http://www.silverseek.com/commentaries/rss/111 Goldseek Commentaries en The Royal Flush http://www.silverseek.com/commentary/royal-flush-16185 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> In order to make a point, I’m going to address a very popular question, by giving the answer first and then providing the question. The answer does involve a bit of imagining on your part. I ask you to picture yourself at the highest stakes poker game imaginable, where quite literally many billions of dollars are at stake and in which you have just been dealt the indisputable best hand possible - a royal flush. Please accept that you are guaranteed to win. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, December 15th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">In order to make a point, I’m going to address a very popular question, by giving the answer first and then providing the question. The answer does involve a bit of imagining on your part. I ask you to picture yourself at the highest stakes poker game imaginable, where quite literally many billions of dollars are at stake and in which you have just been dealt the indisputable best hand possible - a royal flush.</span></p><p><a href="http://www.silverseek.com/commentary/royal-flush-16185" target="_blank">read more</a></p> Thu, 15 Dec 2016 17:15:56 +0000 Theodore Butler 16185 at http://www.silverseek.com The Biggest Scandal http://www.silverseek.com/commentary/biggest-scandal-15982 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Certainly, any attempt to identify the most serious current financial scandal involves stiff competition and the need for objective measurement. Scandals have become almost commonplace and come in all varieties and sizes and vary in the degree of publicity they attract. But there’s a big difference between the scandals that create the most headlines compared to the scandals that financially damage the greatest number of victims. I would contend that the biggest scandal must be defined by the greatest financial damage to the most people and not the amount of publicity a scandal might generate. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Friday, September 30th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">Certainly, any attempt to identify the most serious current financial scandal involves stiff competition and the need for objective measurement. Scandals have become almost commonplace and come in all varieties and sizes and vary in the degree of publicity they attract. But there’s a big difference between the scandals that create the most headlines compared to the scandals that financially damage the greatest number of victims.</span></p><p><a href="http://www.silverseek.com/commentary/biggest-scandal-15982" target="_blank">read more</a></p> Fri, 30 Sep 2016 13:41:09 +0000 Theodore Butler 15982 at http://www.silverseek.com Jim Cook Interviews Ted Butler http://www.silverseek.com/commentary/jim-cook-interviews-ted-butler-15932 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Cook: What’s happening in the silver market is hard to understand right now. Can you simplify it for us? Butler: First you must understand the price of silver is set on the COMEX by two large opposing forces. On the short side are the big banks or traders led by JPMorgan. Four of these big traders are short 72% of the total commercial short position. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, September 12th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 0pt; mso-line-height-alt: 1.0pt;"><span style="color: #000000;"><strong style="mso-bidi-font-weight: normal;"><span style="font-family: 'Verdana','sans-serif'; font-size: 10pt;">Cook</span></strong><span style="font-family: 'Verdana','sans-serif'; font-size: 10pt;">: What’s happening in the silver market is hard to understand right now. Can you simplify it for us?</span></span></p><p><a href="http://www.silverseek.com/commentary/jim-cook-interviews-ted-butler-15932" target="_blank">read more</a></p> Mon, 12 Sep 2016 17:22:15 +0000 Theodore Butler 15932 at http://www.silverseek.com How Prices Get Set http://www.silverseek.com/commentary/how-prices-get-set-15897 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> In the quest to explain something that may be complex into something easily understood, please allow me to reference a recent issue most in the US are now familiar with – the shocking rise in price for EpiPens, produced by the Mylan drug company. An EpiPen is a life-saving medicine in injectable form for those suffering a food allergy attack. Since many of the victims are children unknowingly ingesting what to them is poison, Epipens are prevalent in schools and have become a vital part of life for many families. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, September 1st</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">In the quest to explain something that may be complex into something easily understood, please allow me to reference a recent issue most in the US are now familiar with – the shocking rise in price for EpiPens, produced by the Mylan drug company. An EpiPen is a life-saving medicine in injectable form for those suffering a food allergy attack.</span></p><p><a href="http://www.silverseek.com/commentary/how-prices-get-set-15897" target="_blank">read more</a></p> Thu, 01 Sep 2016 14:04:49 +0000 Theodore Butler 15897 at http://www.silverseek.com The Greatest Lie Ever Told http://www.silverseek.com/commentary/greatest-lie-ever-told-15774 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Granted, if you are going to label something as the greatest lie ever, it must involve something important, both in substance and in terms of who told the lie. In this case, the lie involves what’s at the heart of the silver manipulation and happens to be the issue that I consider the key factor for its price. Importantly, the lie came from the federal regulator overseeing the silver market, the CFTC. The good news is that you will be able to decide for yourself if my assertion is correct, given that the proof is nearly incontrovertible. The best news is that as the lie is more widely recognized, it should have a positive impact on the price of silver. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, July 18th</span> </div> </div> </div> <p><span style="color: #000000;"><!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG/> </o:OfficeDocumentSettings> </xml><![endif]--></span></p><p><a href="http://www.silverseek.com/commentary/greatest-lie-ever-told-15774" target="_blank">read more</a></p> Mon, 18 Jul 2016 15:25:09 +0000 Theodore Butler 15774 at http://www.silverseek.com Turning of the Tide? http://www.silverseek.com/commentary/turning-tide-15736 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> The price fireworks over the July 4 holiday, particularly in silver, were met with an outpouring of commentary and renewed interest. Not only have precious metals prices soared to levels not seen in a couple of years, it’s hard for me to recall a time with more input from different voices. It’s also hard to believe that it was only six months ago that gold and silver were locked in nearly the opposite situation. So the obvious questions are what happened and, more importantly, what is likely to occur from here? </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, July 7th</span> </div> </div> </div> <p>&nbsp;</p><p><a href="http://www.silverseek.com/commentary/turning-tide-15736" target="_blank">read more</a></p> Thu, 07 Jul 2016 15:08:06 +0000 Theodore Butler 15736 at http://www.silverseek.com Hidden in Full View http://www.silverseek.com/commentary/hidden-full-view-15617 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> After studying the silver market closely for more than three decades, I find it nearly unbelievable that its single most important price factor is widely unknown. Admittedly, the vast majority of the investment world has little interest in silver and that’s unlikely to change any time soon. But underappreciation has its merits in the investment world. After all, silver does have a history of climbing in price higher and faster than just about any other asset and a multitude of factors now point to another massive price move higher ahead. The factors favoring a big move higher revolve around the incredibly small amount of physical silver available for investment as a result of most of the silver produced over the centuries having been used up in industrial applications. That, in combination with the fact that more investment buying power exists today than ever in the history brings to mind the words of the famous silver speculator, Bunker Hunt, “silver is an accident waiting to happen.” Granted, silver also has a history of plunging more than other commodities, but since prices have already declined by 70% from the peak of five years ago, the next big move will, undoubtedly, be up. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, June 2nd</span> </div> </div> </div> <!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG/> </o:OfficeDocumentSettings> </xml><![endif]--><p class="MsoNormal" style="mso-margin-top-alt: auto; mso-margin-bottom-alt: auto;"><span style="font-size: 12.0pt; line-height: 107%; color: black;">After studying the silver market closely for more than three decades, I find it nearly unbelievable that its single most important price factor is widely unknown. Admittedly, the vast majority of the investment world has little interest in silver and that’s unlikely to change any time soon.</span></p><p><a href="http://www.silverseek.com/commentary/hidden-full-view-15617" target="_blank">read more</a></p> Thu, 02 Jun 2016 14:27:49 +0000 Theodore Butler 15617 at http://www.silverseek.com Five Years – The Feedback http://www.silverseek.com/commentary/five-years-%E2%80%93-feedback-15437 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> There was quite a bit of commentary generated as a result of making public my article, “Five Years That Changed Silver Forever.” This wasn’t particularly surprising, because if my assertions are correct about JPMorgan accumulating a massive quantity of physical silver at prices the bank rigged lower, nothing could be more important to the future price of silver. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, April 4th</span> </div> </div> </div> <p><span style="color: #000000;"></span><span style="color: #000000;"></span><span style="font-size: 10pt; line-height: 107%; font-family: 'Verdana','sans-serif'; color: #000000;">There was quite a bit of commentary generated as a result of making public my article, “Five Years That Changed Silver Forever.”&nbsp; This wasn’t particularly surprising, because if my assertions are correct about JPMorgan accumulating a massive quantity of physical silver at prices the bank rigged lower, nothing could be more important to the future price of silver.</span></p><p><a href="http://www.silverseek.com/commentary/five-years-%E2%80%93-feedback-15437" target="_blank">read more</a></p> Mon, 04 Apr 2016 13:27:35 +0000 Theodore Butler 15437 at http://www.silverseek.com Five Years That Changed Silver Forever http://www.silverseek.com/commentary/five-years-changed-silver-forever-15413 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Ask any casual observer of the silver market what happened to the metal over the past five years and you’re likely to hear how the price fell from nearly $50 in April 2011 to under $14 at recent lows – a stunning decline of 70%. If you inquire further, you’ll likely hear a number of reasons for the decline, ranging from an oversupply of the metal, a strengthening dollar, falling inflation rates, and the collapse of the commodities markets. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, March 24th</span> </div> </div> </div> <p class="MsoNormal"><span style="font-size: 14pt; font-family: 'Calibri','sans-serif'; color: #000000;">Ask any casual observer of the silver market what happened to the metal over the past five years and you’re likely to hear how the price fell from nearly $50 in April 2011 to under $14 at recent lows – a stunning decline of 70%. If you inquire further, you’ll likely hear a number of reasons for the decline, ranging from an oversupply of the metal, a strengthening dollar, falling inflation rates, and the collapse of the commodities markets.</span></p><p><a href="http://www.silverseek.com/commentary/five-years-changed-silver-forever-15413" target="_blank">read more</a></p> Thu, 24 Mar 2016 13:14:36 +0000 Theodore Butler 15413 at http://www.silverseek.com Troubling Turnover http://www.silverseek.com/commentary/troubling-turnover-15246 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> The turnover or physical movement of metal brought into or taken out of the COMEX silver warehouses literally exploded over the last three weeks, as nearly 22 million ounces were moved and total inventories fell 4.5 million ounces, to 156.9 million ounces. I can recall only a few weeks over the past five years where more silver was physically moved. Please remember that I am speaking of physical movement and not paper work changes of metal being reclassified between the registered and eligible COMEX categories, on which so much is written. Physical turnover is just that – metal taken from warehouses and put on trucks and metal taken off trucks and put into the COMEX warehouses. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, January 28th</span> </div> </div> </div> <p class="MsoNormal" style="text-align: justify; margin: 0in 0in 0pt; mso-line-height-alt: 1.0pt;"><span style="font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">The turnover or physical movement of metal brought into or taken out of the COMEX silver warehouses literally exploded over the last three weeks, as nearly 22 million ounces were moved and total inventories fell 4.5 million ounces, to 156.9 million ounces. I can recall only a few weeks over the past five years where more silver was physically moved.</span></p><p><a href="http://www.silverseek.com/commentary/troubling-turnover-15246" target="_blank">read more</a></p> Fri, 29 Jan 2016 00:32:36 +0000 Theodore Butler 15246 at http://www.silverseek.com Eureka Moment http://www.silverseek.com/commentary/eureka-moment-15202 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Over the past month, there have been at least three separate occasions in which silver rallied sharply in a single day, only to lose most of those gains the next day. On another occasion silver rallied over several days, only to lose its gains in one day. This is highly unusual price behavior, even for silver, the world’s most manipulated market. There are no legitimate supply/demand explanations for this kind of erratic price behavior. It always comes down to who’s tapping who on the COMEX - check that - it always comes down to how the commercials are tapping the technical funds. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Tuesday, January 12th</span> </div> </div> </div> <p class="MsoNormal" style="text-align: justify; margin: 0in 0in 0pt; tab-stops: 336.75pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">Over the past month, there have been at least three separate occasions in which silver rallied sharply in a single day, only to lose most of those gains the next day. On another occasion silver rallied over several days, only to lose its gains in one day. This is highly unusual price behavior, even for silver, the world’s <strong style="mso-bidi-font-weight: normal;">most</strong> manipulated market.</span></p><p><a href="http://www.silverseek.com/commentary/eureka-moment-15202" target="_blank">read more</a></p> Tue, 12 Jan 2016 15:56:32 +0000 Theodore Butler 15202 at http://www.silverseek.com An Unprecedented Circumstance http://www.silverseek.com/commentary/unprecedented-circumstance-15126 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Today, I will speak of a completely unprecedented situation that has evolved over the past seven years. I define “unprecedented” as something that was never done or known before. The unprecedented circumstance is my seven year documented history of labeling the giant financial institution, JPMorgan Chase, as being engaged in an illegal price manipulation of the silver market. To my knowledge, never has it occurred that open allegations of serious criminal wrongdoing have ever been made about any financial institution with those allegations going unchallenged. No one would dare label any large financial institution of being crooked and expect that institution to turn the other cheek. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, December 14th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">Today, I will speak of a completely unprecedented situation that has evolved over the past seven years. I define “unprecedented” as something that was never done or known before. The unprecedented circumstance is my seven year documented history of labeling the giant financial institution, JPMorgan Chase, as being engaged in an illegal price manipulation of the silver market.</span></p><p><a href="http://www.silverseek.com/commentary/unprecedented-circumstance-15126" target="_blank">read more</a></p> Mon, 14 Dec 2015 13:11:00 +0000 Theodore Butler 15126 at http://www.silverseek.com The Coming Silver Shortage http://www.silverseek.com/commentary/coming-silver-shortage-14859 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> From the very beginning of my epiphany 30 years ago about a silver price manipulation on the COMEX, was the unavoidable conclusion that if prices were artificially depressed as I believed, then at some point a physical shortage must develop. If the price of any commodity were set too low for too long a period of time, then the dynamics of the law of supply and demand would eventually crimp supply and encourage demand to such an extent that a physical shortage must develop and end the manipulation. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, September 14th</span> </div> </div> </div> <p><span style="color: #000000;"><!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG/> </o:OfficeDocumentSettings> </xml><![endif]--></span></p><p><a href="http://www.silverseek.com/commentary/coming-silver-shortage-14859" target="_blank">read more</a></p> Mon, 14 Sep 2015 12:19:07 +0000 Theodore Butler 14859 at http://www.silverseek.com Turning $1 Billion into $5 Billion http://www.silverseek.com/commentary/turning-1-billion-5-billion-14783 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Today, I will attempt to make the case for how one might go about turning one billion dollars into five billion dollars by buying silver. At first, some of my specific points might seem to be at odds with my long held argument that fully paid for positions in the actual metal at current price levels are as close to a sure thing as it gets in the investment world. But it is still my conviction that owning unencumbered and unleveraged metal is the best way to go; what’s different about this article is that it is directed to any entity that can plunk down a cool billion dollars or more in buying silver. