Articles related to Ted Butler
Chris Powell - GATA
Sharps Pixley's Williams cites Ted Butler and GATA's Ed Steer
Sharps Pixley's Lawrie Williams this week calls attention to silver market analyst Ted Butler's observation that not just JPMorganChase but also Goldman Sachs seem to be acquiring large amounts of gold and silver via the New York Commodity Exchange. Williams adds that GATA's Ed Steer notes that the recent price smashes in the monetary metals seem to result from more futures market manipulation. "If Ted and Ed are correct," Williams writes, "then it looks like JPMorgan and Goldman Sachs could be
Monday, December 11, 2017
Andy Hoffman - Miles Franklin
Mystery Markets, Bubbles and Less Risky Gold
Consider graphs of three markets from the past. These are well known and important markets, but the names, prices and time scales are not shown. They are plotted on linear scales. Note: Structure: Each market moved progressively more vertical before crashing. Bubble: Each market bubbled upward to an unsustainable level and collapsed. Timing: Few predicted the dates or prices for these bubble tops, but many observed their bubble characteristics. The Public: The charts show that each market moved
Friday, December 8, 2017
Keith Weiner - Monetary Metals
The Hyperinflation That Was Not
Last week, we made a very controversial statement. We are happy to write the truth, and let the chips fall where they may (e.g. our thoughtful disagreement with Ted Butler about price manipulation). We can accept the flak that we get for this, so long as our position is understood. Some criticized our approach as mere technical analysis, and therefore insufficient to the task of explaining the dynamics of the gold and silver markets. But whether we quibble with this characterization of our work
Monday, November 27, 2017
Steve St Angelo - SRSRocco Report
One of the major topics discussed in the precious metals community is the manipulation of the gold and silver prices by the large bullion banks.  Many precious metals analysts point to the massive commercial short positions held by JP Morgan and Scotiabank as the root cause for the low silver price.  While I agree that the bullion banks’ massive short contracts are controlling the silver price to a certain degree, there’s another factor that is overlooked by the majority of precious metals analy
Sunday, November 26, 2017
Chris Powell - GATA
Ted Butler: Life under manipulation
Silver market analyst Ted Butler today marvels again at the huge position in Comex silver futures and the concentration of the short position. Butler writes: "Total open interest data indicates that there is a 1-billion-ounce open commitment in Comex silver short and long positions, more than annual world production or consumption. No other commodity has a larger real-world equivalent total open interest this high. "The long and short position in Comex silver is so much larger than that of any
Friday, November 24, 2017
Keith Weiner - Monetary Metals
The Cycle of Falling Interest
Over the past few weeks, we have looked at the effects of falling interest rates: falling discount applied to future cash flows (and hence rising stock and bond prices), and especially falling marginal productivity of debt (MPoD). Falling MPoD means that we get less and less GDP “juice” for each new dollar of borrowing “squeeze”. Last week, we proposed an economic law: if MPoD < 1 then the economy is unsustainable. MPoD has been falling since at least 1950, and is currently well under 0.4 (havin
Tuesday, November 14, 2017
Bix Weir
Understanding Silver Price Manipulation 
Is There Silver Price Manipulation? What should the silver market be like? In the broad scope of markets the silver market is tiny. In my opinion it should be a sleepy "quaint" little market. Supply is fairly stable varying about 5% annually. There are never any huge silver discovery announcements.
Saturday, October 28, 2017
Chris Powell - GATA
Ted Butler: Fear of silver shorting spurs Scotia to sell its metals division
Silver market analyst Ted Butler speculates today that the Bank of Nova Scotia is seeking to sell its metals trading division, ScotiaMocatta, because the bank realizes that the silver shorting business in which the division has specialized is a potentially disastrous liability. Butler writes: "I think the Bank of Nova Scotia's real motivation for seeking to offload its ScotiaMocatta precious metals unit after 20 years of ownership is liability. It's the fear of what is to become of a major short
Tuesday, October 24, 2017
Chris Powell - GATA
The questions that deniers of monetary metals market rigging won't answer
Newsletter writer Steve Saville of The Speculative Investor, who long has denied that manipulation of the monetary metals markets means much, has seized on the recent essay by Keith Weiner of Monetary Metals as the conclusive refutation of silver market analyst Ted Butler's longstanding complaint that JPMorganChase has been rigging the silver market. Weiner's analysis, headlined "Thoughtful Disagreement with Ted Butler" and posted here --
Monday, October 9, 2017
Chris Powell - GATA
Explaining gold price suppression, Indian magazine cites GATA, Butler, Sprott
While there's no telling when exposure of Western central banking's longstanding scheme to suppress monetary metals prices will explode the scheme, word is getting around the world. This is signified by a long commentary published in this month's edition of an Indian magazine of politics and economics, Swarajya, written by Shanmuganathan Nagasundaram, founder of a financial consulting firm. Nagasundaram's commentary, headlined "Gold Can Help India Set Global Agenda on Monetary Policy," cites the
Saturday, October 7, 2017
Chris Powell - GATA
Keith Weiner: Thoughtful disagreement with Ted Butler
Keith Weiner of Monetary Metals today disputes silver market analyst Ted Butler's contention that JPMorganChase is manipulating the silver market, arguing instead that the investment bank is doing arbitrage between buyers and sellers. Weiner's response to Butler is headlined "Thoughtful Disagreement with Ted Butler" and it's posted at GoldSeek's companion site, SilverSeek, here -- -- and at 24hGold here:
Thursday, October 5, 2017
Keith Weiner - Monetary Metals
Thoughtful Disagreement with Ted Butler 
Dear Mr Butler: In your article of 2 October, entitled Thoughtful Disagreement, you say, “someone will come up with the thoughtful disagreement that makes the body of my premise invalid or the price of silver will validate the premise by exploding.” I will take you up on your request. You state your case in this paragraph: “Here are the issues. Silver (and gold) prices are set by paper dealings on the COMEX by a few large speculators (banks and managed money traders), to the exclusion of input f
Wednesday, October 4, 2017
Chris Powell - GATA
Ted Butler: Why won't anyone dispute silver market manipulation?
