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Jim Cook Interviews Ted Butler: JPM, Silver Investors & More

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Published : May 22nd, 2019
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Cook: A lot of silver investors are frustrated these days. Can you give them any hope?

Butler: I'd be lying if I said I wasn't frustrated as well. But I have no doubt that silver will eventually prove its great worth.

Cook: Does everything still depend on what JPMorgan does?

Butler: If you don't know by now that silver is manipulated by COMEX paper trading, largely at the hands of JPMorgan, you’re missing the whole story.

Cook: Ok, we get all that. We want to know when will it change? 

Butler: When JPMorgan decides it will change. Look, you know I can’t tell you the precise time in advance.

Cook: Is that the best you can do? People are getting tired of hearing that.  

Butler: Tired of what – the only explanation that makes any sense?

Cook: Calm down, you can’t blame people for being impatient. 

Butler: OK, I understand that.

Cook: Do you understand why some people doubt you? 

Butler: I know that some people doubt what I say. However, just before he died, the former CFTC commissioner, Brad Chilton, confirmed that JPMorgan was under investigation for manipulating the price of silver. That should end any doubt.

Cook: You’ve made some astonishing predictions on how high the price of silver could go. What’s your reasoning on this?  

Butler: I’ve tracked JPM’s every move. They have accumulated 850 ounces of physical silver. They anticipate making billions on this hoard. That’s a big, overpowering reason to own silver.

Cook: Anything else?

Butler: Yes of course.by holding the price of silver down, they interrupted normal supply and demand factors. Low prices discourage mining and reduce supply. Alternatives to silver for industrial use hardly exist because nobody looks for them when prices are low.

Cook: What else?

Butler: Silver is truly a miraculous metal. Most of all it’s the greatest low cost conductor of electricity. That’s why 100 million ounces are used for solar power each year. It’s an electric world and silver is used in everything electric. If it wasn’t for JPM holding down the price while they hoarded it, I think we’d be close to $100 an ounce right now.

Cook: Do you think we’re still going to go there?

Butler: Yes, and maybe a lot more.

Cook: Why do you say that?

Butler: The supply is thin and we could have an industrial shortage. The users have to have silver at any price or shut down their factories.

Cook: What about investment demand?

Butler: That will kick in with rising prices. When that happens I don’t see enough silver existing to meet the demand. That’s when it will get interesting. The silver price will have to burn itself out at much higher levels. It’s going to be one for the ages.

May 22, 2019

info@butlerresearch.com

contact@investmentrarities.com

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Ted Butler is an independent Silver Analyst who has been publishing unique precious metals commentaries on the internet since 1996. He offers a subscription service with once or twice weekly commentaries including detailed analysis of the Commitment of Traders Report, regulatory developments, supply/demand considerations, and topics of interest to investors in precious metals, with an emphasis on silver
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850 ounces ?? that's nothing. typo
As for manipulation..read keith weiner.

Silver still in downtrend that's been going for 8 years so I have no idea why TB cannot see that and therefore should have been short making lots of dough and could buy more bars with the profits when the trend changes. Given his record nobody should listen to anything he says.
So we have a double bottom almost a triple ??? There is plenty of time if you are a fan of silver to wait till that trend is obviously changed e.g. a close above 20 or even 50 day moving average
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850 ounces ?? that's nothing. typo As for manipulation..read keith weiner. Silver still in downtrend that's been going for 8 years so I have no idea why TB cannot see that and therefore should have been short making lots of dough and could buy more bars  Read more
S W. - 5/23/2019 at 7:31 AM GMT
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