FULL PANTS DOWN
I believe that one of the most powerful financial forces known to man is building in silver. It has been discovered by our consulting silver analyst Theodore Butler and my goal is to spread the word. Nothing can send the price of silver to the stars like the pending short squeeze Mr. Butler claims to have discovered. Consequently, we are running the following ad in many newspapers.
The research report we advertise is primarily written by Mr. Butler. He explains that eight banks have sold short 500 million ounces of silver on the COMEX. On the long side a number of trading entities are long 550 million ounces. Mr. Butler sees evidence that the bulk of these longs are holding for the long term. A rise in the silver price will cause large losses for the banks who hold the short position. If and when they are forced to cover and buy back their shorts it will cause an enormous price rise.
Years ago, Mr. Butler’s mentor Izzy Friedman predicted that the shorts would someday get caught when they had a record short position. That’s the case now. Izzy Friedman suggested the big banks would get caught with their pants down. He called it, “Full pants down.” The size of these paper positions is truly enormous. A $10 rise in silver would cost the eight banks $5 billion. By that time the silver market would be in panic as those who shorted the metal scrambled to cover.
Yes, the banks are attempting to hold the price down, but the question of how to get out of their short position hangs over them like the sword of Damocles. A catastrophic threat looms overhead. Mr. Butler claims this is the financial opportunity of a lifetime. He thinks the coming price rise in silver will be written about for centuries.
