ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
June 18, 2024 | Silver Market Manipulation Adversary Ted Butler Dies
Friends confirmed tonight that silver market analyst Ted Butler, who exposed and became the scourge of silver market manipulation for almost three decades, died Saturday. Butler lived in Florida and wrote about silver market manipulation since 1996. In 2009 he formed Butler Research LLC and began publishing a subscription newsletter. He often scolded the U.S. […]
May 30, 2024 | The Silver Secret
Two of the oldest commodities known to man, gold and silver, share a history dating back thousands of years. The role of gold has changed little through the passage of time. The same cannot be said for silver. In fact, it is the remarkable transformation in the usage of silver that has set the stage […]
April 30, 2024 | Losses
The Office of the Comptroller of the Currency’s Quarterly OTC Derivatives report covers the over-the-ccounter derivatives positions of the U.S. banks. For many years, the only two banks that mattered in the precious metals category were JPMorgan and Citibank. About three years ago, Bank of America burst onto the scene, as a giant new participant […]
April 16, 2024 | Friday 4/12
It’s hard to overlook the tremendous price volatility that occurred on 4/12, when both gold and silver established new recent price highs, only to fall precipitously by the close of trading. At the time of the sharp selloff, the only market open was the COMEX, with markets in London, China and everywhere else closed. Therefore, […]
April 9, 2024 | Selective Law Enforcement
JPMorgan took over Bear Stearns in 2008, inheriting Bear’s massive short position in COMEX silver (and gold). There was a formal investigation by the CFTC’s Enforcement Division that began as a result of my request to readers to write to the CFTC about the massive short position held by JPMorgan. 5 years later, the investigation […]
March 21, 2024 | Silver Contrarian
Physical conditions in silver, appear white-hot bullish. New silver import data from India indicates more than 70 million ounces were imported into that country in February. This is a number so large it raises questions about why silver didn’t rally more. If an amount of any other commodity equal to a full month’s world production […]
March 4, 2024 | The CFTC’s Response
The long-awaited response from the CFTC to my congressman’s office about my concerns of the possible double-counting of publicly reported silver inventories, originally sent to the agency in mid-November was received by me Friday morning, March 1. To refresh you with the issue, I asked the CFTC (along with the S.E.C.) to make clear whether […]
February 22, 2024 | Locked and Loaded
We have now reached the point in silver (and gold) where it is difficult for me to see how prices don’t quickly explode. Everything I look at, from a physical supply/demand perspective to the paper positioning set up on the COMEX, tells me we are at the point where only an upward price surge makes […]
February 19, 2024 | No Reply
There has been no reply from the CFTC for 13 weeks to a question I posed through my congressman’s office about double-counting of silver inventories. However, two days ago my congressman’s office told me that the agency intends to respond although the office couldn’t say when. As a result, I still expect a response, although […]
February 2, 2024 | A Big New Development
A recent development in COMEX silver futures positioning has been unusual enough that I didn’t detect it at first, because it has been somewhat gradual. Over the past five reporting weeks, from the COT report as of Dec 19, 2023 to the most recent report as of January 23, 2024, the number of long traders […]
January 30, 2024 | The End is in Sight
There is a shocking level of undervaluation for silver compared to gold, even though the ratio had widened out to more than 91 to 1. Considering that there is a pronounced and deepening physical shortage in silver, the silver/gold price ratio should be closer to 9 to 1. That would put silver prices around $225 […]
January 17, 2024 | In The Air
Considering that JPMorgan has just come off a three-year deferred criminal prosecution agreement with the Justice Department for price manipulation (spoofing) in silver, the customers that JPM is accepting delivery for on the Dec. and Jan. contracts would most likely be users as opposed to speculators. That’s because it would be much harder to accuse […]
January 11, 2024 | Heating Up
At year’s end, silver was more undervalued relative to gold than at any year in history. I’d hate to think about how much more undervalued silver could get if it weren’t already in a widely documented physical shortage, the first ever such shortage. The only explanation for the greatest price disparity in history is the […]