In the same category

Jim Cook Interviews Ted Butler

IMG Auteur
Published : February 14th, 2019
664 words - Reading time : 1 - 2 minutes
( 0 vote, 0/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
1
comment
Our Newsletter...

Theodore Butler writes a $400 newsletter on silver. He is considered by many to be the world’s foremost authority on silver. Eighteen years ago he predicted that silver would go up ten times, which it did. We caught up with him at his home in Florida.

Q: As the world’s leading silver bull, are you expecting fireworks in silver?
A: More so than ever.

Q: You know of course that a lot of people who own silver have grown impatient. What do you say to them?
A: I feel the same impatience, however my expectations are based upon an extremely bullish set of facts. Impatience has nothing to do with it.

Q: How do you arrive at your bullish facts?
A: I study the Commitment of Traders and Bank Participation reports and numerous other statistics, trends and reports. There are any number of bullish arguments for why silver is a great buy right now.

Q: What are some of those bullish arguments?
A: Silver has never been more necessary. It is a vital component of just about every modern product. Production of silver has been flat for years. Quite simply, there will not be enough silver to go around and price rationing will be required.

Q: Anything else?
A: What makes the case for buying silver so compelling is the current low price. If silver was priced at $30 or $50 or $100 an ounce, the argument for buying would be much less compelling.

Q: Why is the price so low?
A: Because the price has been rigged by excessive paper speculation on the COMEX, largely at the hands of JPMorgan. For 11 years, JPMorgan has been the largest paper short seller and for the past 8 years it has also been the largest physical silver buyer. It is the financial manipulation of all time and I believe totally illegal.

Q: I know you have maintained this for years, but nothing’s come of it.
A: It certainly explains why silver has been down for so long.

Q: People want a reason for this long period of depressed prices to end. Do you see any reason?
A: Yes I do. On Nov. 6, the Department of Justice announced it was conducting an investigation of manipulation of precious metals prices on the COMEX. It came as part of a guilty plea by a former trader of JPMorgan. To me, this represents the greatest single opportunity for busting JPMorgan’s manipulation of silver prices.

Q: What if the Justice Department doesn’t see what you see?
A: We’re talking about both the Justice Department and the FBI. I consider it highly unlikely that either would conclude differently. Instead of asking me what if the DOJ and FBI don’t see what I allege, you should be asking what happens if they do agree with me.

Q: What happens if they agree?
A: It means the silver manipulation comes to an end and the price is set free. Consequently, you would be much better off owning it now because afterwards it will be obvious to the world what has been going on in silver.

Q: What happens if you are wrong?
A: If I’m wrong and the Justice Department doesn’t step up to the plate and end the manipulation, the downside is limited because the price of silver is already in the gutter and close to the cost of production. It’s not often one gets such a low risk and high profit opportunity.

Q: So you’re saying that things would stay the same?
A: No, I’m quite certain the Justice Department will act to some degree. In any case, JPMorgan’s role is going to diminish because the world is finding out what they have been doing. For one thing, they have accumulated 800 million ounces of physical silver. They know silver’s potential. That fact will prove to a lot of investors just how bullish the future is for the price of silver.

Jim Cook is the president of Investment Rarities Inc.

<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
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
WebsiteSubscribe to his services
Comments closed
  All Favorites Best Rated  
Can't forward email of article!!!
Latest comment posted for this article
Can't forward email of article!!! Read more
rkireilis - 2/15/2019 at 6:47 PM GMT
Top articles
Latest Comments
Crisis? What Crisis?
11 Maycarlomar-1
This is an excellent article, it deserves 5 STARS, your rating system is failing. I wanted to give it 5 STARS and the system marked obly one. M...
Crisis? What Crisis?
13 MayJ.-1
Yes! A return to constitutional government is what is in order.
More Trouble in Mexico: Second Largest Silver Mine Suspended Operat...
06 Mayrokdok25
I thank you for outing a thoroughly rapacious operation which not only harms the environment and its local communities, but which damages the reput...
Body Armor: Because If You’re Shooting Down Range, You Can Bet Some...
04 Mayprljr-1
Ah, sympathy for the triggered child. how sweet
Tom Petty was Right
01 Maywalkingdead1
The always insightful Mr Kunstler had me captured with his opening sentence: "anxious, fearful, and stressed-out", which pretty much describes my o...
Boeing 737 Max Unsafe to Fly: New Scathing Report by Pilot and Soft...
30 Aprsneezy671
The "Anything to save a few bucks" routine and we the passengers lose big time. Replacing costly intense pilot training for particular aircraft wit...
Body Armor: Because If You’re Shooting Down Range, You Can Bet Some...
27 AprWatchdoctor0
Hey, I love ya, and so do a lot of the other guys. You hang in there ! https://www.youtube.com/watch?v=msn-mDaJInA
Body Armor: Because If You’re Shooting Down Range, You Can Bet Some...
26 AprS W.-2
Honestly.. I thank those for all the down arrows Just confirms how effing stupid your below average sub human American can get. Good luc...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS