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On Friday afternoon, the CFTC’s “so-called” position limits proposal – so-called, as I don’t believe it was EVER anything more than PROPAGANDA – was “thrown out” of court by a lower level District of Columbia judge…

Judge throws out CFTC’s position limits rule

Here’s what I wrote about the “decision” this weekend…

The CRIMINALS – as I have continually predicted – were granted the ability to continue naked shorting PAPER PM, in a decision that “coincidentally” emerged late Friday afternoon, giving the Cartel “cover” to attempt another “SUNDAY NIGHT SENTIMENT” attack – just like last week’s similar, FAILED attempt to knock PMs down.

…and then, this morning…

Sure enough, we had the prescribed “SUNDAY NIGHT SENTIMENT” attack; and sure enough, it again MISERABLY FAILED.  I’ll have more to say about the faux “CFTC decision” in a RANT later this week – not that it’s even worthy of such attention.

In other words, I consider this “decision” so NON-NEWSWORTHY, I didn’t even want to write about it.  I have LONG stated my 100% CERTAINTY the CFTC would NEVER, EVER end the PM suppression.

As far as I’m concerned, “JP Morgan” and “Goldman Sachs” are simply arms of the government, while the CFTC is an actual government agency.  Thus, the assumptions held by some – including Ted Butler until recently  – that “Goldman Gary” Gensler and crew would somehow strike the Cartel down – were ludicrous.

In recent months, Butler has finally given up his ridiculous belief, and Friday’s news will certainly silence any lingering doubts he might have had…

The Arguments against a Silver Manipulation – Ted Butler

Actually, I was far more irritated by the response of my good friend James West, of the Midas Letter.  He is one of the “good, smart guys” in the business; but wrote a typical, scaremongering commentary this weekend that makes me SICK; more worthy, perhaps of Larry Edelson.

Of all people, did he really believe ANYONE was expecting a favorable CFTC ruling?  And thus, that one should ‘reconsider’ near-term purchases as a result?

Defeat of Position Limits Direct Threat to Precious Metals Potential – James West

And even if a favorable ruling occurred, would ANYOINE really believe the U.S. government – er, “JP Morgan” – would EVER stop naked shorting?  As I said, SICKENING; particularly for someone so astute.

That said, West’s business model is a subscription-based newsletter giving stock picks and “trading advice”; in other words, a LETHAL prescription for those attempting to PROTECT themselves.  The PM business is one of the few where the LESS you spend on “advice,” the better the advice will be!

And now that I’m REALLY worked up, my dander is still standing on end following “Trader David R’s” comments last week.  Bix Weir did a FABULOUS job refuting David R. last week…

Are JPM’s COMEX Silver Positions Only A Hedge Against Physical in the Warehouse? –Bix Weir

…but the coup de grace came this morning; when none other than Andrew McGuire lambasted David R. in this amazing “guest post” for Turd Ferguson’s TF Metals Report

TF Metals Report Guest Post: Andrew Maguire responds to “Trader David R”

For those who don’t know Andrew McGuire, it was his evidence against JP Morgan that was read by Bill Murphy during the March 2010 CFTC hearings, catalyzing silver’s meteoric rise to $50/ounce.  And oh yeah, those hearings – more than two-and-a-half years ago – were about the same “position limits” thrown out on Friday…

Part 1/2: Bill Murphy of GATA Testifies to CFTC 3-25-2010
Believe it or not, on two of the three media feeds that day, Murphy’s testimony was “conveniently” blocked out; the ONLY person suffering such an indignity in the entire day’s proceedings.  Thankfully, one of the three feeds was NOT; and thus, his testimony was preserved for posterity…

Part 2/2: Bill Murphy of GATA reveals whistle blower Andrew MaGuire to CFTC 3-25-2010
After that day, I spent much time researching Andrew McGuire’s background and motives.  However, it wasn’t until I met the man at last August’s London GATA conference – and spent quality time with him –that I truly understood what a HERO he is.  The man is a multi-decade professional PM trader – one of the few with a conscience – and nearly was MURDERED for giving such unsolicited testimony…

Ranting Andy: Demystifying Andrew McGuire – August 8, 2011

Please read his AMAZING TF Metals report article re-butting “Trader David R” – and Bix Weir’s as well – if you want to REALLY know how the “silver market” works.  And don’t forget GATA, and – of course – my daily writings; starting with the five “Cartel primers” I wrote last year:

RANTING ANDY SPECIAL – CARTEL SECRETS REVEALED, PT. I – May 31, 2011

RANTING ANDY SPECIAL – CARTEL SECRETS REVEALED, PT. II – June 2, 2011

RANTING ANDY SPECIAL – 2011 COMEX GOLD MANIPULATION PICTORIAL – June 6, 2011

RANTING ANDY SPECIAL – 2H 2010 COMEX GOLD MANIPULATION PICTORIAL – June 8, 2011

RANTING ANDY SPECIAL – COMEX GOLD MANIPULATION PICTORIAL #3 – Fall 2011 Edition  – November 28, 2011

If there’s one thing I KNOW to be true – without a shadow of a doubt – it’s that PM prices are suppressed EVERY MINUTE of EVERY DAY; in an attempt by the EVIL “elites” to maintain wealth and power; at YOUR expense.

ANYONE that attempts to mislead other into believing otherwise will be challenged – and soundly BEATEN – by myself and the growing ARMY of TRUTH SEEKERS.

PROTECT YOURSELF, and do it NOW!

Call Miles Franklin at 800-822-8080, and talk to one of our brokers.  Through industry-leading customer service and competitive pricing, we aim to EARN your business.