold, I do confess to sensing a slight crack in the dike. Coupled with other things, like JPMorgan having now accumulated more physical silver and gold than I could ever have imagined a few short years ago and the incredible physical movement in and out of the COMEX-approved silver warehouses, it’s hard for me to see how there won’t be a resolution of the ongoing price manipulation in the immediate future. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, November 8th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="font-size: 10pt; font-family: 'Verdana', sans-serif; line-height: 107%; color: #000000;">Tuesday’s announcement by the Department of Justice of a guilty plea by a former trader of JPMorgan for systemic “spoofing” and price manipulation of gold, silver, platinum and palladium traded on the COMEX and NYMEX futures exchanges (owned by the CME Group) sure seemed like a very big deal to me for a number of reasons.</span></p><p><a href="http://w3w.silverseek.com/commentary/crack-dike-17474" target="_blank">read more</a></p> Thu, 08 Nov 2018 14:31:43 +0000 Theodore Butler 17474 at http://w3w.silverseek.com Mysterious Metal Movement http://w3w.silverseek.com/commentary/mysterious-metal-movement-17457 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> The hit movie from 1996, “A Time to Kill”, based upon the novel by John Grisham, had an all-star cast, including Matthew McConaughey, Samuel Jackson, Sandra Bullock, Kevin Spacey and Donald and Kiefer Sutherland among others. It concerned the rape and beating of a young black girl in the racially-divided rural Deep South, the subsequent killing by her father of the two white rapists and the trial that followed the father’s killing of the rapists. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, October 25th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="font-size: 10pt; font-family: 'Verdana', sans-serif; line-height: 107%; color: #000000;">The hit movie from 1996, “A Time to Kill”, based upon the novel by John Grisham, had an all-star cast, including Matthew McConaughey, Samuel Jackson, Sandra Bullock, Kevin Spacey and Donald and Kiefer Sutherland among others.</span></p><p><a href="http://w3w.silverseek.com/commentary/mysterious-metal-movement-17457" target="_blank">read more</a></p> Thu, 25 Oct 2018 13:17:28 +0000 Theodore Butler 17457 at http://w3w.silverseek.com