Commodity Trade Mantra

Posts Tagged ‘Ted Butler’

Silver and Physical Inventory Part 2 – The Big Silver ETF

Do you believe the ETF’s are actually backed by physical metal? We have some turnover in the SLV and it is counter intuitive. It has to do with avoiding SEC shareholding requirements and moving silver around that might be needed elsewhere. But generally speaking, I don’t have any reason to doubt that the SLV doesn’t have the silver to back the shares. I know a lot of people doubt it.

We're Close To A Point Where COMEX Price Manipulation Becomes Ineffective

Judging by the increasing numbers of commentators & observers now including the developments in futures trading on the COMEX as the prime price influence on gold and silver, I am greatly encouraged. I firmly believe that we are much closer than ever to the point where enough see the COMEX price manipulation to render it ineffective.

China’s Role In The Global (Paper) Silver Market

The Big Long in the paper-called-silver market (China?) is an entity only concerned with its own economic agenda, and should never be thought of as any “champion” of the small investor, even though it stands (more or less) against the corruption of the One Bank. It brings to mind the ancient, Arabic proverb: the Enemy of my Enemy is my Friend.

How Gold And Silver Price Decline And Short Covering Was Manufactured

JPMorgan rigs the price lower on those big down days, but not by selling enormous quantities of COMEX silver contracts short. JPM gets the price snowball rolling down by selling a small quantity of contracts short at critical times with the intent of inducing technical funds to sell larger quantities which JPM & other commercials then buy.

Ted Butler’s Silver Price Outlook

What do we make out of the current gold and silver futures positions? One thing is clear, as both Butler and Steer have reiterated, the rate of accumulation in short positions of commercial traders during the next rally will determine to which extent the rally will run. I’m thinking the commercials and JPMorgan will let it rip this time.

JPMorgan Holds Lowest Silver Short Position Since 2008

JPMorgan’s short position in silver is now down to about 11,500 contracts, their lowest short-side corner in the Comex futures market since taking over the silver short position of Bear Stearns in 2008. And not to be forgotten in all of this, is the equally extreme short-side corner in the Comex silver market held by Canada’s Scotiabank.

How The Coming Silver Bubble Will Develop

While I respect anyone’s reasons for buying & holding silver, my mission has always been to help end the manipulation and be done with silver after that was accomplished & reflected in the price. And if history & logic win out, the silver manipulation must end, not the least because of the coming clash between paper & physical silver.

Gold and Silver Manipulation Isn’t Hidden, It’s Right In Front Of Your Eyes

Even though financial institutions are rigging the price of gold and silver daily in the markets, the real manipulation is taking place in broad daylight. They designed a system to siphon the public’s wealth away from physical assets or high quality stocks-bonds & into a highly leveraged derivatives paper market that has no future.

A Real Surprise about Silver Manipulation and the CFTC’s Role in it

After more than 25 years, I know better than to place all hope for ending the silver manipulation on any one government agency. But the coming silver shortage will accomplish that in time anyway. Still, the apparent interest on the part of the GAO should not be minimized in its potential importance.

Is Copper About To Pull Silver Higher?

Given the significant correlation between copper & silver, its worth looking at copper futures market to get an idea of the future direction in silver. Combination of long term chart support in both, extreme silver short positions by technical funds & relaxing of copper short positions, could be a healthy mix for silver going forward.

The Accidental End To Silver Price Manipulation

It should be clear now to precious metals observers that gold & silver price manipulation is just as common to the metals as it is to every other asset class. The resolution will not come from organized efforts. Be it regulation or legal class action, market forces will more than likely assert themselves.

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