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Friday, August 21st</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">Today, I will attempt to make the case for how one might go about turning one billion dollars into five billion dollars by buying silver. At first, some of my specific points might seem to be at odds with my long held argument that fully paid for positions in the actual metal at current price levels are as close to a sure thing as it gets in the investment world.</span></p><p><a href="http://www.silverseek.com/commentary/turning-1-billion-5-billion-14783" target="_blank">read more</a></p> Fri, 21 Aug 2015 13:50:32 +0000 Theodore Butler 14783 at http://www.silverseek.com Price Takers and Price Makers http://www.silverseek.com/commentary/price-takers-and-price-makers-14693 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> In the world of basic commodities nearly every market participant, whether a producer or consumer, is a price taker, accepting the general price level prevailing at the time. For example, the individual consumer of gasoline has little choice but to take the price at the pump or go elsewhere. Same with corporate consumers like airlines and other transportation entities. They can hedge and fix their costs, but that hedging must be based upon current prevailing prices. Even large producers like the oil companies must take what prices the market provides, although the largest oil producers, like Saudi Arabia, could set (make) oil prices if it wanted to (at least temporarily). </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, July 30th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">In the world of basic commodities nearly every market participant, whether a producer or consumer, is a price taker, accepting the general price level prevailing at the time. For example, the individual consumer of gasoline has little choice but to take the price at the pump or go elsewhere. Same with corporate consumers like airlines and other transportation entities.</span></p><p><a href="http://www.silverseek.com/commentary/price-takers-and-price-makers-14693" target="_blank">read more</a></p> Thu, 30 Jul 2015 13:09:20 +0000 Theodore Butler 14693 at http://www.silverseek.com The Ultimate Confirmation http://www.silverseek.com/commentary/ultimate-confirmation-14556 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> I’ve embraced one central theme for the past 30 years – that the price of silver has been manipulated lower on the COMEX. For a good part of those three decades I’ve exerted an intense effort in analyzing the actual supply/demand fundamentals of silver, including production/consumption trends and the resultant annual balance between the two, inventories, investment demand, etc. Those fundamentals indicate that the price of silver must increase dramatically in the future, making the manipulation both the cause and explanation for the continued low price. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, June 22nd</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt; tab-stops: center 3.25in;"><span style="line-height: 106%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">I’ve embraced one central theme for the past 30 years – that the price of silver has been manipulated lower on the COMEX. For a good part of those three decades I’ve exerted an intense effort in analyzing the actual supply/demand fundamentals of silver, including production/consumption trends and the resultant annual balance between the two, inventories, investment demand, etc.</span></p><p><a href="http://www.silverseek.com/commentary/ultimate-confirmation-14556" target="_blank">read more</a></p> Mon, 22 Jun 2015 13:03:12 +0000 Theodore Butler 14556 at http://www.silverseek.com Stepping Up to the Plate http://www.silverseek.com/commentary/stepping-plate-14480 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> I was originally going to title this piece “Doin’ the Right Thing” after the old Spike Lee movie. I had used that title once before, back in early 2008 in an article complimenting Barclays Global Investors for deciding to publish the serial numbers and weights of the all the bars held in its then-sponsored silver ETF, SLV (now sponsored by BlackRock). I had written several public articles exhorting Barclays to publish the data and was gratified that it did so. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, June 4th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">I was originally going to title this piece “Doin’ the Right Thing” after the old Spike Lee movie. I had used that title once before, back in early 2008 in an article complimenting Barclays Global Investors for deciding to publish the serial numbers and weights of the all the bars held in its then-sponsored silver ETF, SLV (now sponsored by BlackRock).</span></p><p><a href="http://www.silverseek.com/commentary/stepping-plate-14480" target="_blank">read more</a></p> Thu, 04 Jun 2015 13:43:33 +0000 Theodore Butler 14480 at http://www.silverseek.com Curiouser and Curiouser http://www.silverseek.com/commentary/curiouser-and-curiouser-14455 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> What’s so curious is that just as the silver (and gold) COMEX price manipulation becomes more blatant and easier to prove, those being damaged the most by it, silver producers, are nowhere to be found; even though there is much they could do to end the damage inflicted on shareholders by artificially depressed prices. Let me explain how the price manipulation is becoming more obvious and then what mining companies can do about it. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, May 28th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">What’s so curious is that just as the silver (and gold) COMEX price manipulation becomes more blatant and easier to prove, those being damaged the most by it, silver producers, are nowhere to be found; even though there is much they could do to end the damage inflicted on shareholders by artificially depressed prices. Let me explain how the price manipulation is becoming more obvious and then what mining companies can do about it. </span></p><p><a href="http://www.silverseek.com/commentary/curiouser-and-curiouser-14455" target="_blank">read more</a></p> Thu, 28 May 2015 13:55:56 +0000 Theodore Butler 14455 at http://www.silverseek.com The Biggest Silver Haul in History http://www.silverseek.com/commentary/biggest-silver-haul-history-14401 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> As I’ve mention previously JPMorgan is still stopping (taking) silver deliveries in its own house account. In the May COMEX futures contract, they’ve taken over three million ounces so far. It still looks like JPM will take another million ounces or so before the delivery period is over. This is in addition to the 7.5 million ounces the bank took in the March delivery period. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, May 11th</span> </div> </div> </div> <p class="MsoNormal" style="text-align: justify; margin: 0in 0in 0pt;"><span style="font-family: 'Verdana','sans-serif'; color: #000000; font-size: 10pt;">As I’ve mention previously JPMorgan is still stopping (taking) silver deliveries in its own house account. In the May COMEX futures contract, they’ve taken over three million ounces so far. It still looks like JPM will take another million ounces or so before the delivery period is over. This is in addition to the 7.5 million ounces the bank took in the March delivery period.</span></p><p><a href="http://www.silverseek.com/commentary/biggest-silver-haul-history-14401" target="_blank">read more</a></p> Mon, 11 May 2015 19:19:49 +0000 Theodore Butler 14401 at http://www.silverseek.com An Unavoidable Comparison http://www.silverseek.com/commentary/unavoidable-comparison-14284 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> A rare event occurred this past week; the CFTC charged a major food company, Kraft, Inc., with price manipulation in the wheat market. You can count on one or two hands the number of times the federal commodities regulator has charged anyone with price manipulation in its 40 year history. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Tuesday, April 7th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">A rare event occurred this past week; the CFTC charged a major food company, Kraft, Inc., with price manipulation in the wheat market. You can count on one or two hands the number of times the federal commodities regulator has charged anyone with price manipulation in its 40 year history.