by Ted Butler, Silver Seek:
Shortly after I posted publicly last week’s article, “Is the COT Report Still Valid?,” commentary on my article was posted by Chris Powell, from GATA, suggesting that I consider the possibility that JPMorgan may be operating in the silver and gold markets as an agent under orders from the US Government and not as a principal for its own account (as I believe). I want to thank Chris for offering his input and I’m not kidding when I say it’s much better for an article to generate interest than to be ignored.
Since I know this is a widely-held opinion, namely, that the US Government is behind the silver and gold manipulation, ostensibly to defend the dollar, I have always considered this to be a possibility and believe I have written about it previously. Since there is no question that the regulators have continuously evaded allegations of wrongdoing by JPMorgan in the silver and gold markets, that’s reason enough to admit to the possibility of US Government involvement.