Post by jeffolie on Jul 24, 2012 13:19:50 GMT -6
Why hold metals: gold, silver do not rise
Below are 2 silver gurus: stagnate silver, govt delays
Both are judgemental views that the govt and its agencies have and will continue to suppress silver's price. I agree.
What would change this?
my jeffolie view: a change in politics.
1. If the coming Dollar crisis results in politics changing to support a metals based currency.
2. If the coming Dollar crisis results in a near revolution against 'establishment politics'.
Will the govt even after a Dollar crisis lift suppression of metals?
my jeffolie view is yes but I give it just a 60% chance, better than even odds. Why? Because, paper currencies are the entrenched methods of governments. Then, you might ask: why hold metals? my jeffolie view is that metals will retain some value after the crisis that if one has them in their possesion, then post crisis one could get a fair value for them while paper accounts will evaporate and/or be taxed significantly; even so, metals may also be taxed significantly or even restricted in ways during the long transition, depression following the Dollar crisis.
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CFTC's Chilton expects silver investigation to finish by October
A four-year probe of potential price manipulation in the silver market may be completed as early as September, according to Bart Chilton, a member of the U.S. Commodity Futures Trading Commission.
"I am hopeful and expect the silver investigation to conclude in the not-too-distant future, hopefully in September or October," Chilton, a 52-year-old Democrat, said in an e-mail. "It has already taken way too long."
The enforcement division of the Washington-based agency, the main U.S. overseer of derivatives markets, began pursuing allegations of manipulation in the silver market in September 2008. Investigators have analyzed more than 100,000 documents and interviewed dozens of witnesses, the CFTC said in a November 2011 statement.
We are coming up on the fourth anniversary of this govt lack of improving the metals markets... www.bloomberg.com/news/2012-07-23/cftc-s-chilton-sees-silver-probe-concluding-this-year.html
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Ted Butler: The War on Silver
It has taken more than 25 years for me to fully comprehend a conclusion that I never wanted to reach, namely, that there is an organized war against the price of silver that has come to include the US Government. I think the US Government involvement came into being almost accidently, but even if it was an accident of sorts, that does not diminish the serious nature of what must be described as illegal activity at the highest levels. I am conflicted between feelings of sadness and outrage.
Starting around 1985, I became convinced that the price of silver was being manipulated by collusive and concentrated short selling by certain commercial entities on the world’s leading precious metals commodity exchange, the COMEX. Having a background in futures trading going back to 1972, it dawned on me that the concentrated and orchestrated short selling was dominating and, therefore, manipulating the price of silver.
The very first thing I did after this discovery was to petition the regulators at the CFTC and the COMEX to alert them to the existence of the most serious market crime possible. My petitions fell on deaf ears but I continued to petition them through the present. Since this was in the pre-Internet era, I was limited in convincing others of the silver manipulation due to distribution restrictions. Communication was very different 25 years ago.
This story was sent out to his paying subscribers last Wednesday...and Ted felt it important enough to put up in the public domain ... posted over at the silverseek.com Internet site ... www.silverseek.com/commentary/war-silver
Below are 2 silver gurus: stagnate silver, govt delays
Both are judgemental views that the govt and its agencies have and will continue to suppress silver's price. I agree.
What would change this?
my jeffolie view: a change in politics.
1. If the coming Dollar crisis results in politics changing to support a metals based currency.
2. If the coming Dollar crisis results in a near revolution against 'establishment politics'.
Will the govt even after a Dollar crisis lift suppression of metals?
my jeffolie view is yes but I give it just a 60% chance, better than even odds. Why? Because, paper currencies are the entrenched methods of governments. Then, you might ask: why hold metals? my jeffolie view is that metals will retain some value after the crisis that if one has them in their possesion, then post crisis one could get a fair value for them while paper accounts will evaporate and/or be taxed significantly; even so, metals may also be taxed significantly or even restricted in ways during the long transition, depression following the Dollar crisis.
================================
CFTC's Chilton expects silver investigation to finish by October
A four-year probe of potential price manipulation in the silver market may be completed as early as September, according to Bart Chilton, a member of the U.S. Commodity Futures Trading Commission.
"I am hopeful and expect the silver investigation to conclude in the not-too-distant future, hopefully in September or October," Chilton, a 52-year-old Democrat, said in an e-mail. "It has already taken way too long."
The enforcement division of the Washington-based agency, the main U.S. overseer of derivatives markets, began pursuing allegations of manipulation in the silver market in September 2008. Investigators have analyzed more than 100,000 documents and interviewed dozens of witnesses, the CFTC said in a November 2011 statement.
We are coming up on the fourth anniversary of this govt lack of improving the metals markets... www.bloomberg.com/news/2012-07-23/cftc-s-chilton-sees-silver-probe-concluding-this-year.html
==============================
Ted Butler: The War on Silver
It has taken more than 25 years for me to fully comprehend a conclusion that I never wanted to reach, namely, that there is an organized war against the price of silver that has come to include the US Government. I think the US Government involvement came into being almost accidently, but even if it was an accident of sorts, that does not diminish the serious nature of what must be described as illegal activity at the highest levels. I am conflicted between feelings of sadness and outrage.
Starting around 1985, I became convinced that the price of silver was being manipulated by collusive and concentrated short selling by certain commercial entities on the world’s leading precious metals commodity exchange, the COMEX. Having a background in futures trading going back to 1972, it dawned on me that the concentrated and orchestrated short selling was dominating and, therefore, manipulating the price of silver.
The very first thing I did after this discovery was to petition the regulators at the CFTC and the COMEX to alert them to the existence of the most serious market crime possible. My petitions fell on deaf ears but I continued to petition them through the present. Since this was in the pre-Internet era, I was limited in convincing others of the silver manipulation due to distribution restrictions. Communication was very different 25 years ago.
This story was sent out to his paying subscribers last Wednesday...and Ted felt it important enough to put up in the public domain ... posted over at the silverseek.com Internet site ... www.silverseek.com/commentary/war-silver