Tag: ted butler

Ted Butler: The Coming Silver Shortage

Ted Butler: The Coming Silver Shortage

What it comes down to is how much longer the COMEX-orchestrated price can delay the physical silver crunch and shortage to come? I don’t have the answer, but I am confident that this is the right question. I am also confident that once a wholesale physical silver shortage kicks in, that shortage can’t be further contained by derivatives trading and most likely will have to burn itself out the old-fashioned way – by allowing the market to discover the true clearing price. The trick, of course, is to be positioned before the physical shortage is reflected in price.

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Ted Butler: Turning $1 Billion into $5 Billion

| August 21, 2015 | Category: Trading
Ted Butler: Turning $1 Billion into $5 Billion

Today, I will attempt to make the case for how one might go about turning one billion dollars into five billion dollars by buying silver. At first, some of my specific points might seem to be at odds with my long held argument that fully paid for positions in the actual metal at current price levels are as close to a sure thing as it gets in the investment world. But it is still my conviction that owning unencumbered and unleveraged metal is the best way to go; what’s different about this article is that it is directed to any entity that can plunk down a cool billion dollars or more in buying silver.

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The End Of Silver Price Manipulation – The Ultimate Confirmation

| June 22, 2015 | Category: Price
The End Of Silver Price Manipulation – The Ultimate Confirmation

While many feel that JPMorgan will continue to manipulate and cap the price of silver forever, the actual amount of money that the bank stands to make on sharply higher silver prices dictates otherwise. Of course, the bank is likely to depress the price of silver for as long as it can accumulate more actual silver and do so without too much outside notice of what these crooked market operators are really up to. The moment one or both of those conditions change, there is no reason for silver not to take off to the upside.

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Ted Butler: Stepping Up to the Plate

Ted Butler: Stepping Up to the Plate

Following last Wednesday’s article suggesting that silver mining companies write to the CFTC (which I did make public at the urging of subscribers), one mining company (befitting of its name) became the first to do so. The CEO of First Majestic Silver Corp, Keith Neumeyer, became the first miner to write to the CFTC concerning the massive historic one-week repositioning of speculative positions on the COMEX that far exceeded anything occurring in the real world of silver production or consumption. While I hope additional mining companies take the matter up with the agency, Neumeyer not only did the right thing, he set a precedent that, to my knowledge, had not previously occurred in the 30 years that I have closely followed the silver market and, most likely, long before that.

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Ted Butler: The Biggest Silver Haul In History

Ted Butler: The Biggest Silver Haul In History

How in the world can JPMorgan eventually sell hundreds of millions of ounces of silver without flooding the market and causing prices to crash? This is what JPMorgan does as a regular part of their business – accumulate and then liquidate massive market positions before most people get out of bed every morning. It is second nature to them. In my opinion, this silver will be sold before most people realize they bought it in the first place. Buying 350 million ounces of silver was the hard part, selling it will be a snap.

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Ted Butler: An Unavoidable Comparison With Silver Manipulation

Ted Butler: An Unavoidable Comparison With Silver Manipulation

A rare event occurred this past week; the CFTC charged a major food company, Kraft, Inc., with price manipulation in the wheat market. You can count on one or two hands the number of times the federal commodities regulator has charged anyone with price manipulation in its 40 year history.

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Ted Butler: More Evidence Of JP Morgan’s Manipulation Scheme In COMEX Silver

Ted Butler: More Evidence Of JP Morgan’s Manipulation Scheme In COMEX Silver

Ted Butler has written extensively about silver manipulation. He has been the first analyst in this area to explain in great detail the mechanics of silver manipulation, but also to provide hard evidence on numerous occasions. In his latest update to his premium subscribers, he explains how JP Morgan is applying manipulative tricks in the March 2015 futures contract on COMEX silver.

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Commitment of Traders Report: JP Morgan Still Short Silver Around 18,500 Contracts

| March 2, 2015 | Category: Trading
Commitment of Traders Report: JP Morgan Still Short Silver Around 18,500 Contracts

This is an excerpt from Ed Steer’s Gold & Silver Daily Newsletter, with an overview of the most actual COMEX futures market positions.

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COMEX Gold Analysis – Has Gold Bottomed?

| February 23, 2015 | Category: Trading
COMEX Gold Analysis – Has Gold Bottomed?

Both Ed Steer and Ted Butler consider the COMEX market structure as evidenced by the latest COT report not very good. Ed’s estimate is that we still have about fifty or so dollars to the downside left in gold, and maybe one dollar or bit more in silver. However, he adds to it that if the commercials really want to get aggressive, we are nowhere near a price bottom. That confirms our chart analysis. Gold bulls should be prepared, as there is not enough evidence yet of a final bottom.

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Ted Butler: A Remarkable Proposition

Ted Butler: A Remarkable Proposition

A remarkable new paper by a Cornell law professor and CFTC staff counsel suggests that many aspects of high frequency computer trading (HFT) may be, in fact, illegal under various provisions of basic commodity law. Heretofore, it was generally assumed that HFT was legal, but disabused and impacted markets in disruptive manner on occasion. Many, like myself, never looked on HFT favorably, but few have tried to make the legal case against it. Scopino looked at HFT not through the universal perspective of something that’s here to stay and that we must get used to; to looking at it through an interpretation that it might violate existing law. His conclusion appears to be that much of HFT is not properly aligned with existing commodity law.

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We Are Close To A Point Where COMEX Price Manipulation Will Become Ineffective

| February 10, 2015 | Category: Investing
We Are Close To A Point Where COMEX Price Manipulation Will Become Ineffective

Judging by the increasing numbers of commentators and 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. We are not there yet, but that day will come.

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Nobody Understands This Huge Scam In The Silver Market

Nobody Understands This Huge Scam In The Silver Market

The manic in/out movements in COMEX warehouse silver stocks, and the record high silver eagles and silver maple leaf sales in the face of punk retail sales, are the silver stories of the decade, if not this very young 21st century. Why is nobody else talking about this?! This whole thing screams of what some might call a fraud or a scam.

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Ted Butler’s Comments On The Latest COT Report

| December 2, 2014 | Category: Trading
Ted Butler’s Comments On The Latest COT Report

In the Managed Money category, the traders there covered 6,776 short contracts at a huge profit. This short covering by the Managed Money traders was all rocket fuel that Ted Butler says won’t be there on the next rally, which may be underway. The ‘non-blinking’ non-technical funds in the Managed Money category blinked a bit, as they sold 1,652 contracts of their long position.

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How Gold And Silver’s Price Decline And Short Covering Was Manufactured

| November 18, 2014 | Category: Investing
How Gold And Silver’s Price Decline And Short Covering Was Manufactured

I can peg JPMorgan’s formerly manipulative short position in COMEX silver as now being no more than 8000 contracts and quite probably even lower. Never, since acquiring the massive short position of Bear Stearns in 2008, has JPMorgan’s silver short position been lower. Considering how much physical metal I believe JPM has accumulated (SLV, Silver Eagles, etc.), JPMorgan has never been better positioned for a real upside move in silver.

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