JPMorgan is screwed even if CFTC drops investigation

Ted Butler: Morgan is screwed even if CFTC drops silver investigation

Submitted by cpowell on Thu, 2012-08-09 14:06. Section: Daily Dispatches

10a ET Thursday, August 9, 2012

Dear Friend of GATA and Gold:

Silver market analyst and market manipulation exposer Ted Butler responds today to the infamous report in the Financial Times this week that the U.S. Commodity Futures Trading Commission will drop its nearly 4-year-old investigation of the silver market. Butler concludes that while the big silver short, JPMorganChase, is bigger than the U.S. government, publicity has trapped the bank so that it will be screwed whether it maintains its silver short position or tries to get out of it. Butler's commentary is headlined "The CFTC Silver Investigation" and it's posted at GoldSeek's companion site, SilverSeek, here:

http://www.silverseek.com/commentary/cftc-silver-investigation

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