Time to clear up the most common misconceptions about Wynter Benton

Time to clear up the most common misconceptions about Wynter Benton and this blog.

1. I am in no way affiliated with the Wynter Benton Group. I don't know who they are.
2. I am in no way endorsing anyone trade based on what Wynter Benton is saying or has said.
3. My purpose as far as WB goes is to simply document and archive. It may be important it may not.
4. Wynter Benton is not the posters real name (The real Wynter Benton was a stripper in San Fran I believe).
5. I have tried to make all of this very clear from the beginning and yet I keep having to repeat these statements.
6. WB has said time and time again to do your own due diligence.
7. It is obvious it would take just a few millionaires or one liquid billionaire to break the Comex.
8. As for payouts with a premium. Long suspected but never proven. Entirely plausible though that someone could blackmail a group of fraudsters. 
Actually there is one documented proven case of someone receiving a 20% premium. If memory serves it was Rick Ackerman.
9. If WB is the real deal then they are Hedge fund traders with an axe to grind and make money. Remember the old story about the scorpion hitching a ride across the river.



It amazes me that people will read little bits of this story, repostings and speculation without reading everything and then passing judgement. Does anyone do due diligence anymore?
It amazes me that I have been accused of doing this for money, to drive traffic to the site etc. when clearly the site is not monetized. Not a single ad in sight or on site.
Based on the stats on this site people are quite content to have others tell them how to think. Based on the number of hits on the important article on this site it is clear only a couple of hundred have actually read all the postings.

It is clear from my perspective there is something very wrong with the Comex. It is clear to me because GATA has documented, Harvey Organ has documented and Andrew Maguire has even blown the whistle on it. It is also clear when you look at the patterns of trading. There are beat downs on the exchanges that are almost like clockwork in time and place. The sheer volume of paper traded dwarfs the physical reality. We can neither trust what WB is saying nor believe what the Comex is saying.
However, if you had traded based on what WB has said you would have made money. Was it baked into the cake as so many tech analysts have called? DYODD.


To sum up we make our own reality. If enough people think Wynter Benton is real they are real. If enough people heed the call of Max Keizer we all become Wynter Benton.

20 comments:

Mike said...

It's one thing if a "Wynter Benton" wishes to post in your blog comments. All information posted in blog comments is unsubstantiated hearsay. Especially from anonymous posters.

But it's an entirely different matter if you repost his alleged information on your blog. For that lends credence to hearsay.

If you did not know this "Wynter Benton", I think you were wrong to post his alleged information on your blog unless you confirmed it with another source.

In my opinion, you and all bloggers should post only what you've researched and stand behind. But not hearsay from some anonymous poster.

Some of big run up in silver recently may be attributable to this "Wynter Benton" postings. If he is not legitimate, then you and other bloggers have unwittingly enabled his fraud and manipulation by reposting his alleged information as blog content.

Whisperer said...

People will always throw mud and make accusations. As you say, Louis, you collect and archive the comments. You state clearly that you are collecting and archiving the comments.

After that... ... ya gotta ignore the mud.

Your efforts are appreciated.

victorthecleaner said...

I wrote in a previous thread that I do not believe the most recent message of the user 'amber' (here) who is thought to agree with 'Wynter_Benton' (on the Yahoo! board), is from an experienced banker, investor or trader.

The WB messages that I find most interesting are those of
20-Nov-10 07:06 am and
21-Nov-10 08:11 pm
because they contain some details about the bullion derivatives prosition of a well-known institution.

The problem I have with these two messages is that
1) AIG Financial Services was headed by Joseph Cassano, but not by Joe Conason (whoever that might be)
2) If they had written calls at 36, an insider would have said "they wrote calls at 36" rather thank talking around the issue in obscure language.

Cheers,

Victor

Louis Cypher said...

Victor,
I think that is the problem most people have with the WB stuff. You never know if it's WB1, WB2, WB3, Samsterns etc etc.

Sometimes the message is to the point and displays knowledge other times ... not so much.

The COT report will give us clues especially around stand and deliver dates.

Louis Cypher said...

For some reason some posts don't appear but I find them in my email inbox. I have no idea why but in any case the post below is from Mike. Mike I'll refer you to Whisperers comment at the top.

Mike has left a new comment on your post "Time to clear up the most common misconceptions ab...":

It's one thing if a "Wynter Benton" wishes to post in your blog comments. All information posted in blog comments is unsubstantiated hearsay. Especially from anonymous posters.

