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Ted Butler: Eight crooks against the world
1:09p ET Friday, September 8, 2017
Dear Friend of GATA and Gold:
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 exchanges, acknowledges that its clients include governments and central banks and that CME Group offers them discounts for volume trading:
http://www.gata.org/node/14385
http://www.gata.org/node/14411
Butler's commentary is headlined "Eight Crooks Against the World" and it's posted at GoldSeek's companion site, SilverSeek, here --
http://silverseek.com/commentary/eight-crooks-against-world-16846
-- and at 24hGold here:
http://www.24hgold.com/english/news-gold-silver-eight-crooks-against-the...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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