Fighting Back

[webmaster]

Subject:Fighting Back
By: Theodore Butler

Overview: Make no mistake, the intent of the recent silver sell-off, was to liquidate as many leveraged traders as possible. It not only applied to silver, but many other commodities and currencies. A quick review of the Commitment of Traders (COT) market structure in the markets involved shows that whatever side the large non-commercial speculators (hedge funds and other traders) were most heavily weighted, the markets moved sharply the other way. Thus, the price moves in a great number of seemingly unrelated markets, from metals to soybeans to oil, moved against the large speculators. It was a perfectly executed campaign against the speculators.

Link: http://news.silverseek.com/TedButler/1187727404.php

[daryl]

These bank criminals will never admit wrongdoing. Why not convince the miners to withhold silver from market? Create a shortage,put the criminals
out of biz!

[Thinkiam]

What's the deep mystery about the 4 largest shorters?

Don't the floor traders or others know or even suspect who sends in the blizzards of sell orders when price capping is going on?
Nobody talks about who has the many thousands of shorts?

Wouldn't it simply be the biggest bullion banks with all their political connections and financial muscle...like Goldman Sachs?

[rangerkirk]

In reply to the comments regarding mining companies disregarding their silver and gold as real money, one would have to look to David Bond's tribute to Aaron Russo and his thoughts on the miners who hedge or buy bonds (to their dismay in many cases lately) instead of holding the physical metal in reserves.
It makes one wonder, why were these executives hired in the first place?

I have come to the conclusion that like the US Dollar, gold and silver will remain "faith based" currencies until the public and mining companies recognize the P.M.s role as a store of value.