</span></p><p><a href="http://www.silverseek.com/commentary/unavoidable-comparison-14284" target="_blank">read more</a></p> Tue, 07 Apr 2015 14:05:51 +0000 Theodore Butler 14284 at http://www.silverseek.com A Remarkable Proposition http://www.silverseek.com/commentary/remarkable-proposition-14126 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> A remarkable new paper by a Cornell law professor and CFTC staff counsel suggests that many aspects of high frequency computer trading (HFT) may be, in fact, illegal under various provisions of basic commodity law. Heretofore, it was generally assumed that HFT was legal, but disabused and impacted markets in disruptive manner on occasion. Many, like myself, never looked on HFT favorably, but few have tried to make the legal case against it. The author, Gregory Scopino, writes in his personal capacity and not on behalf of the CFTC. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Tuesday, February 17th</span> </div> </div> </div> <p><span style="color: #000000;">A remarkable new paper by a Cornell law professor and CFTC staff counsel suggests that many aspects of high frequency computer trading (HFT) may be, in fact, illegal under various provisions of basic commodity law. Heretofore, it was generally assumed that HFT was legal, but disabused and impacted markets in disruptive manner on occasion. Many, like myself, never looked on HFT favorably, but few have tried to make the legal case against it. The author, Gregory Scopino, writes in his personal capacity and not on behalf of the CFTC.</span></p><p><a href="http://www.silverseek.com/commentary/remarkable-proposition-14126" target="_blank">read more</a></p> Tue, 17 Feb 2015 15:41:47 +0000 Theodore Butler 14126 at http://www.silverseek.com No Proof JPMorgan Not the Big Buyer of Silver Eagles http://www.silverseek.com/commentary/no-proof-jpmorgan-not-big-buyer-silver-eagles-13968 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> As I reported on Tuesday, I made my recent article, “The Perfect Crime” public, in which I spelled out the reasons why I believed JPMorgan had, since May 2011, amassed upwards of 300 million oz of physical silver, including as many as 70 million oz of Silver Eagles, or half the amount produced by the US Mint since April 2011. I was careful to note that I had “yet” to notice any response to the publication. As it turned out, a response was soon forthcoming in which one of my contentions (the one about Silver Eagles) was disputed. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Tuesday, January 6th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">As I reported on Tuesday, I made my recent article, “The Perfect Crime” public, in which I spelled out the reasons why I believed JPMorgan had, since May 2011, amassed upwards of 300 million oz of physical silver, including as many as 70 million oz of Silver Eagles, or half the amount produced by the US Mint since April 2011. I was careful to note that I had “yet” to notice any response to the publication.</span></p><p><a href="http://www.silverseek.com/commentary/no-proof-jpmorgan-not-big-buyer-silver-eagles-13968" target="_blank">read more</a></p> Tue, 06 Jan 2015 16:02:54 +0000 Theodore Butler 13968 at http://www.silverseek.com The Perfect Crime http://www.silverseek.com/commentary/perfect-crime-13944 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> A couple of weeks ago, a long time subscriber correctly pointed out that I seemed to be speculating more than usual in my conclusion that JPMorgan was the big buyer of Silver Eagles and had accumulated as many as 300 million oz of silver, including Eagles and bullion. The subscriber noted that I usually relied on hard core facts that could be documented and not on speculation. As it turns out, I believe there are sufficient number of hard facts behind my speculation, but I had failed to point them out. So let me present the facts, as I see them, that point to JPMorgan having amassed the largest physical silver position in history. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, December 29th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">A couple of weeks ago, a long time subscriber correctly pointed out that I seemed to be speculating more than usual in my conclusion that JPMorgan was the big buyer of Silver Eagles and had accumulated as many as 300 million oz of silver, including Eagles and bullion. The subscriber noted that I usually relied on hard core facts that could be documented and not on speculation.</span></p><p><a href="http://www.silverseek.com/commentary/perfect-crime-13944" target="_blank">read more</a></p> Mon, 29 Dec 2014 15:20:11 +0000 Theodore Butler 13944 at http://www.silverseek.com The Silver Conspiracy http://www.silverseek.com/commentary/silver-conspiracy-13373 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> It’s now going on close to 30 years since I first discovered that silver was manipulated by excessive and concentrated short selling on the COMEX. I remember the exact moment like it occurred yesterday. It’s hard to believe I was in my 30’s when this started. As I’ve explained previously, I was looking for an answer to Izzy Friedman’s question as to how and why silver prices remained so low when the market was in a supply/demand deficit. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, July 14th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">It’s now going on close to 30 years since I first discovered that silver was manipulated by excessive and concentrated short selling on the COMEX. I remember the exact moment like it occurred yesterday. It’s hard to believe I was in my 30’s when this started. As I’ve explained previously, I was looking for an answer to Izzy Friedman’s question as to how and why silver prices remained so low when the market was in a supply/demand deficit.</span></p><p><a href="http://www.silverseek.com/commentary/silver-conspiracy-13373" target="_blank">read more</a></p> Mon, 14 Jul 2014 13:15:30 +0000 Theodore Butler 13373 at http://www.silverseek.com COMEX – Why it’s Corrupt http://www.silverseek.com/commentary/comex-%E2%80%93-why-it%E2%80%99s-corrupt-13323 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> It is one thing to label (libel?) the world’s most important precious metals exchange as the most corrupt; but perhaps quite another to prove it in terms beyond reasonable doubt. First, let me be clear in what I am asserting – the Commodities Exchange Inc. (COMEX), owned and operated by the CME Group, has come to control and manipulate the price of gold and silver, as well as copper, for the sole benefit of certain exchange insiders, most prominently JPMorgan. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Friday, June 27th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt; color: #000000;">It is one thing to label (libel?) the world’s most important precious metals exchange as the most corrupt; but perhaps quite another to prove it in terms beyond reasonable doubt. First, let me be clear in what I am asserting – the Commodities Exchange Inc.</span></p><p><a href="http://www.silverseek.com/commentary/comex-%E2%80%93-why-it%E2%80%99s-corrupt-13323" target="_blank">read more</a></p> Fri, 27 Jun 2014 13:36:21 +0000 Theodore Butler 13323 at http://www.silverseek.com A Real Surprise http://www.silverseek.com/commentary/real-surprise-13168 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> First, here’s some background. Two years ago this month, a subscriber (Dr. Jeff Lewis – www.silver-coin-investor.com) had a chance social encounter with an employee of the Government Accountability Office (GAO) and as a result suggested that I contact the agency about the silver manipulation and the CFTC’s role in it. Having taken an oath to myself never to pass up any opportunity to help expose and terminate the silver manipulation, I promptly wrote to the GAO on its Fraud Net complaint hotline and just as promptly forgot about it. I admit to having grown weary of waiting for a regulatory remedy in silver. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, May 8th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="color: #000000; line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">First, here’s some background. Two years ago this month, a subscriber (Dr.</span></p><p><a href="http://www.silverseek.com/commentary/real-surprise-13168" target="_blank">read more</a></p> Thu, 08 May 2014 14:06:17 +0000 Theodore Butler 13168 at http://www.silverseek.com The World's Most Undervalued Asset http://www.silverseek.com/commentary/worlds-most-undervalued-asset-13135 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> First off, it is pretty audacious to label any investment asset as the world&#039;s cheapest when you consider the implications of that claim. Most of the world&#039;s investors are value oriented, always on the prowl to find undervaluation and if they could identify the single most undervalued investment opportunity, it would only be a matter of time before they descended upon it. Simply put, if you could identify the most undervalued investment asset in the world that would be another way of saying you had identified the world&#039;s best investment opportunity. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, April 28th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 0pt;"><span style="color: black; font-family: 'Arial','sans-serif'; font-size: 10pt;"><span style="font-family: Verdana, Arial, Helvetica, sans-serif;">First off, it is pretty audacious to label any investment asset as the world's cheapest when you consider the implications of that claim. Most of the world's investors are value oriented, always on the prowl to find undervaluation and if they could identify the single most undervalued investment opportunity, it would only be a matter of time before they descended upon it.