Last week the Department of Justice not only charged several JP Morgan traders with manipulating the market, but even invoked the RICO act, which is traditionally reserved for organized crime cases.

Of course for those who have been following Ted Butler’s research in recent years, the news hardly comes as a surprise. Although it does certainly add a new volatile element into the equation, which Ted was kind enough to join me on the show and discuss.

Because at this point, if the banks engineer a sell-off and drive the price lower, they’re going to have to do it in full view of a government investigation. If they don’t continue to add to their shorts, while central banks around the world lower interest rates and re-start quantitative easing, a more significant rally could well be close at hand.

The banks that are short are piling up some big losses and margin calls, which makes it a fascinating time to see what’s really going on inside the market.

And since there are few that have deeper insight into this particular matter than Ted, click to watch the interview now!

In part 2 of my interview with Ted Butler, we talked about how over 120 million ounces have been reportedly added to the silver ETFs over the past few months. And whether he thought that could have been possible while seeing silver only rise $4-5.

Ted also talked about the possibility of an investor converting SLV shares into physical, and how this all plays out. Whether it’s reasonable to have faith in the Department of Justice, or should they fail to act, how close we might be to the point where the amount of silver demanded by industry just isn’t available.

While the timing remains the great unknown, especially with the recent charges against JP Morgan by the DOJ, the facts are increasingly leading to a smaller set of defined outcomes. And to find out what those look like, and if there’s really been anything similar occur in history, click to listen to the interview now!