Cook: What is the reason for the extreme price volatility in the silver market?
Butler: We're reaching the end of the line, in terms of the final resolution and the train is shaking so much, it looks to be coming off the tracks.
It’s time to watch the Silver/Gold ratio for new forward indications, and let the industrial metals hysteria play itself out. But make no mistake, Copper/Gold is the tail and Silver/Gold is the dog. Not the other way around.
This year, Americans have purchased one out of every three ounces of physical silver bar and coin compared to the rest of the world. And, that’s not all. If we also consider total Silver ETF demand, the U.S. based SLV ETF has seen its inventories increase by over 200 million oz in 2020.
There’s a lot going on in the financial markets right now, and the well-renowned Michael Pento joined me on the show to share what he’s seeing, how he’s responding to the election from an investment standpoint, and what he sees for gold and silver in 2021.
Silver market analyst Ted Butler marvels today at how 20% of the world's known thousand-ounce silver bars managed to move this year into the inventories of silver exchange-traded funds and Comex vaults without exploding the metal's price.
Of course, this is my speculation and anyone is free to come up with an alternative explanation for the remarkable inflow of 400 million oz. But as I’ve said, any talk of the documented inflow is as rare as hen’s teeth. Regardless, I find the whole set up to be bullish beyond belief. The minute that JPMorgan decides not to assist the 8 remaining big shorts is the same minute the price explodes. Again, no one can predict when that minute will occur in advance, but based upon the continuing flow…