Nach Angaben des Silber Markt Analysten Ted Butler hat das US Finanzministerium einen  aktiven Beitrag mithilfe des Steuerzahlers geleistet, um den Silberpreis unten zu halten, weil JPMorgan über  Bear Stearns auf riesigen Shortpositionen saß.

Bear Stearns war bekannt als einer der größten Silber Shorter bei der Comex. Dieser Umstand blieb auch den anderen beteiligten großen Player nach Ansicht von Butler nicht verborgen. Die Eindeckung der Silber Short Positionen von Bear Stearns hätte den Silberpreis nach Ansicht von Butler auf 50 - 100 Dollar pro Unze anspringen lassen. 

Silver market analyst Ted Butler has obtained a letter from theU.S. Commodity Futures Trading Commission to U.S. Rep. Gary G. Miller,Republican of California, that virtually confirms Butler's speculation inSeptember that the smashing of the silver price this year involvedJPMorganChase's takeover of Bear Stearns in March.

Butler writes:
"Bear Stearns held the largest concentrated short position inCOMEX silver (and gold) futures at the time of its forced merger with JP Morganin March. That position was not discovered until the publishing of the AugustBank Participation Report followed by the October 8 letter from the CFTC toCongressman Miller. Furthermore, Bear Stearns had no legitimate backing to theshort silver position, either in actual metal or cash. Otherwise it could havebeen delivered against or bought back, just as would have happened were it along position.

"The price of silver at the time of Bear Stearns implosionwas $20 to $21 an ounce. A free-market covering of a concentrated shortposition of this size would have driven silver prices to the $50 or $100 leveland would have exposed the long-term manipulation. Rather than let the freemarket deal with the required short covering of such an uneconomic and unbackedshort position, government authorities arranged to have the short positiontransferred to JP Morgan. This was undertaken by the U.S. Treasury Department,along with taxpayer guarantees against loss to Morgan worth billions ofdollars. This was done, no doubt, to save the financial system from imploding.This was also patently illegal, as it aided and abetted the silvermanipulation."

That is, it is now virtually certain that the big silver short(and the big gold short) is the U.S. government's New York bank, JPMorganChase.

Butler's new commentary is headlined "The Real Story"and you can find it at GoldSeek's companion site, SilverSeek, here: