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Have you heard of Andrew Maguire? CFTC, Silver manipulation
floydian slip dj
----/\====\/----
User ID: 27
03-31-2010 09:03 AM

Posts: 3,369



Post: #1
Have you heard of Andrew Maguire? CFTC, Silver manipulation
Advertisement
Could be biggest whistle-blower in History

http://www.kingworldnews.com/kingworldne...glass.html

he's got links and proof

original emails:

From: Andrew Maguire
Sent: Tuesday, January 26, 2010 12:51 PM
To: Ramirez, Eliud [CFTC]
Cc: Chilton, Bart [CFTC]
Subject: Silver today

Dear Mr. Ramirez:

I thought you might be interested in looking into the silver trading today. It was a good example of how a single seller, when they hold such a concentrated position in the very small silver market, can instigate a selloff at will.

These events trade to a regular pattern and we see orchestrated selling occur 100% of the time at options expiry, contract rollover, non-farm payrolls (no matter if the news is bullish or bearish), and in a lesser way at the daily silver fix. I have attached a small presentation to illustrate some of these events. I have included gold, as the same traders to a lesser extent hold a controlling position there too.

Please ignore the last few slides as they were part of a training session I was holding for new traders.

I brought to your attention during our meeting how we traders look for the "signals" they (JPMorgan) send just prior to a big move. I saw the first signals early in Asia in thin volume. As traders we profited from this information but that is not the point as I do not like to operate in a rigged market and what is in reality a crime in progress.

As an example, if you look at the trades just before the pit open today you will see around 1,500 contracts sell all at once where the bids were tiny by comparison in the fives and tens. This has the immediate effect of gaining $2,500 per contract on the short positions against the long holders, who lost that in moments and likely were stopped out. Perhaps look for yourselves into who was behind the trades at that time and note that within that 10-minute period 2,800 contracts hit all the bids to overcome them. This is hardly how a normal trader gets the best price when selling a commodity. Note silver instigated a rapid move lower in both precious metals.

This kind of trading can occur only when a market is being controlled by a single trading entity.

I have a lot of captured data illustrating just about every price takedown since JPMorgan took over the Bear Stearns short silver position.

I am sure you are in a better position to look into the exact details.

It is my wish just to bring more information to your attention to assist you in putting a stop to this criminal activity.

Kind regards,
Andrew Maguire

* * *

From: Ramirez, Eliud [CFTC]
To: Andrew Maguire
Sent: Wednesday, January 27, 2010 4:04 PM
Subject: RE: Silver today

Mr. Maguire,

Thank you for this communication, and for taking the time to furnish the slides.

* * *

From: Andrew Maguire
To: Ramirez, Eliud [CFTC]
Cc: BChilton [CFTC]
Sent: Wednesday, February 03, 2010 3:18 PM
Subject: Re: Silver today

Dear Mr. Ramirez,

Thanks for your response.

Thought it may be helpful to your investigation if I gave you the heads up for a manipulative event signaled for Friday, 5th Feb. The non-farm payrolls number will be announced at 8.30 ET. There will be one of two scenarios occurring, and both will result in silver (and gold) being taken down with a wave of short selling designed to take out obvious support levels and trip stops below. While I will no doubt be able to profit from this upcoming trade, it is an example of just how easy it is to manipulate a market if a concentrated position is allowed by a very small group of traders.

I sent you a slide of a couple of past examples of just how this will play out.

Scenario 1. The news is bad (employment is worse). This will have a bullish effect on gold and silver as the U.S. dollar weakens and the precious metals draw bids, spiking them higher. This will be sold into within a very short time (1-5 mins) with thousands of new short contracts being added, overcoming any new bids and spiking the precious metals down hard, targeting key technical support levels.

Scenario 2. The news is good (employment is better than expected). This will result in a massive short position being instigated almost immediately with no move up. This will not initially be liquidation of long positions but will result in stops being triggered, again targeting key support levels.

Both scenarios will spell an attempt by the two main short holders to illegally drive the market down and reap very large profits. Locals such as myself will be "invited" on board, which will further add downward pressure.

The question I would expect you might ask is: Who is behind the sudden selling and is it the entity/entities holding a concentrated position? How is it possible for me to know what will occur days before it will happen?

Only if a market is manipulated could this possibly occur.

I would ask you watch the "market depth" live as this event occurs and tag who instigates the move. This would surly help you to pose questions to the parties involved.

This kind of "not-for-profit selling" will end badly and risks the integrity of the COMEX and OTC markets.

I am aware that physical buyers in large size are awaiting this event to scoop up as much "discounted" gold and silver as possible. These are sophisticated entities, mainly foreign, who know how to play the short sellers and turn this paper gold into real delivered physical.

Given that the OTC market (where a lot of the selling occurs) runs on a fractional reserve basis and is not backed up by 1-1 physical gold, this leveraged short selling, where ownership of each ounce of gold has multi claims, poses a very large risk.

I leave this with you, but if you need anything from me that might help you in your investigation I would be pleased to help.

Kind regards,
Andrew T. Maguire

* * *

From: Andrew Maguire
To: Ramirez, Eliud [CFTC]
Sent: Friday, February 05, 2010 2:11 PM
Subject: Fw: Silver today

If you get this in a timely manner, with silver at 15.330 post data, I would suggest you look at who is adding short contracts in the silver contract while gold still rises after NFP data. It is undoubtedly the concentrated short who has "walked silver down" since Wednesday, putting large blocks in the way of bids. This is clear manipulation as the long holders who have been liquidated are matched by new short selling as open interest is rising during the decline.

There should be no reason for this to be occurring other than controlling silver's rise. There is an intent to drive silver through the 15 level stops before buying them back after flushing out the long holders.

Regards,
Andrew

* * *

From: Andrew Maguire
To: Ramirez, Eliud [CFTC]
Cc: BChilton [CFTC]; GGensler [CFTC]
Sent: Friday, February 05, 2010 3:37 PM
Subject: Fw: Silver today

A final e-mail to confirm that the silver manipulation was a great success and played out EXACTLY to plan as predicted yesterday. How would this be possible if the silver market was not in the full control of the parties we discussed in our phone interview? I have honored my commitment not to publicize our discussions.

I hope you took note of how and who added the short sales (I certainly have a copy) and I am certain you will find it is the same concentrated shorts who have been in full control since JPM took over the Bear Stearns position.

It is common knowledge here in London among the metals traders that it is JPM's intent to flush out and cover as many shorts as possible prior to any discussion in March about position limits. I feel sorry for all those not in this loop. A serious amount of money was made and lost today and in my opinion as a result of the CFTC's allowing by your own definition an illegal concentrated and manipulative position to continue.

Bart, you made reference to it at the energy meeting. Even if the level is in dispute, what is not disputed is that it exists. Surely some discussions should have taken place between the parties by now. Obviously they feel they can act with impunity.

If I can compile the data, then the CFTC should be able to too.

I would think this is an embarrassment to you as regulators.

Hoping to get your acknowledgement.

Kind regards,
Andrew T. Maguire

* * *

From: Andrew Maguire
To: Ramirez, Eliud [CFTC]
Sent: Friday, February 05, 2010 7:47 PM
Subject: Fw: Silver today

Just logging off here in London. Final note.

Now that gold is undergoing short covering, please look at market depth right now in silver and evidence the large selling blocks in a thin market being put in the way of silver regaining the technical 15 level, which would cause a short covering rally and new longs being instigated. This is resulting in the gold-silver ratio being stretched to ridiculous levels.

I hope this day has given you an example of how silver is "managed" and gives you something more to work with.

If this was long manipulation in, say, the energy market, the shoe would be on the other foot, I suspect.

Have a good weekend.

Andrew

* * *

From: Andrew Maguire
Sent: Tuesday, February 09, 2010 8:24 AM
To: Ramirez, Eliud [CFTC]
Cc: Gensler, Gary; Chilton, Bart [CFTC]
Subject: Fw: Silver today

Dear Mr. Ramirez,

I hadn't received any acknowledgement from you regarding the series of e-mails sent by me last week warning you of the planned market manipulation that would occur in silver and gold a full two days prior to the non-farm payrolls data release.

My objective was to give you something in advance to watch, log, and follow up in your market manipulation investigation.

You will note that the huge footprints left by the two concentrated large shorts were obvious and easily identifiable. You have the data.

The signals I identified ahead of the intended short selling event were clear.

The "live" action I sent you 41 minutes after the trigger event predicting the next imminent move also played out within minutes and exactly as I outlined.

Surely you must at least be somewhat mystified that a market move could be forecast with such accuracy if it was free trading.

All you have to do is identify the large seller and if it is the concentrated short shown in the bank participation report, bring them to task for market manipulation.

I have honored my commitment to assist you and keep any information we discuss private,however if you are going to ignore my information I will deem that commitment to have expired.

All I ask is that you acknowledge receipt of my information. The rest I leave in your good hands.

Respectfully yours,

Andrew T. Maguire

* * *

From: Ramirez, Eliud
To: Andrew Maguire
Sent: Tuesday, February 09, 2010 1:29 PM
Subject: RE: Silver today

Good afternoon, Mr. Maguire,

I have received and reviewed your email communications. Thank you so very much for your observations.
----------------------------------------------------


Whistleblower Exposes JP Morgan's Silver Manipulation Scheme

Additional Statement by Bill Murphy, Chairman
Gold Anti-Trust Action Committee

to the U.S. Commodity Futures Trading Commission
Washington, D.C., March 25, 2010

On March 23, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Maguire is a metals trader in London. He has been told first-hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets, and they have bragged to how they make money doing so.

In November 2009 Maguire contacted the CFTC enforcement division to report this criminal activity. He described in detail the way JPMorgan Chase signals to the market its intention to take down the precious metals. Traders recognize these signals and make money shorting the metals alongside JPM. Maguire explained how there are routine market manipulations at the time of option expiry, non-farm payroll data releases, and COMEX contract rollover, as well as ad-hoc events.

On February 3 Maguire gave two days' warning by e-mail to Eliud Ramirez, a senior investigator for the CFTC's Enforcement Division, that the precious metals would be attacked upon the release of the non-farm payroll data on February 5. On February 5, as market events played out exactly as predicted, further e-mails were sent to Ramirez while the manipulation was in progress.

It would not be possible to predict such a market move unless the market was manipulated.

In an e-mail on February 5 Maguire wrote: "It is common knowledge here in London among the metals traders that it is JPM's intent to flush out and cover as many shorts as possible prior to any discussion in March about position limits. I feel sorry for all those not in this loop. A serious amount of money was made and lost today and in my opinion as a result of the CFTC's allowing by your own definition an illegal concentrated and manipulative position to continue."

Expiry of the COMEX April call options is tomorrow, March 26. There was large open interest in strikes from $1,100 to $1,150 in gold. As always happens month after month, HSBC and JPM sell short in large quantities to overwhelm all bids and make unsuspecting option holders lose their money. As predicted by GATA, the manipulation started on March 19, when gold was trading at $1,126. Last night it traded at $1,085.

This is how much the gold cartel fears the CFTC's enforcement division. They thumb their noses at you because in more than a decade of complaints and 18 months of a silver market manipulation investigation nothing has been done to stop them. And this is why JPM's cocky and arrogant traders in London are able to brag that they manipulate the market.

This is an outrage and we are making available to the press the e-mails from Maguire wherein he warns of a manipulative event.

Additionally Maguire informed us that he has tape recordings of his telephone communications with the CFTC, which we are taking the appropriate legal steps to acquire.
http://www.zerohedge.com/article/whistle...ion-scheme
------------------------------------------------------------------

but will anything be done?

hes been in a hit and run since then as well


You Don't Mess With The LBMA - Assassination Attempt On Silver Market Manipulation Whistleblower?
http://www.zerohedge.com/article/you-don...stleblower
London metals trader Andrew Maguire, who warned an investigator for the U.S. Commodity Futures Trading Commission in advance about a gold and silver market manipulation to be undertaken by traders for JPMorgan Chase in February and whose whistleblowing was publicized by GATA at Thursday's CFTC hearing on metals futures trading was injured along with his wife the next day when their car was struck by a hit-and-run driver in the London area.

-------------------------------------------------------------------------------------
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floydian slip dj
----/\====\/----
User ID: 27
03-31-2010 09:06 AM

Posts: 3,369



Post: #2
RE:Have you heard of Andrew Maguire? CFTC, Silver manipulation
and then there's this

If you can leave the United States, I would suggest you GET OUT NOW
01:15 by Administrator. Filed under: Whatever

by John Galt

March 29, 2010

While I was out playing happy camper in the Everglades and checking on my ‘local’ BOL, some news snuck through the system but thankfully good old Tyler Durden at ZeroHedge.com has the scoop:

It’s Official – America Now Enforces Capital Controls
http://www.zerohedge.com/article/its-off...l-controls

This is not something I say lightly after reviewing this information and reinforcing the commentary from the Rangel rule which restricted and penalized voluntary emigration and/or renunciation of one’s citizenship from the United States.

