Bart Chilton To Commodities Traders: You Are On Your Own

Tyler Durden's picture

While the government is by and large shut down, the various market "regulators" have been quite vocal in reiterating that they will stay open. After all - in a world in which the capital markets are the only policy (not to mention confidence boosting) vehicle left, one can't have a situation in which mom and pop investors lose faith in "free, efficient and unbroken markets" and stay out. The SEC went so far as to post the following announcement on its site: "The SEC will remain open and operational in the event the federal government undergoes a lapse in appropriations on October 1."

However, this appears to be the case only for stocks.

For commodities, such as gold and silver which both got pummeled around the usual time of the London fixing as reported previously, it is a different matter entirely. Bart Chilton, in this email exchange with a reader, explains why investors in non-stock instruments are as of this moment, largely on their own.

From: Chilton, Bart <>
Date: Tue, Oct 1, 2013 at 9:32 AM
Subject: Re: Today's Smackdown


No regulators looking at markets due to government shut down.




NOTE: Ponzimonium: How Scam Artists are Ripping Off America, is now available in a FREE EBOOK edition. Go to the link for your copy and a Government Book Talk interview:

* * * 


Sent: Tuesday, October 01, 2013 09:16 AM Eastern Standard Time
To: Chilton, Bart
Subject: Today's Smackdown
Commissioner Chilton,


Any comment on this morning's shenanagins in the gold and silver pits?  Time to reopen an investigation?
Is credibility important to the CFTC?





Well, the government may be down, but at least Bart is willing to soldier on and since he is deemed "essential", is kind enough to not only reply to emails but also to recommend his recently published book, titled appropriately, Ponzimonium. As for the rhetorical question of how important credibility is to the CFTC, we are confident it is just that: rhetorical.

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strannick's picture

No Bart ''Banker Shill'' Chilton to regulate silver to ensure it is traded fairly??

So Big B will take his day off and go shopping for hair product. Long Vidal Sassoon.

fonestar's picture

Commodity traders?  Who is Bart talking to?

Does not compute.

hedgeless_horseman's picture



Bart Chilton To Commodities Traders:

I have seen things you wouldn't believe.  All those moments will be lost in time.

crakinshot's picture

I believe he made up those lines on the fly as they were not scripted.

hedgeless_horseman's picture



I've... seen things you people wouldn't believe... [laughs] JPM's balance sheet on fire thanks to that ...thing...Blythe. I watched gold glitter in the dark while GLD was nearly killed. All those... moments... will be lost in time, like [coughs] tears... in... rain. Time... to die...COMEX

FinalCollapse's picture

What fucking regulators? WTF? We do not have any working regulators for the past five years. WTF?

CPL's picture

If you want t know the real price of things call a pawn shop.  Spot + their mark up.  That's the price of PMs because it's not like any of his friends can deliver silver or gold.

Incidentally it also means Pawn shops just became bank's again because they actually are capitalized.

max2205's picture

Fuck..we've been on our own for decades

GetZeeGold's picture



Word up dawg.


This might actually level out the playing field.

nope-1004's picture

The press release has so many thing wrong with it, where to begin.

First of all, "trading" commodities shows the level of ignorance this man has during times of obvious gov't and market failure.  Anyone trading is an idiot.  Gold and silver are the real deal and the ONLY form of real money on this earth.  The man made money freaks don't want you to believe this, so they hammer the paper price.

Secondly, when the fuck have regulators not left the paper-pushers alone?  Regulators have been absent 100% of the time.  JPM, the BIS and ESF have been hammering the metals ever since 1990 while the "regulators", those smart people that are watching out for us, do NOTHING. 

So shut up, you ignorant I said before, you're a mimbo.  Really, you need to STFU.  You sound stupid.

It may help to read this.


ParkAveFlasher's picture

You guys are all missing the point.  Paulina Gretsky just discovered her young adult mammaries, and she doesn't quite know what to do with them, and she's looking for advice.

No news in Prof. Chilton leaving the apes' cages open again.

Herd Redirection Committee's picture

All natural, trust me!

Of course the definition of the word 'natural' is debatable in this instance.

TwoShortPlanks's picture

TSP to Bart Chilton: No Dick Head, YOU are on YOUR own. I will eat you last.

Gold will rebalance the sum of all Fiat expansion


fockewulf190's picture


A former CFTC regulator gets incurable gold fever and, in order to secure his families future, resorts to a life of crime looting phyzz from pawn shops, busting open safes and snatching stacks.

CPL's picture

Yup.  It's all an illusion.  Every last piece of fiat represents time wasted on worthless crap and job positions that come with it to maintain it.  You can tell because all the stuff people use the government for is shut down, and all the extraneous shit is still running in the government.  This guy John Riordan has an interesting rant/analysis on the subject.

chokeNpuke's picture

Bart Chilton aka caveman because that is what he looks like,..was never looking into this matter, Bart was picked by the government and works for the Government.

knukles's picture

To paraphrase Paul Volcker speaking years later about the Plaza Accord; "We didn't intervene in the gold market, but in retrospect, we should have" (Or something to that ilk.)

The Perceptions Must Maintain.

BigJim's picture

"We should never have let it get to $800"

DoChenRollingBearing's picture

Pawn shops, excellent info...

