BIG DOINGS IN SILVER
Yes, it’s been a hellaciously long time waiting for silver to rise. However, that does not detract from its potential to be a fabulous winning investment. As silver analyst Theodore Butler puts it, “Silver has the greatest profit potential of any asset on earth.” We can agree with that because silver is still cheap. The markets have kept it cheap on paper while big hoarders have loaded up on physical silver. That means the demand for physical silver remains strong and steady.
As Ted Butler explains, JPMorgan appears to be reducing and perhaps eliminating its manipulative short position. Should that begin, Ted Butler predicts the price will rise dramatically. The bad publicity generated from the Justice Department’s indictment of its illicit trading practices should certainly change its strategies going forward. Consequently adding silver with the spot price under $20 an ounce seems more than reasonable.