In terms of addresses the claims of Andrew having 'predicted' or called in advance major downward m and noves, and other allegations he has made, here are a few points.
Regarding Andrew Maguire's specific claims of forecasting, I have not followed his more recent prognostications on the internet. I don't follow anyone's. I have noted in writing and in presentations that the one piece of evidence Maguire gave of his famous call about a February 2010 silver sell-off, or whatever it was, was a copy he distributed to people of an email he purportedly sent to the CFTC prior to that sell-off. Of course, anyone can make a copy of such an email and it can be a fake. It was interesting that he sent it to someone named Elliott Ramirez (if I remember the name correctly. I am traveling at present and do not have access to my office files) at the CFTC. The CFTC has never acknowledged receipt of this email or other emails from Maguire he alleges he sent prior to March 2010. It has said that it has no record that Elliott Ramirez ever worked for it. He does not now and the CFTC says as far as it can tell, it never did. So, again, not even a good lie. You can place a call to the CFTC, anyone can, and ask to speak to someone in Enforcement, or Supervision, or Market Research, and get through to someone, and then you have a name to use in your fake email. I also know, but cannot provide to others, that Maguire has at other times sent screen shots of emails he purported sent to other people; anyone can make up a screen shot, but he chooses to provide these instead of hitting 'forward' and sending an original, traceable email. That smells. Go to more work than you need to? I sure don't do that if I can help it.
In terms of allegations about silver manipulations, at our website,
www.cpmgroup.com there is a free reads section, called Our Market Views. I believe you have to register to access it, but there is no charge for registering. In that site, there are two sections of the virtual library dealing with other's claims of manipulation. One is called "Counter Arguments to Gold Conspiracy Theories," and the other is "Counter Arguments to Silver Conspiracy Theories." I encourage any and all of you to visit and review these. In the Silver section you will see a 2008 presentation about these allegations, as well as a lot of other stuff. In the Gold section you will see a bunch of documents. One is a presentation called "GATA You Lie." In 2010 GATA challenged me to refute its six pieces of evidence of gold market manipulations. I tore each of them apart, showing how GATA either outright lied (saying Barrick wrote things in a court filing it had not written) or distorted what other people had said.
The reason we did not beat these dead horses in the past week is because we already have beaten them to death, as has the CFTC, the courts, and others. In legal terms, any reasonable person would not believe any of these allegations based on the evidence provided by GATA, Butler, and others. None of it holds up in court. Ask Don Doyle at Blanchard, who had to pay Barrick for his legal allegations they conspired with JP Morgan to manipulate gold prices and issue a public written apology to Barrick, its executives, and their families.
The issue at hand in the present time is not the validity of any of these claims. Those were proven bogus a long time ago. Beyond the one 2010 claim, I have not followed Maguire's warnings, nor do I care to. I will say that anyone with access to a price chart can call buy and sell signals, and does: That's why we are having these heavy volume periods.
The issue at hand was the credibility of GATA's star witness. They held him out as a seasoned bank bullion trader, providing the insider admissions. He and they refused for four years to provide any credentials that he in fact was what he and they said he was. Murphy promised to pay me $5,000 in our 2011 debate at the Silver Summit. We provided evidence that Maguire is totally not what he and they claimed he was. He was and is a fraud, an attention seeker who created a false past for himself and let others run with it. When I jokingly asked Murphy for my $5,000 last Thursday, he chest-bumped me, put his hand around my throat, and filled the air with school-boy expletives. (I have offered a reward for a photo of it. I am seen laughing in the picture; he was so pathetic.) Of course I do not expect Murphy to pay me, just as I do not expect him to ever be able to say one honest thing.
Sorry if a lot of this does not directly address Maguire prescriptions, but the only one I ever saw was a fake, too.
Hope this helps.
In closing, one other piece of advice, and I hope it does not come across as condescending or pompous to thin-skinned critics of mine. After you read the documents countering the conspiracy theories, go to the other sections of our Library where you will find all sorts of documents about the real gold and silver markets, for free, which may be of interest and help to you in investing and saving metal.
Regarding the comment about Silver Stackers not viewing silver as an investment but as a safe haven to be held regardless of short or long term price trends: Let me assure you that I agree. I have long term gold and silver holdings, too, for just those reasons. When the Cheney administration started harassing me a few years ago, I added to the position. I also have investment positions. My advice to our clients is that some portion of your assets should be an insurance program against the ultimate catastrophes. Depending on how wealthy one is, that could be a small or larger portion. The rest should be put into assets to prosper in economic, financial, and political situations short of complete collapse, which are statistically more probable to occur than complete collapse.
Finally, regarding posting a photo: I realized that was a joke when you asked for a smiling visage. I don't think I have smiled since 1973! Seriously, I would have to figure out which button on my computer to press. Maybe that's weekend work. Unfortuantely, my tech savvy two children are grown and don't live with us anymore.
Thanks. I am starting to enjoy this.
Jeff
A realist!
