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Ted Butler: The CFTC's (non)response
By Ted Butler
SilverSeek.com
Monday, March 4, 2024
The long-awaited response from the U.S. Commodity Futures Trading Commission to my congressman's office about my concerns about the possible double-counting of publicly reported silver inventories, originally sent to the agency in mid-November, was received by me Friday morning, March 1.
To refresh you with the issue, I asked the CFTC (along with the Securities and Exchange Commission) to make clear whether the 103 million ounces reported in the I-Shares Silver Trust (SLV) and being held in New York by JPMorgan on behalf of the trust were also being reported in the JPMorgan Comex warehouse or whether these were two separate silver inventories. ...
... For the remainder of the analysis:
https://silverseek.com/article/cftcs-response-0
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