But it's an entirely different matter if you repost his alleged information on your blog. For that lends credence to hearsay.

If you did not know this "Wynter Benton", I think you were wrong to post his alleged information on your blog unless you confirmed it with another source.

In my opinion, you and all bloggers should post only what you've researched and stand behind. But not hearsay from some anonymous poster.

Some of big run up in silver recently may be attributable to this "Wynter Benton" postings. If he is not legitimate, then you and other bloggers have unwittingly enabled his fraud and manipulation by reposting his alleged information as blog content.

victorthecleaner said...

Hi,

I would like to defend Louis Cypher here - I don't think he misrepresented anything. He may have just assumed that everyone had already read the previous mesages and was on the same page. I think everyone who followed the lead from the Yahoo! board here, knew it was a simply a 'romour' that is impossible to confirm. It was a good idea to collect all bits and pieces in one place: here. You never know what happens to contentious messages on servers that belong to a big corporation.

Louis, concerning WB1 or WB2 or whatever. It might be someone who occasionally talked to an insider but who only learned their finance from the internet and who made up a fancy story around this information.

btw: 36 and then 40 are getting closer, and so we can relax, have some popcorn and watch.

Victor

Louis Cypher said...

Thanks guys I appreciate the support.
I was talking with Harvey this evening and I recommend everyone tune in to what he has to say.
Nothing to do with WB. Not trying to be cryptic. It would be just would not be fair to steal his thunder.

silverto500 said...

LC, again, kudos to your efforts.

looking at the reactions of people regarding WB & gals, it is totally obvious that only a few people did their homework.
- they should know why you started picking up WB on your blog
- they should know that as you state, "if you had traded based on what WB has said you would have made money. "

fellas, go back to the Yahoo boards and read all messages of:
wynter_benton, samstern666, samsterns2006
It just takes half a day at most.

Check also the one thread by robbie_berger:
http://messages.finance.yahoo.com/ETFs_%28A_to_Z%29/ETFs_I/threadview?m=tm&bn=29797&tid=54048&mid=54048&tof=-1&rt=2&frt=2&off=1

silverto500 said...

Google for all messages of "stuey" on Turd's blog.
Also, the few comments by "McClure" on Turd's blog are also interesting.
Lookg at "amber"'s comments on this blog.
Have I forgotten someone?

Calling bs on wb is totally fine. In fact, stick to your investment strategy. but at this stage, I still find this story just too interesting to ignore.

meanwhile, victorthecleaner, I find your comments very productive. it is good to have another person state thoughts which you also have regarding some question marks (premium settlement, default etc.). please keep on posting your critical thoughts. while a lot of readers do know the basics about the futures trading, not everyone is in the "lucky" position to have direct experience or e.g. a friend sitting in London or in the pit to answer questions.

Brian said...

Louis i support what you are doing and please dont stop. im not a trader so i have a totally different perspective on all of this stuff. i have been following SGS, Turd and Screwtape for several months now and i find it all very interesting. and im really learning a lot, i actually wish that i would have learned about tall this stuff a long time ago.

as for the WB stuff, regardless if its true or not it makes for great theater. there are times that i think that i should archive everything and write a book about it all. cause i believe that we are watching history unfold before our very eyes, and that in itself is really cool. i have also come to realize that it really doesnt matter if WB is for real. the dollar and America are unfortunately doomed, the numbers just dont lie.

i view everything that is going on from a Biblical and historical perspective. but im not going to get into that right now. but please keep it all coming to us. i love it. its better than anything that you could find on tv. so thank you all. i will be following, just wish that i could contribute a little.

amber said...
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Louis Cypher said...
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amber said...
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Louis Cypher said...
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Ferdinand said...

LC,
Just wanted to add my 2 cents. I think it has been great that you organized the WB and other posts. Everyone has been given a brain and should use it. If you are buying and selling anything without knowledge and/or homework, your deserve what you get. Thanks again, you have helped me.

Louis Cypher said...
This comment has been removed by the author.
amber said...
This comment has been removed by a blog administrator.
Robert Leroy Parker said...

Louis, why the deleted posts?

Louis Cypher said...

A little back and forth between me and Amber. I needed Amber to verify Amber was in fact Wynter_Benton and not a poser. Just going to post something in a minute to clear that up.

sierra_hpbt said...

All I can say is this.. Amber.. please let silver run to 50.00 by April 24th. thats when my May 38's expire. I will then have lots of ammo to join in.!