</span></span></p><p><a href="http://www.silverseek.com/commentary/worlds-most-undervalued-asset-13135" target="_blank">read more</a></p> Mon, 28 Apr 2014 13:33:53 +0000 Theodore Butler 13135 at http://www.silverseek.com Suing JPMorgan and the COMEX http://www.silverseek.com/commentary/suing-jpmorgan-and-comex-13038 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> I’ve had some recent conversations with attorneys who were considering class-action lawsuits regarding a gold price manipulation stemming from reports about the London Gold Fix. I told them that while there is no doubt that gold and, particularly, silver are manipulated in price, I didn’t see how the manipulation stemmed from the London Fix. I wished them well and hoped that they may prevail (the enemy of my enemy is my friend), because you never know – if the lawyers dig deep enough they might find the real source of the gold and silver manipulation, namely, the COMEX (owned by the CME Group) and JPMorgan. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Friday, March 21st</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 8pt;"><span style="color: #000000; line-height: 107%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">I’ve had some recent conversations with attorneys who were considering class-action lawsuits regarding a gold price manipulation stemming from reports about the London Gold Fix. I told them that while there is no doubt that gold and, particularly, silver are manipulated in price, I didn’t see how the manipulation stemmed from the London Fix.</span></p><p><a href="http://www.silverseek.com/commentary/suing-jpmorgan-and-comex-13038" target="_blank">read more</a></p> Fri, 21 Mar 2014 14:05:41 +0000 Theodore Butler 13038 at http://www.silverseek.com WHAT REALLY HAPPENED TO BEAR STEARNS? http://www.silverseek.com/commentary/what-really-happened-bear-stearns-12942 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Six years ago the well-known investment bank Bear Stearns imploded. In February 2008, Bear Stearns stock traded as high as $93; by mid-March the insolvent company agreed to be taken over by JPMorgan for $2 a share (later raised to $10 after class-action lawsuits). In the annals of Wall Street, there was hardly a more sudden demise than the fall of Bear Stearns. The cause was said to be a run on the bank as nervous investors pulled assets from the firm. Bear Stearns was said to be levered by 35 times, meaning it had equity of $11 billion and total assets of $395 billion. This is a very small cushion if something negative suddenly appears. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, February 17th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 0pt; text-align: justify;"><span style="color: black; font-family: 'Verdana','sans-serif'; font-size: 10pt;">Six years ago the well-known investment bank Bear Stearns imploded. In February 2008, Bear Stearns stock traded as high as $93; by mid-March the insolvent company agreed to be taken over by JPMorgan for $2 a share (later raised to $10 after class-action lawsuits). In the annals of Wall Street, there was hardly a more sudden demise than the fall of Bear Stearns.</span></p><p><a href="http://www.silverseek.com/commentary/what-really-happened-bear-stearns-12942" target="_blank">read more</a></p> Mon, 17 Feb 2014 21:16:03 +0000 Theodore Butler 12942 at http://www.silverseek.com 2013 – The Year of JPMorgan http://www.silverseek.com/commentary/2013-%E2%80%93-year-jpmorgan-12815 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Probably owing to the dramatic decline in the price of gold and silver, I’ve read scores of year end metal reviews, more than I have ever read previously. Like most of you, I read in order to learn. Therefore, I approach every year end review and outlook with an eye towards understanding just what caused the prices of silver and gold to decline as much as they have and what that portends for the New Year. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Friday, January 3rd</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 10pt; tab-stops: 361.5pt;"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">Probably owing to the dramatic decline in the price of gold and silver, I’ve read scores of year end metal reviews, more than I have ever read previously. Like most of you, I read in order to learn. Therefore, I approach every year end review and outlook with an eye towards understanding just what caused the prices of silver and gold to decline as much as they have and what that portends for the New Year. </span></p><p><a href="http://www.silverseek.com/commentary/2013-%E2%80%93-year-jpmorgan-12815" target="_blank">read more</a></p> Fri, 03 Jan 2014 15:22:28 +0000 Theodore Butler 12815 at http://www.silverseek.com Cornering the Gold Market http://www.silverseek.com/commentary/cornering-gold-market-12374 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> For the past few weeks I have been harping on JPMorgan’s massive long position in COMEX gold futures, stating that nothing comes closer in importance for the price. There has never been a case where a market corner wasn’t the prime price determinant. Preventing or eliminating market corners is the number one priority under commodity law. A market corner is the antitheses of how a free market is supposed to operate. A series of market corners and manipulation in the early part of the last century (the Jesse Livermore era) was what led to the formation of commodity regulation in the US in the 1930’s. It’s bad enough when entities such as the Hunt Brothers or the rogue copper trader from Sumitomo cornered markets; but it’s a whole different level of badness when the most important US bank corners a market, as JPMorgan has done in COMEX gold futures. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Friday, August 9th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">For the past few weeks I have been harping on JPMorgan’s massive long position in COMEX gold futures, stating that nothing comes closer in importance for the price. There has never been a case where a market corner wasn’t the prime price determinant.<span style="mso-spacerun: yes;"> </span>Preventing or eliminating market corners is the number one priority under commodity law.</span></p><p><a href="http://www.silverseek.com/commentary/cornering-gold-market-12374" target="_blank">read more</a></p> Fri, 09 Aug 2013 15:09:24 +0000 Theodore Butler 12374 at http://www.silverseek.com Market Dominance http://www.silverseek.com/commentary/market-dominance-12358 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> In the weekly review, I referenced several news stories about JPMorgan. A few hours after publishing that report, another big news story made the scene – a comprehensive front page story in Sunday’s New York Times concerning the big banks and base metal warehouse shenanigans. In a nutshell, the story alleged that giant financial firms, like Goldman Sachs and JPMorgan, had amassed vast holding of metals warehouses and then engaged in schemes involving artificial metal movements for personal profit (at the expense of the consumer and user communities). </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Sunday, August 4th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">In the weekly review, I referenced several news stories about JPMorgan. <span style="mso-spacerun: yes;"> </span>A few hours after publishing that report, another big news story made the scene – a comprehensive front page story in Sunday’s New York Times concerning the big banks and base metal warehouse shenanigans.</span></p><p><a href="http://www.silverseek.com/commentary/market-dominance-12358" target="_blank">read more</a></p> Sun, 04 Aug 2013 15:17:11 +0000 Theodore Butler 12358 at http://www.silverseek.com The New Law of Supply and Demand http://www.silverseek.com/commentary/new-law-supply-and-demand-12264 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Of course, I can’t guarantee this is what will occur, but I’d be negligent not to outline what I feel could occur. If prices stay or go lower, we’ve only begun to see the damage to real world producers due to the perversion of the law of supply and demand. If prices go higher, the possibility of an explosion exists like never before. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Friday, July 5th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 10pt; text-align: justify; line-height: 13.5pt;"><span style="color: #000000; font-family: 'Verdana','sans-serif'; font-size: 10pt; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman';">This was excerpted from the Weekly Review of June 29, 2013 -</span></p><p><a href="http://www.silverseek.com/commentary/new-law-supply-and-demand-12264" target="_blank">read more</a></p> Fri, 05 Jul 2013 13:10:16 +0000 Theodore Butler 12264 at http://www.silverseek.com Busting the Perfect Crime http://www.silverseek.com/commentary/busting-perfect-crime-11916 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> A subscriber recently commented that the Oligarchs who rule Russia only wish they got to run things as efficiently as how JPMorgan and the big banks control our financial markets, particularly in the trading of precious metals. Based upon the last few days, it’s hard to argue with that. On Sunday evening shortly after 6 PM, the price of silver was taken down 10% within a few minutes on an insignificant number of contracts (1600), evoking memories of the infamous 13% ($6) decline on the May 1 Sunday evening of 2011. If the Russian criminals oversaw silver trading and not the CME Group and the CFTC they could not possibly have rigged prices more corruptly. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Friday, May 24th</span> </div> </div> </div> <p class="MsoNormal"><span style="font-size: 10pt; line-height: 115%; color: #000000;">A subscriber recently commented that the Oligarchs who rule Russia only wish they got to run things as efficiently as how JPMorgan and the big banks control our financial markets, particularly in the trading of precious metals. Based upon the last few days, it’s hard to argue with that.</span></p><p><a href="http://www.silverseek.com/commentary/busting-perfect-crime-11916" target="_blank">read more</a></p> Fri, 24 May 2013 16:23:03 +0000 Theodore Butler 11916 at http://www.silverseek.com Blockbuster in Gold http://www.silverseek.com/commentary/blockbuster-gold-11856 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> This has been one of the worst stretches for gold and silver pricewise in quite some time, no secret there. I have to go back to when silver was in single digits to find a comparable period. The question on precious metals investors’ minds is whether this bad stretch is going to continue much longer. Are the past few months setting the stage for a pronounced rebound in prices or has the tide changed for the worse for an extended period of time? I think the answer can be found in analyzing the following facts. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Tuesday, May 21st</span> </div> </div> </div> <p class="MsoNormal" style="text-align: justify;"><span style="font-size: 12pt; font-family: verdana,geneva; color: #000000;">This has been one of the worst stretches for gold and silver pricewise in quite some time, no secret there.&nbsp; I have to go back to when silver was in single digits to find a comparable period.&nbsp;&nbsp; The question on precious metals investors’ minds is whether this bad stretch is going to continue much longer.&nbsp; Are the past few months setting the stage for a pronounced rebound in prices or has the tide changed for the worse for an extended period of time?&n</span></p><p><a href="http://www.silverseek.com/commentary/blockbuster-gold-11856" target="_blank">read more</a></p> Tue, 21 May 2013 17:11:09 +0000 Theodore Butler 11856 at http://www.silverseek.com The Worst Regulator Possible http://www.silverseek.com/commentary/worst-regulator-possible-11571 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Sticking with the theme of milestones, we’ve just crossed a few important anniversary dates that relate to silver that taken in proper perspective point to a disturbing conclusion. That conclusion is that the US commodities regulator, the CFTC, has done more public harm than good over the past few years. Simply put, the public and our markets would have been better off had the agency not been run by the commissioners in place, specifically including Chairman Gensler and Commissioner Chilton. In fact, rarely has so much promise for genuine regulatory reform been squandered as badly as has been the case over the past few years. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, May 9th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">Sticking with the theme of milestones, we’ve just crossed a few important anniversary dates that relate to silver that taken in proper perspective point to a disturbing conclusion. That conclusion is that the US commodities regulator, the CFTC, has done more public harm than good over the past few years.</span></p><p><a href="http://www.silverseek.com/commentary/worst-regulator-possible-11571" target="_blank">read more</a></p> Thu, 09 May 2013 15:24:33 +0000 Theodore Butler 11571 at http://www.silverseek.com The Price Smash – Who, What, How and Why? http://www.silverseek.com/commentary/price-smash-%E2%80%93-who-what-how-and-why-10991 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> There is no doubt that we are at a critical juncture in gold and silver and the first order of business is to drill down to how and why prices plunged so much Friday and Monday. Certainly, more commentary (mostly on gold) is being written about the precious metals currently in regards to the price weakness than I can remember. Unfortunately, much of the analyses and commentary is wide of the mark, in my opinion. But the great thing is that everyone interested in what just took place with gold and silver prices can decide for themselves from the multitude of opinions offered as to what makes the most sense. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Tuesday, April 16th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">There is no doubt that we are at a critical juncture in gold and silver and the first order of business is to drill down to how and why prices plunged so much Friday and Monday. Certainly, more commentary (mostly on gold) is being written about the precious metals currently in regards to the price weakness than I can remember. Unfortunately, much of the analyses and commentary is wide of the mark, in my opinion.</span></p><p><a href="http://www.silverseek.com/commentary/price-smash-%E2%80%93-who-what-how-and-why-10991" target="_blank">read more</a></p> Tue, 16 Apr 2013 17:19:54 +0000 Theodore Butler 10991 at http://www.silverseek.com The Good, Bad and Ugly http://www.silverseek.com/commentary/good-bad-and-ugly-10511 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Therefore, I can’t rule out further silver price stabs to the downside before a dramatic and final resolution to the upside because both stem from the same cause – the manipulation. What I can say is that while those stabs at new price lows may occur, it is mandatory that silver prices will explode at some unknown point. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, March 25th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">This is excerpted from the Weekly Review of March 23 - </span></p><p><a href="http://www.silverseek.com/commentary/good-bad-and-ugly-10511" target="_blank">read more</a></p> Mon, 25 Mar 2013 13:28:37 +0000 Theodore Butler 10511 at http://www.silverseek.com A Moment of Clarity http://www.silverseek.com/commentary/moment-clarity-10196 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Every once in a while, someone utters a statement that suddenly galvanizes the issue at hand. In the fable “The Emperor’s New Clothes,” Hans Christian Andersen tells of two weavers who convince the emperor that their special clothing for him is invisible only to those unworthy. When the emperor parades in front of his subjects wearing the special clothing, a child cries out the obvious, “he isn’t wearing any clothes at all.” That’s the first thing that came to my mind when I read of the US Attorney General’s words before a Senate hearing this week. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, March 11th</span> </div> </div> </div> <p class="MsoNormal" style="margin: 0in 0in 10pt;"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">This is excerpted from the weekly review of March 9, 2013 -</span></p><p><a href="http://www.silverseek.com/commentary/moment-clarity-10196" target="_blank">read more</a></p> Mon, 11 Mar 2013 13:38:35 +0000 Theodore Butler 10196 at http://www.silverseek.com My Worst Fear http://www.silverseek.com/commentary/my-worst-fear-8306 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> In simple terms, Commissioner Chilton’s response to the reader confirms my worst fear – the reason the CFTC hasn’t moved against the silver manipulation is that they don’t understand it. Even though the agency publishes remarkably detailed and accurate data on concentration in their weekly COT reports, they apparently don’t comprehend what it is they are publishing. As a big believer in the premise that recognition of a problem is 50% of the ultimate solution; I also believe that if a problem is not recognized, it is unlikely to be remedied. I’ve always considered Chilton to be one of the “good guys” at the Commission, so it is quite disheartening to see him so misinterpret his own agency’s data. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, December 17th</span> </div> </div> </div> <div class="WordSection1"><p class="MsoNormal"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">Recently, I have received a good number of emails containing conversations between readers and CFTC Commissioner Bart Chilton about the allegations of a silver price manipulation because of the large concentrated COMEX short position held by JPMorgan. Chilton had previously led the move to begin the current silver investigation in September 2008 and has always been quick to respond to those writing to him, a rarity for high officials.