Physical gold will do just fine, paper Au, uhh...

PAWNMAN's picture

Good point. Although I'm in the pawn biz and haven't sold any Gold or Silver bullion for years.

Herd Redirection Committee's picture

No, indeed, why would you?  "We BUY Gold/Silver/Coins"

Thats your shop, no?

Rubbish's picture

This is a Veeeeery long fight. We have to teach our children to secure freedom in PM's and then over time we win.


No one can defeat endless fiat. Buy when it's time to rid some of your useless fiat, patience is a virtue. None of us are running out and going to buy Gold @ $2,200 an ounce in quantity now. Face the beast, face the mirror, live your life with confidence.

If you're crying about a 30%-50% loss, you should have never purchased in the first place. I own raw land also and don't cry, it will be there when I need it.

Bastiat's picture

A great scene in a great movie.  Rutger Hauer did write those lines--he was a poet before he was an actor..

Atlantis Consigliore's picture

Is that John, ?  John, MF Global? lost what lost? they were regulated seg funds, what LOST? lol.

commodities traders, stock traders, home owners RE, suckers.

crying with the FED printing fake dollars, like "TEARS IN RAIN"...... "TIME TO FRAUD."

jcorbit's picture

to Hedgeless Horseman. Terrific animation from Blade Runner. I would complete the phase "All those moments will be lost in time" by adding the end "like tears in rain." The end.

Bay of Pigs's picture

Certainly not his hairstyle.

Boris Alatovkrap's picture

Is Rutger Hauer in Bladerunner! Boris is love scene on rooftop where show TDK logo!

SubjectivObject's picture

Might'nt the Bladerunner video tape be TDK?  Would be an acceptable creative gratuity if so.

Also, others opine it fits with some subtexts of the film:

"What’s the difference between a replicant and a human being? In other words, what defines life? It takes Deckard an unusually long time to determine that Rachael is a replicant. “More human than human is our motto,” comments Tyrell.  A background advertisement during the climactic scene between Roy and Deckard echoes Tyrell’s remark. It advertises TDK, which makes blank video and audio tapes. Tapes are used for duplicating–or perhaps, replicating–and the slogan reads, “TDK–so real.”

MachoMan's picture

Ridley needs to answer the question about whether the alien universe is the same as blade runner...  It would make prometheus that much cooler...  (speaking of which, he needs to get to making the sequel already).

IndyPat's picture

IMDB lists an

Untitled Blade Runner Project
and a
Prometheus Sequel

So who knows?

Herd Redirection Committee's picture

I don't know, replicants and xenomorphs?  I guess there was the android in Aliens...

MachoMan's picture

Yes, and the time lines of the two series overlap...  apparently Ridley has hinted at this fact and never denied the possibility...  but I do believe he's said that there would never be a combination of the series.  The thesis is that the androids in Alien (which is the only alien film that is canon) are, in fact, replicants (who were used to "explore space").

MachoMan's picture

I believe the bladerunner sequel has been pushed back due to the commercial success of prometheus...  Harrison Ford has signed up and it covers them on their run from the "law" (obviously some years later, although with the CGI of a "younger" jeff bridges on Tron Legacy, they could probably roll back harrison's appearance a few decades).

The prometheus sequel should be pushed first (err I believe it has been demanded by the studios) and fassbender (incredible) and rapace have already signed up...  I strongly suspect the movie will largely involve those two and not feature too many other actors...  Ridley pointed out of the park for the sequel (leaving much to be desired from prometheus, i.e. many questions and few answers), so he's going to have to do something that probably hasn't been done in a while if he's going to meet the expectations of what was set up for the sequel to prometheus...  It didn't cover any more ground than 2001, but the sequel has the prospects of doing so, and then some [2001 is incredibly vague, although still being significantly insightful...  and directed by the best there ever was (who was routinely, purposefully vague, sometimes to the detriment of the purpose)].  I hope Ridley is up for the task...  and I see no reason he couldn't make the sequel into the movie many of us hope it could be...  [if they pull an aliens/3/4/etc. and don't let Ridley finish what he started (or if Ridley chooses a different path), then I'll have a shit fit...  not even cameron or fincher could do the prometheus sequel...  it could be an incredibly important movie and there aren't many who could pull it off, especially not in the sci-fi genre].

Nostradumbass's picture

Here is Rutger Hauer in a 30 year look back at Blade Runner - great interview and only 6 1/2 minutes

Boris Alatovkrap's picture

Plus c'est change, plus ce le meme chose.

Frank N. Beans's picture

votre français est mieux que votre anglais, Boris.


Boris Alatovkrap's picture

Merci spaciba, mon frere! Je have joyeaux en destruction de le langue francais!

Panafrican Funktron Robot's picture

Tout ce que je suis vraiment intéresse est qui sera éliminé dans Dancing with the Stars.

Boris Alatovkrap's picture

Il s'agit d'une chanson de groupe de rock célèbre, Rush, de Canadia.

sunaJ's picture

If you were TBTF, no enforcement has been around for years.

johnnymustardseed's picture

Perfect time for JPM to naked short about 400 billion ounces of something they never had........... again

Rat King's picture

He looks like Vigo the Carpathian from Ghost Busters