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Exclusive Interview

Sunday, July 19, 2009 – with  Scott Smith

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Posted by David Cox on 7/19/2009 11:19:54 AM

Those of us interested in the commodities have heard the manipulation allegations. I have no reason to question them. The problem for the non-big time investor is the looming question: How can we plan for (or expect) a coherent investment strategy in silver based upon what we believe from evaluating the world markets and economic trends if the manipulators steer the price to the direction of their choosing? Isn't an investment in silver just a "roll of the dice" determined by the interdigitation of the manipulators plan of the day (month or year/s) and the date (buying price) of the silver and not everday market forces? Does the reasonable investor buy silver with a "hope strategy" that he/she is getting it at an appropriate time based upon a black box timing of the silver manipulators?


Reply from the Daily Bell:

The Invisible Hand is stronger than any manipulation over time.

Posted by Charles Dockter on 7/19/2009 12:40:48 PM

There is undoubtedly a serious form of neglect or at worst an unethical ignoring of what a manipulation is. Where is the CFTC? They are responsible for this fiasco. Why do they even exist as a "regulatory" agency. How do we call them on the carpet? Is there an action that we as citizens of this great country can do to force the issue? Please advise.


Reply from the Daily Bell:

Apparently not.

Posted by Dave Anderson on 7/19/2009 5:07:02 PM

While illuminating, your interviews with the likes of Butler, Morgan and Casey leave me with a sense of despair when it comes to preserving wealth, never mind investing. If I don't trust my government's currency nor regulatory practices; and the precious metal markets are in constant manipulation by large players, where do I put my savings?


Reply from the Daily Bell:

At least some in physical gold and silver - to begin with anyway?

Posted by Roark on 7/31/2009 4:38:33 AM

Mr. Butler said "At this point, the various stimulus programs should keep us out of a severe depression." What do you suppose he meant by that?


Reply from the Daily Bell:

He seems to believe in a Keynesian solution, in this case. We don't.

Posted by Roark on 7/31/2009 4:56:53 AM

Have you commented on Dr. Fekete's theory of an upcoming deflationary period? Is there any evidence that foreigners are hoarding paper dollars? And what about electronic dollars? How are they being treated differently from paper dollars?


Reply from the Daily Bell:

There already has been deflation or at least deleveraging. The banks have definitely hoarded electronic dollars as he seemed to anticipate. The paper dollar issue is less clear in our opinion.

Posted by JWingert on 4/14/2010 12:14:23 AM

"One thing the authorities could do along with the bailouts, though, is throw more people in jail who were responsible for much of the damage."There's an understatement.

Where do they begin? The entire Fed top management, the Treasury, the White House, the primary dealers, execs from about 10 banks and financial firms, insurance Investment grading firms.....the list is pretty long....

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