Meet The New Boss, Same As The Old Boss?

[webmaster]

Subject:Meet The New Boss, Same As The Old Boss?
By: Theodore Butler

Overview: Because market manipulation is the number one priority of the CFTC, any revelation that they might be investigating a manipulation in any commodity is big news. So big, in fact, that such investigations are almost always kept strictly confidential while the facts are determined. This is usually so as not to disturb the market. That the CFTC has chosen to openly reveal this silver investigation is almost unprecedented.

Link: http://news.silverseek.com/TedButler/1222712899.php

[duneyman]

I have been reading about manipulation on the COMEX for many years now and as for a wholesale shortage of silver Ted has been predicting it for well over seven years but it never seems to happen. I will still hold whatever silver I have but it may take a while longer for the explosion.


Bill

[thowze]

I am nowhere near as knowledgable at Theodore Butler and have learned much from his articles, but when he says that this CFTC investigation may end up the same as before, I am thinking that CFTC is serious on this one. As I write this on September 29th after the House voted down the bailout package and the Dow dropped 778 points which is the most ever, I noticed two things by the end of the day while watching Bloomberg.

1. The silver price barely moved even when gold was shooting up as much as $34.00 an ounce, and still showed a loss on the day.

2. I saw that the paper price on gold was $894 an ounce but the spot was $906.

There is still a lot of confusion and bewilderment in the marketplace right now, but maybe there are serious things taking place in the PM futures market that are causing these two events to take place. And maybe Bloomberg needs to adjust the tape for commodities. Anyway it is just a thought.