Another Sick New Record

[webmaster]

Subject:Another Sick New Record
By: Theodore Butler

Overview: The engineered sell-off of gold and silver by the big commercial shorts continued over the past week. However, there were decidedly mixed results in the dealers’ attempt to force speculative long liquidation in each market, even though gold declined almost $50 and silver $1.20 in the latest reporting week (ended Tuesday).

Link: http://news.silverseek.com/TedButler/1210018234.php

[mls56]

Originally Posted by webmaster

Subject:Another Sick New Record
By: Theodore Butler

Overview: The engineered sell-off of gold and silver by the big commercial shorts continued over the past week. However, there were decidedly mixed results in the dealers’ attempt to force speculative long liquidation in each market, even though gold declined almost $50 and silver $1.20 in the latest reporting week (ended Tuesday).

Link: http://news.silverseek.com/TedButler/1210018234.php

After reading Ted's views, then the case of the Mints crazy actions, this is the time to follow Teds advice! If nothing has been reported on this by 5/6/08, at 2.30PM EST, all should contact the right agency, plus members of Congress, use good maners, but be up front, for we have the numbers, and the more that flood the system, they will have to act, or the Radio, local news & what other means, to stop this madness. Good Luck, tto all.

[brojiml]

I'm not familiar with some of the commodities futures trade jargon so I have to ask if SLV and/or GLD are too risky and should be sold when _________ happens? Will these funds not be able to pay out in dollars if they can't make physical delivery in the immediate future?
How are SLV & GLD linked to the short holders? Don't SLV & GLD control actual reserves of specie which I thought was their business plan?

Thanks for your patience dear reader.

[peri1224]

...I sit amazed every day that this is allowed to exist. I honestly don’t understand why the regulators and informed market observers are not making a big deal about it...

That is very easy to understand, my friend. The foxes have the key to the henhouse, and as long as that continues they will keep coming. More so that the "guard dogs" have long been subverted and are under the foxes' total control. If you can understand complex things like the entire silver market, what is there not to understand about this simple, albeit massive case of corruption and and old fashioned tyranny?

[pkrebaum]

...I sit amazed every day that this is allowed to exist. I honestly don’t understand why the regulators and informed market observers are not making a big deal about it...

If you're not part of the solution then you're part of the problem. The CTFC is in cahoots with the shorts. Realizing this may be "innocence lost" for Ted, but after so much continued manipulation for so many years...... I'm afraid it is the only logical conclusion left. The only thing left to do now is to discover and document the power or money trails between our foxes and hens so that proper charges of corruption may be filed in a court of law.
This thing won't end until we start putting people in jail.

[Kelly]

This thing won't end until we start putting people in jail.

Amen! Write those letters! And remember don't speak in terms of "speculation," use phrases like "price fixing" and "manipulation." They say letters of 250 words and under are the most effective. I'm so long winded that's harder than heck for me to do, so I am going to try to practice 250 word letters this week. Also, will be writting Butler to see if he will not compose a letter that we can use to alert the media.

And remember, it's okay to gripe about price fixing in the food and oil commodity sector too because the evidence to date indicates that the same cartel that is manipulating silver and gold down is also working to manipulate the price of basic needs up. Attack from all fronts. This is war!

You guys are great!

[the_moonbeam]

I'm so new to this Silver "game" that my umbilical cord hasn't even fallen off yet. Can I ask some questions ? I've bought silver over the years, just because I like it (and because gold is too expensive.) Every chance I get (like income tax refund, or when my small savings account gets larger than I'd like it to be) I buy eagles or maples, or loose silver coins. I've been doing it for about 12 years. I never cared much about the price...I just figured over the years it would increase, more-so than if I had my money in a savings account.

I started to read these posts, and am bewildered by some of the terms: "shorts" - "long" - "manipulation" - "COT" - etc. For a simple mind, is this what I'm reading:

A group of silver giants are manipulating the market by selling off a lot of silver (paper, I'd assume) when the price gets too high, thereby moving the price back down. Then, their "friends" buy back the silver at the lower price (I assume "shorts") so that they keep the silver amongst themselves. They rotate who buys and sells so that everyone in the group just offsets their loses by the gains when it's their turn to buy at the lower price. Is this how it works ?

I'll still buy silver, even if the price falls back to $5.00, or whatever (but I doubt that that will ever happen based on the industrial use of silver), so these "games" will not affect my buying patterns. However, it's just interesting to hear the discussions, without a real understanding about what's happening. Can someone give me a quick education, at the new-born level ?