If you can, even if it means a 75% loss of your fortunes, get out now.

If you have a universal skill set (Programmer, trader, medical skills, security skills, etc.) and can relocate with little resources, get out now.

If you have real estate holdings in certain nations (not Canada or Mexico) get out now.

The precursor to most major shifts within western civilization have always been the restrictions placed on the flow of capital. Without going off into woo-woo land on you, all I can say is that this is a warning shot that something major is about to occur which further restricts the freedoms of the citizens of this once great nation. When I did my radio show, I warned that this one event, a key moment or marker in any nation’s history was something to be taken deadly seriously. In my opinion it means that a currency realignment or change or outright revocation of rights taken for granted was certain with a 90 day, maybe if we’re lucky, 180 day window.

One more time:

If you can escape, do it now.

Good luck to all and God Bless.

http://johngaltfla.com/blog3/
(This post was last modified: 03-31-2010 09:14 AM by floydian slip.) Quote this message in a reply
Nickhead
lop guest
User ID: 39
03-31-2010 10:20 AM

 



Post: #3
RE:Have you heard of Andrew Maguire? CFTC, Silver manipulation
Heartflowers
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floydian slip dj
----/\====\/----
User ID: 27
03-31-2010 10:21 AM

Posts: 3,369



Post: #4
RE:Have you heard of Andrew Maguire? CFTC, Silver manipulation
call me!
Quote this message in a reply
oannes
Registered User
User ID: 22
03-31-2010 10:39 AM

Posts: 1,356



Post: #5
RE:Have you heard of Andrew Maguire? CFTC, Silver manipulation
Bill Murphy of GATA reveals whiste blower Andrew MaGuire to CFTC 3-25-2010

http://www.youtube.com/watch?v=-3fi6gll9vA
http://www.youtube.com/watch?v=Sl2zi3khUFI
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oannes
Registered User
User ID: 22
03-31-2010 10:42 AM

Posts: 1,356



Post: #6
RE:Have you heard of Andrew Maguire? CFTC, Silver manipulation
GATA anti thrust action committee
http://www.gata.org/
Quote this message in a reply
floydian slip dj
----/\====\/----
User ID: 27
03-31-2010 10:58 AM

Posts: 3,369



Post: #7
RE:Have you heard of Andrew Maguire? CFTC, Silver manipulation
hey oannes :)

too bad he talks like a speedball
really hard to listen to
love em' but..

we need a celebrity with speaking skilz to move fwd here
our politicians watch mainstream TV
must reason with them on their level
(This post was last modified: 03-31-2010 10:58 AM by floydian slip.) Quote this message in a reply
oannes
Registered User
User ID: 22
03-31-2010 11:35 AM

Posts: 1,356



Post: #8
RE:Have you heard of Andrew Maguire? CFTC, Silver manipulation
LOL
Nothing compared to the speed I had one my first lecture
Pffffffffffffffw
The nerves
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floyd
lop guest
User ID: 27
03-31-2010 11:50 AM

 



Post: #9
RE:Have you heard of Andrew Maguire? CFTC, Silver manipulation
:)

id love to come visit you

im planning on a lot of visiting soon

oz, amsterdam, costa rica, paraguay, tanzania

somewhere they dont mind lost americans
&
someplace that americans/whitey will not be persecuted for what is about to happen

somewhere where you do not need keep warm in the 'winter' ;)
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oannes
Registered User
User ID: 22
03-31-2010 12:26 PM

Posts: 1,356



Post: #10
RE:Have you heard of Andrew Maguire? CFTC, Silver manipulation
Welcome
I live in Groningen, a student city in the far north of our country.
Bounce016
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Anonymous Coward
lop guest
User ID: 162
04-01-2010 06:44 AM

 



Post: #11
RE:Have you heard of Andrew Maguire? CFTC, Silver manipulation
Eric King Follow Up Interview With GATA On The Trail Of The Biggest Gold Manipulation Story Disclosed