</span></p></div><p><a href="http://www.silverseek.com/commentary/my-worst-fear-8306" target="_blank">read more</a></p> Mon, 17 Dec 2012 16:11:33 +0000 Theodore Butler 8306 at http://www.silverseek.com A Manipulation Timeline http://www.silverseek.com/commentary/manipulation-timeline-7831 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> A friend and long-time subscriber who intends to write a book about the silver manipulation asked if I could provide him with a bit of history. To my mind, the silver manipulation dates back to early 1983, when the commercial traders grew confident that they could sell any quantity of paper short contracts to the technical fund buyers on the COMEX. By that time the commercials learned that technical fund buyers would never take physical delivery and could be counted on to buy or sell based upon price signals that the commercials could easily influence and control. In essence, the game has remained remarkably similar ever since. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, November 26th</span> </div> </div> </div> <div class="WordSection1"><p class="MsoNormal"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">A friend and long-time subscriber who <span class="GramE">intends</span> to write a book about the silver manipulation asked if I could provide him with a bit of history.<span style="mso-spacerun: yes;"> </span>To my mind, the silver manipulation dates back to early 1983, when the commercial traders grew confident that they could sell any quantity of paper short contracts to the technical fund buyers on the COMEX.</span></p></div><p><a href="http://www.silverseek.com/commentary/manipulation-timeline-7831" target="_blank">read more</a></p> Mon, 26 Nov 2012 15:28:38 +0000 Theodore Butler 7831 at http://www.silverseek.com The Arguments Against a Silver Manipulation http://www.silverseek.com/commentary/arguments-against-silver-manipulation-6656 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> No matter how convinced I may be that silver has been manipulated downward in price by JPMorgan’s concentrated and rapidly increasing short position in COMEX futures contracts; it is vital to explore why that may be wrong. Particularly with a conviction held for a long period of time, it is important to make sure I am not missing anything basic. The best way to do that is to listen closely to those who may disagree with the silver manipulation allegations. However, uncovering the arguments against a silver manipulation is not as easy as you might think. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, October 1st</span> </div> </div> </div> <div class="WordSection1"><p class="MsoNormal"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">No matter how convinced I may be that silver has been manipulated downward in price by JPMorgan’s concentrated and rapidly increasing short position in COMEX futures contracts; it is vital to explore why that may be wrong. Particularly with a conviction held for a long period of time, it is important to make sure I am not missing anything basic.</span></p></div><p><a href="http://www.silverseek.com/commentary/arguments-against-silver-manipulation-6656" target="_blank">read more</a></p> Mon, 01 Oct 2012 13:35:24 +0000 Theodore Butler 6656 at http://www.silverseek.com Transparency http://www.silverseek.com/commentary/transparency-6501 <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> I’ve gotten more mail than usual from subscribers recently, most with a common theme – I should publicize the real goings on in silver to a wider audience. Many suggested taking out advertisements in popular media sources, like the Wall Street Journal, accompanied with genuine offers of contribution. Others suggested I approach the big hedge funds to interest them in investing in silver. Not only do I agree with the suggestions, but I have been trying to extend the reach of the real silver story for quite some time. It’s kind of what I do. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, September 24th</span> </div> </div> </div> <div class="WordSection1"><p class="MsoNormal"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">I’ve gotten more mail than usual from subscribers recently, most with a common theme – I should publicize the real goings on in silver to a wider audience. Many suggested taking out advertisements in popular media sources, like the Wall Street Journal, accompanied with genuine offers of contribution. Others suggested I approach the big hedge funds to interest them in investing in silver.</span></p></div><p><a href="http://www.silverseek.com/commentary/transparency-6501" target="_blank">read more</a></p> Mon, 24 Sep 2012 14:09:09 +0000 Theodore Butler 6501 at http://www.silverseek.com The CFTC Silver Investigation http://www.silverseek.com/commentary/cftc-silver-investigation <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> There has been an explosion of interest and commentary these past few days as a result of a front page story in Monday’s edition of the influential Financial Times (of London). The story stated that the CFTC was set to drop its four year investigation into alleged silver price manipulation due to insufficient evidence to bring charges, according to three unnamed sources. I went to sleep Sunday evening when the story first appeared prepared to wake up to similar and confirming stories in other publications. Instead, there were no other stories confirming the case was set to be dropped; only strong statements that the FT was story was “premature” and “inaccurate in many respects” by a named source, Commissioner Bart Chilton of the agency. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, August 9th</span> </div> </div> </div> <div class="WordSection1"><p class="MsoNormal"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">There has been an explosion of interest and commentary these past few days as a result of a front page story in Monday’s edition of the influential Financial Times (of London). The story stated that the CFTC was set to drop its four year investigation into alleged silver price manipulation due to insufficient evidence to bring charges, according to three unnamed sources.</span></p></div><p><a href="http://www.silverseek.com/commentary/cftc-silver-investigation" target="_blank">read more</a></p> Thu, 09 Aug 2012 13:30:27 +0000 Theodore Butler 5496 at http://www.silverseek.com The War on Silver http://www.silverseek.com/commentary/war-silver <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> It has taken more than 25 years for me to fully comprehend a conclusion that I never wanted to reach, namely, that there is an organized war against the price of silver that has come to include the US Government. I think the US Government involvement came into being almost accidently, but even if it was an accident of sorts, that does not diminish the serious nature of what must be described as illegal activity at the highest levels. I am conflicted between feelings of sadness and outrage. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, July 23rd</span> </div> </div> </div> <div class="WordSection1"><p class="MsoNormal"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">It has taken more than 25 years for me to fully comprehend a conclusion that I never wanted to reach, namely, that there is an organized war against the price of silver that has come to include the US Government. I think the US Government involvement came into being almost accidently, but even if it was an accident of sorts, that does not diminish the serious nature of what must be described as illegal activity at the highest levels.</span></p></div><p><a href="http://www.silverseek.com/commentary/war-silver" target="_blank">read more</a></p> Mon, 23 Jul 2012 14:32:24 +0000 Theodore Butler 5156 at http://www.silverseek.com A Few Questions; One Answer http://www.silverseek.com/commentary/few-questions-one-answer <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Please read this article carefully because I’m disclosing for the first time that the U.S. government has given JPMorgan the green light to manipulate the silver market.This fact explains the shenanigans in the silver market.It answers all the questions and exposes this tawdry affair for all to see. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Friday, June 15th</span> </div> </div> </div> <div class="WordSection1"><p class="MsoNormal" style="text-align: justify;"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt; mso-bidi-font-family: 'Times New Roman';">Please read this article carefully because I’m disclosing for the first time that the U.S.</span></p></div><p><a href="http://www.silverseek.com/commentary/few-questions-one-answer" target="_blank">read more</a></p> Fri, 15 Jun 2012 13:09:58 +0000 Theodore Butler 4351 at http://www.silverseek.com Illegalities http://www.silverseek.com/commentary/illegalities <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> The Commodity Futures Trading Commission (CFTC) has been negligent in failing to terminate the obvious manipulation ongoing in silver. Furthermore, the agency may be complicit in this manipulation. Worse, it has lied to the public and elected officials. This all goes back to the time when Bear Stearns was taken over by JPMorgan in March of 2008. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Friday, May 25th</span> </div> </div> </div> <div class="WordSection1"><p class="MsoNormal" style="background: white; text-align: justify;"><span style="color: black; font-family: 'Verdana','sans-serif'; font-size: 10pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: 'Times New Roman';">The Commodity Futures Trading Commission (CFTC) has been negligent in failing to terminate the obvious manipulation ongoing in silver.