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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Best of Jim Cook
May 17, 2016
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BACK UP THE TRUCK

So much is going on with silver you wonder if we aren’t on the verge of a price blow off. I pay close attention to what silver analyst Ted Butler tells me. I promise you he is so far out in front of every other silver analyst they have to plagiarize to keep up. He sees tightness in physical silver. He tells me how the silver ETF has a building short position. He explains that JPMorgan is standing for delivery on the COMEX and still accumulating thousand ounce bars. He thinks the record short position on paper by the big banks could crash silver briefly, but he thinks the composition of the short holders will be subtly changing as JPMorgan gradually slips the noose. A silver shortage seems probable and JPMorgan is ripe to make mega-billions in a silver melt-up that can’t be forestalled for long.

Ted Butler says that silver is still ridiculously cheap and the inevitable events that are unfolding around it offer a tenfold gain. He sees the dramatic rise of silver stocks that can only be justified if silver melts up. He sees the still aggressive silver hoarding of JPMorgan as proof of a coming silver explosion. He mentions the decline in silver mining production, the increase in industrial use, the possibility of Chinese buying, the vast increases in money and credit and the shrinking physical supply of available silver as the underpinnings of this miraculous metal which he promises must rise ten to twenty times before the price balances supply and demand.