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Jim Cook



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

Ted Butler Commentary
February 1, 2005

tb archive

Update and Another Interview

By Theodore Butler

The latest Commitment of Traders Report (COT) indicated a continued improvement in the market structure for gold and silver. This is the third consecutive weekly improvement in the COTs since the bottom in early January. In gold, the dealers have reduced their net short position in COMEX futures by over 112,000 contracts (11.2 million ounces) and by almost 40,000 contracts in silver (200 million ounces). These are among the largest clean-outs in history, and set the stage for powerful rallies ahead.

My personal take on the COTs is still that the bottom is effectively in, and we are at an ultra-low risk buy point. If I am wrong and we do take out the January lows by a decent margin, it will only come with heavy tech fund new short selling. This can only make the market structure even stronger as there is no way the tech funds would then not be required to buy back their shorts at a loss. This is a time to be aggressively invested.

Here’s a link to another recent interview