<span style="mso-spacerun: yes;"> </span><span style="mso-spacerun: yes;"> </span>Furthermore, the agency may be complicit in this manipulation. Worse, it has lied to the public and elected officials.</span></p></div><p><a href="http://www.silverseek.com/commentary/illegalities" target="_blank">read more</a></p> Fri, 25 May 2012 20:22:25 +0000 Theodore Butler 3916 at http://www.silverseek.com Knowing the Game http://www.silverseek.com/commentary/knowing-game <div class="field field-type-text field-field-article-snippet"> <div class="field-label">Snippet:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Especially at times of price pressure like now, it can be reassuring to know how the game is being played. I’m not speaking of the day to day price movements, but of the dominant forces that generally cause both short term and long term price movements. The price of world silver and gold is mostly set on the COMEX. Over the longer term, of course, other things will influence the price, such as production and consumption and investment demand. But these longer term influences don’t change radically from day to day and it is usually unproductive to link those influences to short term prices. And sometimes, like now, world events would strongly favor a rush towards precious metals were it not for price-setting on the COMEX. </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Wednesday, May 9th</span> </div> </div> </div> <div class="WordSection1"><p class="MsoNormal"><span style="color: #000000; line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">Especially at times of price pressure like now, it can be reassuring to know how the game is being played. I’m not speaking of the day to day price movements, but of the dominant forces that generally cause both short term and long term price movements. The price of world silver and gold is mostly set on the COMEX. Over the longer term, of course, other things will influence the price, such as production and consumption and investment demand.</span></p></div><p><a href="http://www.silverseek.com/commentary/knowing-game" target="_blank">read more</a></p> Wed, 09 May 2012 18:01:41 +0000 Theodore Butler 3476 at http://www.silverseek.com JPM’s TV Appearance http://www.silverseek.com/commentary/jpm%E2%80%99s-tv-appearance <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Wednesday, April 11th</span> </div> </div> </div> <div class="WordSection1"><p class="MsoNormal"><span style='line-height: 115%; font-family: "Verdana","sans-serif"; font-size: 10pt;'>There was a very interesting and potentially significant development dropped into the silver equation this week. I’m speaking of the appearance of the head of commodities for JPMorgan, Blythe Masters, in a short interview Thursday on CNBC. There has already been widespread reaction to the clip and I must admit that it touched off a whirlwind of different thoughts in my mind. Quite frankly, I’m glad I’ve had a bit of time to sort them out before commenting.</span></p></div><p><a href="http://www.silverseek.com/commentary/jpm%E2%80%99s-tv-appearance" target="_blank">read more</a></p> Tue, 10 Apr 2012 14:35:04 +0000 Theodore Butler 2796 at http://www.silverseek.com Fair is Fair http://www.silverseek.com/commentary/fair-fair <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, February 16th</span> </div> </div> </div> <div class="WordSection1"><p class="MsoNormal"><span style="line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;"><span style="mso-spacerun: yes;"> </span></span><span style="line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">In December, I made public an article discussing the short position in the big silver ETF, SLV. At that time, the short position in SLV shares was in excess of 25 million shares and would run up to 26.6 million shares by mid-January.</span></p></div><p><a href="http://www.silverseek.com/commentary/fair-fair" target="_blank">read more</a></p> Thu, 16 Feb 2012 16:05:08 +0000 Theodore Butler 2011 at http://www.silverseek.com Enough is Enough http://www.silverseek.com/commentary/enough-enough <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Thursday, February 9th</span> </div> </div> </div> <div class="WordSection1"><p class="MsoNormal"><span style="line-height: 115%; font-family: 'Verdana','sans-serif'; font-size: 10pt;">The journey to justice and truth is often long and arduous, but must never be abandoned. The alternative is to live a life lacking substance. But neither should the journey be unnecessarily prolonged. These things tend to creep up on you day by day, but we have passed the point of the CFTC taking too long for deciding if the silver market has been manipulated in price. Enough time has passed.</span></p><p class="MsoNormal">&nbsp;</p></div><p><a href="http://www.silverseek.com/commentary/enough-enough" target="_blank">read more</a></p> Thu, 09 Feb 2012 15:49:02 +0000 Theodore Butler 1876 at http://www.silverseek.com Three Elements of Manipulation http://www.silverseek.com/commentary/three-elements-manipulation <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Monday, January 9th</span> </div> </div> </div> <p>&nbsp;</p><p style="margin: 0in 0in 10pt;" class="MsoNormal"><span style='line-height: 115%; font-family: "Verdana","sans-serif"; font-size: 10pt;'><span style="color: rgb(0, 0, 0);">This is an excerpt from the Weekly Review for subscribers of January 7 -</span></span></p><p><a href="http://www.silverseek.com/commentary/three-elements-manipulation" target="_blank">read more</a></p> Mon, 09 Jan 2012 16:25:23 +0000 Theodore Butler 1036 at http://www.silverseek.com SLV Short Position Update http://www.silverseek.com/commentary/slv-short-position-update <div class="field field-type-filefield field-field-article-image"> <div class="field-items"> <div class="field-item odd"> <img src="http://www.silverseek.com/sites/default/files/imagecache/featured_article/sites/silverseek.com/files/article_image/Eagles_1.jpg" alt="" title="" class="imagecache imagecache-featured_article imagecache-default imagecache-featured_article_default" width="300" height="200" /> </div> </div> </div> <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Friday, December 23rd</span> </div> </div> </div> <p style="margin: 0in 0in 10pt;" class="MsoNormal"><span style='line-height: 115%; font-family: "Verdana","sans-serif"; font-size: 10pt;'><span style="color: rgb(0, 0, 0);">The latest short position report for stocks was released earlier in the week for positions held as of Nov 30. This was the report that I had speculated would show a decline in the short position of SLV, the big silver Exchange Traded Fund (ETF). Contrary to my expectations, the short position for SLV increased by more than 2.2 million shares to 25.2 million shares. This represents almost 25 million ounces of silver.</span></span></p><p><a href="http://www.silverseek.com/commentary/slv-short-position-update" target="_blank">read more</a></p> Mon, 19 Dec 2011 16:02:05 +0000 Theodore Butler 736 at http://www.silverseek.com An Unmitigated Disaster http://www.silverseek.com/commentary/unmitigated-disaster <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Tuesday, December 13th</span> </div> </div> </div> <p style="margin: 0in 0in 10pt;" class="MsoNormal"><span style='line-height: 115%; font-family: "Verdana","sans-serif"; font-size: 10pt;'>Oftentimes, the significance of truly historic events is not fully appreciated at the time they occur. I think we are at one of those times with the bankruptcy of MF Global. There’s no question that the news and overall circumstances of the demise of the large commodities brokerage is widely known, but the significance of the event is not yet fully understood.</span></p><p><a href="http://www.silverseek.com/commentary/unmitigated-disaster" target="_blank">read more</a></p> Wed, 14 Dec 2011 01:13:02 +0000 Theodore Butler 521 at http://www.silverseek.com US Commodity Regulation - A Failed Mission? http://www.silverseek.com/commentary/us-commodity-regulation-failed-mission <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Tuesday, December 13th</span> </div> </div> </div> <p style="margin: 0in 0in 10pt;" class="MsoNormal"><span style='line-height: 115%; font-family: "Verdana","sans-serif"; font-size: 10pt;'>(This was sent to subscribers on May 25)</span></p><p style="margin: 0in 0in 10pt;" class="MsoNormal">&nbsp;</p><p><a href="http://www.silverseek.com/commentary/us-commodity-regulation-failed-mission" target="_blank">read more</a></p> Tue, 13 Dec 2011 23:41:10 +0000 Theodore Butler 491 at http://www.silverseek.com First Fear, Then Anger http://www.silverseek.com/commentary/first-fear-then-anger <div class="field field-type-datestamp field-field-article-published-date"> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">Tuesday, December 13th</span> </div> </div> </div> <p style="margin: 0in 0in 0pt;" class="MsoNormal"><span style='color: black; font-family: "Arial","sans-serif"; font-size: 10pt;'><span style="font-family: Verdana, Arial, Helvetica, sans-serif;">This is an excerpt from the Weekly Review of May 7, 2011</span></span></p><p style="margin: 0in 0in 0pt;" class="MsoNormal">&nbsp;</p><p><a href="http://www.silverseek.com/commentary/first-fear-then-anger" target="_blank">read more</a></p> Tue, 13 Dec 2011 23:36:45 +0000 Theodore Butler 476 at http://www.silverseek.com