The Process Needs Some Help
The latest commentary from Ted Butler regarding silver and it’s manipulation, while accurate as always, leaves one with the same feeling of when? Yes, the last two to three years have seen a major drawdown in the inventories of actual, available, physical silver because of rule changes allowing exchange for physical and silver to be shipped out to London. Unfortunately, this process is taking too long to reach the level where real price discovery is allowed to take place. Since it is unlikely that any of the major participants in the silver industry would bring a lawsuit against the Comex, the CFTC and the US Treasury for the obvious price manipulation, if they were going to do so it would have happened sometime in the last twenty years. Therefore, other steps are necessary. While it won’t end the manipulation overnite, the inventory drain is going to have to play out over time, the process could be accelerated. Anyone who has a futures trading account needs to close out their long silver futures positions and never buy any new ones. If no one goes long(except the manipulative banksters trading back and forth with themselves)there won’t be anyone to take the other side of their naked shorts. Silver futures trading on the Comex needs to dry up and wither away. In due time actual physical trading of silver in China and India will lead to real price discovery. The money that futures players currently put into long silver futures contracts needs to go into actual physical silver instead. It is long past due to end this market abomination. Close out your silver futures contracts and BOYCOTT Comex silver trading.