The Andrew Maguire LBMA whistleblower story just refuses to go away, and it is about time someone from the mainstream media (yes, we know you read us constantly) finally picked up on this massive expose about the decades of fraud and manipulation in the commodities market, with a focus on gold and silver. Don't worry, the Wall Street ad revenue sources you may lose from highlighting this "must read" story will be more than offset by the increased readership you will gain. Today we have the latest segment in this saga, courtesy once again of Eric King who interviews GATA members Bill Murphy, Chris Powell and Adrian Douglas.As is pointed out in the interview, "The CFTC, on the public record, has been shown to have known in advance of massive market manipulation, and have done nothing." Isn't this the same reason why Markopolos called SEC the biggest bunch of idiots in existence vis-a-vis their performance in the Madoff debacle? It is time someone big blew this up finally. Perhaps this will explain why it never get mainstream attention: "JPMorgan chase is an agency of the US government, rigs the markets, and undertakes market manipulation." To all our readers: this is yet another "must hear" interview.

http://www.zerohedge.com/article/eric-ki...-disclosed
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floydian slip dj
----/\====\/----
User ID: 5783
05-11-2010 09:14 AM

Posts: 3,369



Post: #12
RE: Have you heard of Andrew Maguire? CFTC, Silver manipulation
Civil And Criminal Probes Launched Against JP Morgan For Silver Market Manipulation

http://www.zerohedge.com/article/civil-a...nipulation

Yes, it is really happening. After years and years and years of market manipulation, JPMorgan is about to realize there is only so far you can push your luck against the criminal envelope. In other news, when silver doubles shortly, Andrew Maguire is about to become a patron saint to generations of long-suffering gold and silver "bugs" the world throughout.

From Michael Gray of the NY Post.

Federal agents have launched parallel criminal and civil probes of JPMorgan Chase and its trading activity in the precious metals market, The Post has learned.

The probes are centering on whether or not JPMorgan, a top derivatives holder in precious metals, acted improperly to depress the price of silver, sources said.

The Commodities Futures Trade Commission is looking into civil charges, and the Department of Justice's Antitrust Division is handling the criminal probe, according to sources, who did not wish to be identified due to the sensitive nature of the information.

The probes are far-ranging, with federal officials looking into JPMorgan's precious metals trades on the London Bullion Market Association's (LBMA) exchange, which is a physical delivery market, and the New York Mercantile Exchange (Nymex) for future paper derivative trades.

JPMorgan increased its silver derivative holdings by $6.76 billion, or about 220 million ounces, during the last three months of 2009, according to the Office of Comptroller of the Currency.

Regulators are pulling trading tickets on JPMorgan's precious metals moves on all the exchanges as part of the probe, sources tell The Post.

JPMorgan has not been charged with any wrongdoing.

The DOJ and CFTC each declined to comment, as did JPMorgan.

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LoP Guest
lop guest
User ID: 32178
05-26-2011 09:03 AM

 



Post: #13
RE: Have you heard of Andrew Maguire? CFTC, Silver manipulation
floydian slip  Wrote: (03-31-2010 09:06 AM)
and then there's this

If you can leave the United States, I would suggest you GET OUT NOW
01:15 by Administrator. Filed under: Whatever

by John Galt

March 29, 2010

While I was out playing happy camper in the Everglades and checking on my ‘local’ BOL, some news snuck through the system but thankfully good old Tyler Durden at ZeroHedge.com has the scoop:

It’s Official – America Now Enforces Capital Controls
http://www.zerohedge.com/article/its-off...l-controls

This is not something I say lightly after reviewing this information and reinforcing the commentary from the Rangel rule which restricted and penalized voluntary emigration and/or renunciation of one’s citizenship from the United States.

If you can, even if it means a 75% loss of your fortunes, get out now.

If you have a universal skill set (Programmer, trader, medical skills, security skills, etc.) and can relocate with little resources, get out now.

If you have real estate holdings in certain nations (not Canada or Mexico) get out now.

The precursor to most major shifts within western civilization have always been the restrictions placed on the flow of capital. Without going off into woo-woo land on you, all I can say is that this is a warning shot that something major is about to occur which further restricts the freedoms of the citizens of this once great nation. When I did my radio show, I warned that this one event, a key moment or marker in any nation’s history was something to be taken deadly seriously. In my opinion it means that a currency realignment or change or outright revocation of rights taken for granted was certain with a 90 day, maybe if we’re lucky, 180 day window.

One more time:

If you can escape, do it now.

Good luck to all and God Bless.

http://johngaltfla.com/blog3/

Anyone who doesn't realize that the collapse of the dollar is going to have global implications is a complete tard.

Where in the hell are you going to run and hide? Everyone is going down.
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LoP Guest
lop guest
User ID: 34335
05-26-2011 12:52 PM

 



Post: #14
RE: Have you heard of Andrew Maguire? CFTC, Silver manipulation
Great thread OP.
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