TED BUTLER'S LEGACY
One thing about Ted Butler, he was a straight shooter. He was careful and cautious about the data he presented. He spent a lot of time studying the silver market and he seemed to know everything about it. Invariably, he came up with new ideas and analysis that quickly became part of silver lore. Basically, Ted uncovered what he called a “rigged game” in commodity futures trading. The big banks and brokerage firms manipulated the silver market in their favor for years, and Ted showed how they did it.
For years he claimed this price suppression would lead to a silver shortage. It now appears that a shortage is unfolding, and the price of silver is starting to reflect this tightening of supply. Ted always claimed this shortage would set off a tremendous price surge that would set records. That hasn’t happened yet, and some investors have given up on silver. Ted wouldn’t hear of any suggestion that the silver price explosion he predicted might not happen. In fact, he argued that any delays in the ultimate reckoning would cause an even greater price explosion. Ted was sure that something big was going to happen at any moment. The big shorts would be overrun.
Ted saw silver strictly as a money-making opportunity. He didn’t buy into it being a hedge against the falling dollar. Nor did he believe much in gloom and doom scenarios. He saw silver as a bargain and a way to get rich.