[mls56]

Originally Posted by Kelly

Amen! Write those letters! And remember don't speak in terms of "speculation," use phrases like "price fixing" and "manipulation." They say letters of 250 words and under are the most effective. I'm so long winded that's harder than heck for me to do, so I am going to try to practice 250 word letters this week. Also, will be writting Butler to see if he will not compose a letter that we can use to alert the media.

And remember, it's okay to gripe about price fixing in the food and oil commodity sector too because the evidence to date indicates that the same cartel that is manipulating silver and gold down is also working to manipulate the price of basic needs up. Attack from all fronts. This is war!

You guys are great!

As soon as you get the correct form to use, post it, also think of as many ways to get all the Small investers informed, also local radio, (TV TIPS news),Congress, Ted had a form, that detailed how to draft a great letter.I am late for pre-admission test, be back on line, after 7pm CST, Gods, speed

[pkrebaum]

Unfortunately, the corporate media are controlled by the same people that control the cartels. Gold and silver are scarcely mentioned in the financial news sector because all the advertising is paid for by the Street's investment firms, ... gold and silver are their competition. We'll probably have to buy space in the WSJ to have our voices heard, just as GATA was forced to do.

I'd suggest bringing our case to the alternative media..... my first choice would be "The Nation", followed by "The Progressive" and "Mother Jones".
Our local progressive radio station (WCPT Chicago) is always advertising for the "Own Gold!!!" folks..... perhaps Air America or the Jones Network would be interested. Lastly, a short, instructional video stating our case could be put up on U-Tube or sent to Go Left T.V.

There's a lot of effort to paint those of us inside the "silver blogosphere" as kooks, it's going to take evidence, persuasive arguments, clear explanations (most of the people I know can't wrap their minds around the concept of a "short", let alone explain how shorting works or how to profit from it) and a lot of work to take us from "our world" to the alternative media and then to the mainstream media.

If we have to buy space in the WSJ, put me in for a few Maple Leaves.

Oh, and for the person who just posted about not understanding shorting, the online site "Investopedia" has a lot of good definitions. I have to admit that I have trouble with it too... I read the definition and everything is crystal clear.... for about five minutes ...and then it starts to fuzzify. The easiest thing to remember is that a "short" is the opposite of a "long".

[Kelly]

I posted this on another thread but I'll post it here too, so you don't have to go searching around to find links. If you go to

http://www.congress.org/congressorg/home/

and look in the left hand column, you'll see a tab called "Media Guide." You can click on it, and then click on your state, (or any state) and find the e-mail listings for every newspaper, TV station and radio station in any state. This is an outstanding resource and will save a bundle of time in trying to hunt things down. You can also contact your congressmen at the same website, look at the voting records of your senators or representatives, find out what bills are up for a vote before congress and all sorts of things. It's just a great site.

Here are a couple more addresses to e-mail

https://tips.fbi.gov/ - report suspected commodities price fixing to FBI
enforcement@sec.gov – report suspected commodities price fixing to SEC

For newbies who want to learn more about the way silver and gold is being manipulated, you'll learn a lot by going through the articles at the following sites...

http://news.silverseek.com/TedButler/

http://www.gata.org/

Pkrebaum makes a good point too. Bringing what is going on to the attention of online alternative media groups is an excellent idea. News travels like wildfire over the net. However, major media sources like CNN, ABC, NBC etc. absolutely have been discussing "speculation in the commodities market" of late and there is already considerable suspicion that oil and food prices are being driven up on purpose, so don't be afraid to build on that idea. Congress is already concerned about the commodities market, so this really is the time to hit 'em hard now.

And don't forget the radio talk shows! Those folks reach millions of people.

"Evidence" is hard to come by simply because the huge Hedge funds, where most of the commodity trading goes on, are some of the most secretive financial entities on earth today. About the only proof we have right now is our observances of what is happening to the market, and a basic knowledge of how a cartel of huge hedge funds who are paper trading shorts can work together to keep the market depressed. It's going to take a full board investigation by the SEC, FBI and CFTC in order to have proof, and that is one reason why it's important to write to our senators and representatives demanding an open and public investigation of the commodities markets. If we are successful, the senate in turn will force the SEC to investigate, and there will be an oversight committee making sure things are above board. Unless we can push hard for an open and public investigation, our chances of putting those responsible in jail where they belong are really pretty slim.