Butler Research - Way back in prehistoric times, before electronic gaming, children used to entertain themselves with certain hand games. I was always more of an “odds or even” gamer in which the choice was to display one or two fingers and outguess your opponent. The more sophisticated version was “rock, paper, scissors” which given the slightly greater […]

Butler Research - The best way of approaching silver is to hold it on a fully paid-for long-term basis, as I believe the gains will be dramatic enough to make up for passing on the lure of margin. I am particularly intrigued at this time by what I perceive to be the short-term set up in silver. We’re […]

Butler Research - For those who have come to be convinced of the silver price manipulation, as well as those who remain unconvinced, I ask you to put aside all thoughts about derivatives trading, concentrated short positions and epic double crosses and think about something completely different. Please accept this as an open invitation in which no prior […]

Butler Research - I hadn’t planned on writing about the very sharp selloff that started yesterday (Tuesday) in gold and silver, but can’t imagine anything more on investors’ minds – mine included. No amount of prior mental foresight fully prepares most for the type of selloff underway – no declarations of an overbought technical condition, warnings of increase […]

Butler Research - Today, I would like to take a stroll down memory lane and revisit an issue that dominated the endless and often heated daily conversations I had with my dearly departed old friend, Israel Friedman. In the early days (circa the mid-1980’s), Izzy’s interest in my allegations of a short selling scam on the COMEX went […]

Butler Research -   A question from a close associate a week or so back prompted a whole new line of thought. The question set me back so much that I told him I had to think about it before responding. I’ve thought of little else since. The question was whether the big buyers of the 300 million […]

Butler Research - The big silver story continues to be the surge in deposits of physical metal into the world’s silver ETFs. This past week, the amount added to the silver ETFs blew the doors off, as more than 28 million ounces were added. This is the annualized equivalent of nearly 1.5 billion ounces or nearly twice as […]

Butler Research - The silver market appears ready to blow its top, much like a pressure cooker whose relief valve stopped functioning even as the heat and pressure continued to build. The gold market is also likely to overheat, but at least in gold, its relief valve – the price of gold – appears to be functioning somewhat […]

Butler Research - All things, both good and evil, come to an end. So it will be with the great silver price manipulation, which I date as having existed, in its COMEX-orchestrated version from 1983. Before that, of course, silver prices were never truly free, mostly as a result of some type of government interference. The US Government […]

Butler Research - I am going to describe something that, upfront, I know you will likely find far-fetched and will have trouble believing, even after you think it through. Nonetheless, I respectfully request that you persist in trying to grasp what I’m about to describe because if you do you will come to understand something that took me […]

Butler Research - One wants to be careful about seeing things as previously predicted, but not so careful so as to not recognize when things seem to be playing out exactly as expected. Recent news stories and events seem to be in accord with a number of my central themes, but I’ll present the case as I see […]

Butler Research - Having focused intently on the running open losses of the 8 big shorts (ex-JPM) for the past year, the latest price surge would seem to put the 8 big shorts in particular serious jeopardy. Simply put, the open losses ($7.8 billion, as of Friday, May 15) have never been larger, while the prospects for the […]