Facts (as I see it)

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  • Ted Butler (https://www.butlerresearch.com/) provides the most comprehensive and accurate information on silver that I have found.
    • I highly recommend subscribing to his newsletter $34.95/month) to be able to see his twice weekly reports.
    • On his website there is a section “Free Archive” that has some of the articles he has publically published and which would be a good start to learning more about silver.
    • I first became aware of Ted Butler in the early 1990s when I would get a monthly newsletter from Investment Rarities. Many of the articles were written by Butler. Many of his articles are archived on their website at http://www.investmentrarities.com/tbarchives.shtml This is another good place to research the history of the silver market.
    • For years Butler has called the commercial banks that seem to control this manipulation criminals/crooks. That includes JP Morgan (JPM) that seems to be the “ring leader” and the CME Group (owner of the COMEX) that allow the manipulation to continue. The fact that none of these entities have threatened to sue Butler tells me that they know they don’t want to go to court and fight against the truth.
  • The silver price is and has been manipulated to the downside for 20 years and more.
    • Butler does a great job of explaining how this manipulation works and its effects.
    • Every manipulation must end at some point and historically the price of the manipulated commodity takes off in the opposite direction once it is ended. In most cases that we know about the manipulation is to the upside and then when ended the commodity crashes. In this case once the manipulation ends the price will explode to the upside.
  • The Commodity Futures Trading Commission (CFTC), a government agency, publishes a weekly report called the Commitments of Traders (COT) that Butler analyzes weekly.
    • This report on its face shows that silver is being manipulated by speculators using COMEX silver future contracts.
    • This report shows huge volumes of silver contracts being traded.
  • There are only 2 – 2.5 billion ounces of above ground silver currently available in 1000 oz. bars.
  • According to the following link to The Silver Institute the average production of silver for the last 9 years was right at 1 billion oz. Including mining and recycling (140M oz.)
    • https://www.silverinstitute.org/
    • According to the linked report there is only an average of 260 Mozs. per year of silver left for investment demand after taking out the Industrial, Jewelry and Silverware average demand.
  • All manipulations must end and when they do the price of the manipulated item (silver in this case) will move strongly in the opposite direction of the manipulation (thru the roof in this case). We are most used to things being manipulated higher in price and then the price crashing when the manipulation ends. With silver the price has been manipulated to the downside and when the manipulation ends I think silver will skyrocket