Dear Friend of GATA and Gold (and Silver):
Silver market analyst Ted Butler comments tonight on the long silence among the U.S. Commodity Futures Trading Commission, the New York Commodity Exchange's owner, and J.P. MorganChase about the increasing number of complaints of manipulation of the silver market. Butler figures that anyone in authority who talks openly about the issue risks exploding the market. His commentary is headlined "Mum's the Word" and you can find it at GoldSeek's companion site, SilverSeek, here:
http://news.silverseek.com/SilverSeek/1277129806.php
"Finally, there are still credible whispers of a pending major silver lawsuit. No one knows what market impact such a suit, if it is filed, may have. We have no experience with a lawsuit being filed in an active manipulation. Given the unprecedented circumstances of the active silver manipulation, my sense is that the market impact of a silver lawsuit could be greater than many would expect. There’s no way of knowing exactly when or what will be the specific trigger that ends the manipulation and sets off the price of silver. Just know that the manipulation will be ended and the price will be set off."
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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