8:50p ET Thursday, January 10, 2019
Dear Friend of GATA and Gold:
Now that the U.S. Justice Department has induced a former trader for JPMorganChase to confess to manipulating the silver market, silver market watchdog Ted Butler writes today that the department should be pursuing several questions that go beyond the "spoofing" highlighted by the guilty plea. Butler helpfully spells them out.
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Butler concludes: "Having raised the issue of a silver manipulation for more than 30 years and the specific allegation that JPMorgan was the main manipulator since 2008, there would be something wrong if I didn't feel that the involvement of the Justice Department was the most important development I have seen over both time periods. I have petitioned the U.S. Commodity Futures Trading Commission and CME Group for decades to no avail. It may turn out that I am putting too much faith in the Justice Department for confirming my allegations, but it is at the very pinnacle of a regulatory food chain. It would be unreasonable not to have faith that the Justice Department will do the right thing." Butler's commentary is headlined "Questions Only the Justice Department Can Get Answered" and it's posted at GoldSeek's companion site, SilverSeek, here -- http://silverseek.com/commentary/questions-only-doj-can-get-answered-175... -- and at 24hGold here: http://www.24hgold.com/english/news-gold-silver-questions-only-the-doj-c... CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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