Le Metropole Members,

Ted Butler realizes that silver market rig is U.S. government operation

Submitted by cpowell on 07:16AM ET Friday, June 15, 2012. Section: Daily Dispatches 10:10p HKT Friday, June 15, 2012

Dear Friend of GATA and Gold:

In commentary from his proprietary newsletter published at GoldSeek's companion site, SilverSeek, silver market analyst Ted Butler realizes that JPMorganChase's overwhelming short position in silver is essentially a U.S. government operation under the supervision of the President's Working Group on Financial Markets, of which the chairman of the U.S. Commodity Futures Trading Commission, Gary Gensler, whose commission supposedly has been investigating the silver market for years, is a member. Butler's commentary is headlined "A Few Questions, One Answer," and it's posted at SilverSeek here:

http://www.silverseek.com/commentary/few-questions-one-answer

CHRIS POWELL, Secretary/Treasurer

Gold Anti-Trust Action Committee Inc.