Sheer Speculation?

[webmaster]

Subject:Sheer Speculation?
By: Theodore Butler

Overview: The facts, as contained in the COT, are clear; 4 or less large traders are net short (when the uneconomic spread transactions are subtracted) more than 50% of the entire COMEX silver futures market, and more than 40% of the gold market. With such an extreme level of concentration, it is not possible that these large traders are not manipulating silver and gold prices. Ask yourself this – what would the price of silver and gold be if this concentrated short selling did not exist? If your answer is, as it must be, (much) higher, you must conclude that these are manipulated markets. It’s as simple as that.

Link: http://news.silverseek.com/TedButler/1196196846.php

[garipf]

I can think of a few, but I wonder what would be the ultimate goal of China to manipuate the silver market. To what purpose?

[daryl]

They need to slow down shipping their silver to market. Create a shortage or two every now ad then.

[billmcl2]

"It does not incur any great price risk that would justify it shorting massive quantities of silver and depressing the price, any more than it would be justified in buying massive quantities to run the price higher."

So why would the Chinese (or anyone else) be manipulating silver lower? The only explanation I can think of is to accumulate it at a lower cost and how do you accumulate it by selling it?

[robrich]

Butler has one big flaw in his logic. He presumes that there is no hoard of silver and that the shorts are fully naked. The evidencde points to the opposite and that is that all that silver the central banks "disposed" of over the years is gone. In fact it is more likely it has found it's way into the hands of the banking powers/ bullion banks. The same thing is now happenning with gold as ECB are "disposing" of their gold. It also is going into the hands of the same people who's intention is to own all the gold and silver and control the world's money at the same time stealing peoples savings and enslaving the rest of the population i.e. the middle class. It is in their interest for the price of silver and gold to grow at a measured rate, they can control the price and engineer sellofs then accumulate more at lower prices eventually when fiat collapses only those will gold and silver will have economic power. Butler should put that in his pipe and smoke rather than whatever he smokes now that makes him believe there is no large amount of silver available at any price. I would estimate the hoard to be at least 500moz. Based on gms surbeys and amount dishoarded vs. consumed. One should also consider there is another billion or so ounces that will eventually come to market from silverware, old coins etc. Think about it. How else do they get all that silver if the price spikes parabolicly?

[buff]

Do not ask people to think. All reality is suspended here.