Silver market analyst Ted Butler laments today that he can't get anyone to argue with his assertions that the silver market is manipulated largely by JPMorganChase and the CME Group, operator of the major U.S. futures exchanges. GATA often laments that it gets no argument about its complaints of manipulation of the gold market by central banks, governments, and the investment banks that act as their agents. Of course there's an explanation for this lack of argument: that the evidence of silver
Monday, October 2, 2017
Chris Powell - GATA
Ted Butler: Eight crooks against the world
Silver market analyst Ted Butler writes today that the primary determinant of gold and silver prices is the concentrated short position in their futures markets. That position is even more concentrated than Butler suggests if, as GATA maintains, governments are trading in those markets using bullion banks as intermediaries. After all, in its filings with the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission, CME Group, operator of the major U.S. futures ex
Saturday, September 9, 2017
Andy Hoffman - Miles Franklin
Your PM Portfolio Check-UP
When I look at the precious metals markets all I see are the numerous anomalies that are screaming value and opportunity.  The constant machinations of the bullion banks manipulating the markets and holding back Mother Nature has created distortions in the market place that present a real opportunity.  Let me explain. Look at the ratio of platinum to gold and it quickly becomes easy to see a real opportunity in trading gold for platinum. History tells us that it is a true anomaly to see platinum
Friday, August 18, 2017
Sprott Money
All Roads Lead to the Bubble-City Danger Zone - Gary Christenson
Bubbles always pop, whether they exist in stocks, gold, confidence in the media, belief in central bank omnipotence, real estate, or debt. Yes, it could happen anywhere, and based on history, is likely. This time is not different, unless it will be worse… From Jared Dillian: “The Everything Bubble”“Also, nowadays, we have no idea what kind of malignant political forces will be unleashed if we have a real, hard-landing recession … Does it all get pinned on Trump? Probably. Does it push th
Thursday, June 29, 2017
Chris Powell - GATA
Ted Butler: JPMorganChase keeps winning a rigged game in silver
Silver market analyst Ted Butler today examines JPMorganChase's seemingly perfect record trading silver year after year without a loss. His commentary is headlined "A Rigged Game" and it's posted at GoldSeek's companion site, SilverSeek, here -- -- and at 24hGold here:
Friday, June 23, 2017
Sprott Money
The End of Markets, Part I - Jeff Nielson
Readers in the Alternative Media may have noticed a distinct drop-off in the number of articles that are published on “the gold market” or “the silver market”. This is true even with respect to precious metals commentators. There is a very good reason for this. We no longer have markets. To prove this assertion, as always, the place to start is definition of terms. What is a market? There are a number of ingredients in any definition. However, first and foremost, a market is a forum for human
Wednesday, June 21, 2017
Jason Hamlin - Gold Stock Bull
Surprise CFTC Gold/Silver Manipulation Announcement: Ted Butler
I was shocked by Friday’s announcement by the CFTC of an order and simultaneous settlement of manipulation charges in COMEX gold and silver futures. I first saw it in a Zerohedge article and subsequent articles on Bloomberg and in the Wall Street Journal, but all those accounts were somewhat off target compared to the CFTC announcement itself. This was one of those rare cases where the source announcement was much clearer than the articles describing it. I would ask you to take the time to read
Tuesday, June 6, 2017
Chris Powell - GATA
Ted Butler: CFTC discovers some silver market manipulation after all
10:55a ET Monday, June 5, 2017 Silver market analyst Ted Butler notes today that last week's actions in U.S. District Court in Chicago and the U.S. Commodity Futures Trading Commission in Washington against a former trader for Deutsche Bank who admitted manipulating the silver market covered the period in which the CFTC investigated silver market manipulation and proclaimed that it could not find anything actionable. Butler speculates that the CFTC's surprising action may have something to do w
Tuesday, June 6, 2017