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Ted Butler: CFTC and Justice Dept. overlook manipulative short position in silver

Section: Daily Dispatches

8:28p ET Thursday, February 21, 2019

Dear Friend of GATA and Gold:

At the urging of Jim Cook of Investment Rarities and with the assistance of 24hGold, silver market analyst Ted Butler's most recent proprietary letter has been posted in the clear.

This edition examines the failure of the U.S. Commodity Futures Trading Commission and the Justice Department to investigate the concentrated and manipulative short position in the silver futures market.

... Dispatch continues below ...


First Vanadium Acquires Strategic Land Position
Extending the Carlin Vanadium Deposit in Nevada

Company Announcement
Thursday, January 31, 2019

VANCOUVER, British Columbia, Canada -- First Vanadium Corp. (TSXV: FVAN, OTCQX: FVANF, FSE: 1PY), formerly Cornerstone Metals Inc., has made a strategic acquisition of the southern extension of the Carlin Vanadium deposit 6 miles south of Carlin, Nevada.

The company has gained mineral rights to an additional 200-meter strike length of the Carlin Vanadium deposit through an access and mineral lease agreement to approximately 80 acres of private (fee simple) land immediately adjacent to the Carlin Vanadium property (called the Cole Creek property). Six vertical holes drilled by Union Carbide in the 1960s on this adjacent ground demonstrated a southern continuance of the Carlin Vanadium deposit with thicknesses ranging from 10.67 meters to 28.96 meters (average 18.54 meters or 60.8 feet) and grades ranging from 0.37 to 0.82 percent vanadium oxide (average 0.57 percent V2O5). ...

... For the remainder of the announcement:

Butler writes: "An underground mine in Peru that digs out of the earth 4 million ounces in a year was just shut down due to low silver prices. Yet at the same time and price, eight crooked banks have increased their net speculative short position to more than 100 times that mine's annual production.

"If the Justice Department doesn't see something drastically wrong with that, then all hope for the rule of law is lost. Remember, concentration is the one absolute requirement in any manipulation. In silver, the concentration is off the charts."

Butler's letter is headlined "Mr. Butler's Silver Newsletter -- Icing on the Cake" and it's posted at 24hGold here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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