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Butler sees silver's price appreciation potential far greater than gold's

IMG Auteur
Published : November 14th, 2012
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Category : GoldWire

 

 

 

 

Silver market analyst Ted Butler, interviewed yesterday by MineWeb's Lawrence Williams, discussed manipulation of the market but reasserted his belief that silver's price appreciation potential is far greater than gold's. The interview is posted at MineWeb here:

http://www.mineweb.com/mineweb/view/mineweb/e...&sn=Deta...

 

 

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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Ted Butler has been banging on about manipulation in the silver market for years. An enquiry has been ongoing and has a result been produced? Not to my knowledge but I am not a big follower of this issue. Some may say it will be a whitewash. I do not kno  Read more
S W. - 11/15/2012 at 7:46 AM GMT
Rating :  1  0
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Ted Butler has been banging on about manipulation in the silver market for years. An enquiry has been ongoing and has a result been produced? Not to my knowledge but I am not a big follower of this issue. Some may say it will be a whitewash. I do not know.
I think he has been wasting his time. He thinks that the big players are dumb amateurs and don't know what they are doing...that they are holding this big short position.
True...look at the COT.
The thing he should be looking at is how much silver that they are holding/hoarding/or spreading.
My bet is they have STACKS and when they close their short positions watch the price go up.
Further it is complete foolishness to speculate on how high that price will rise. So called experts have been doing that for years and where is it today??..much less than both times it hit $50 HA Ha.
PS i hold silver.
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