The commercials lure the technical funds in by allowing prices to rise and selling short as the tech funds buy...and at a time pre-determined by the commercials, they then rig prices lower to induce tech fund selling so that the commercials can buy back their shorted contracts at a profit. Means, method and opportunity. I would say that only the CFTC can’t seem to see this, but even that is not possible any longer. The CFTC can see it for sure; they just look the other way, to their everlasting shame. - Silver analyst Ted Butler...08 December 2012

I find this quote from today's column quite confusing. He says that the commercials "lure" the tech funds into buying. Then he says that only the CFTC can't seem to see this. If the tech funds allow themselves to be "lured" day after day then it would seem that they, along with the CFTC, can't see what is happening. This appears to mean that the tech funds are losing money repeatedly to the benefit of the commercials but that the tech funds can't seem to figure out what is going on. If my interpretation is correct this would appear to be a case of outright insanity. What am I missing here?