We've been waiting to see what Ted Butler had to say about the recent CFTC report regarding the extreme short positions being held by a few of the banks in the silver market. And here it is.
By the way, if you have never read it, James R. Cook has written a novel titled Full Faith and Credit: A Novel of Financial Collapse that is a good read especially while you are on vacation this summer, while traveling on a plane or in a car or at the beach, as it is well told, interesting, and the storyline is straightforward.
Ted Butler Interview Regarding the Silver Manipulation Report by the CFTC
By: Theodore Butler & James R. Cook
Cook: The Commodity Futures Trading Commission just issued a staff study that finds no evidence of market manipulation in silver futures. Did this report catch you by surprise?
Butler: Not at all, I wrote that something was coming out from them the day before it did.
Cook: Was that a guess?
Butler: No, a Commissioner told me about it privately, starting about two months ago. I guess I was surprised then, but not on the day it actually came out. While I was prepared for the denial of a manipulation, I was still disappointed that they didn’t step up to the plate and do the right thing.
Cook: So, obviously, you disagree.
Butler: Of course.....
Ted Butler Inverview on the Silver Report
