Ted Butler says JPM’s epic stack is “super bullish”

Discussion in 'Silver' started by minimilled, Jan 27, 2020.

  1. minimilled

    minimilled Active Member

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    http://silverseek.com/commentary/genius-jpmorgan-17823

    In essence:
    JPM buys out Bear Stearns in 2008 GFC, which had the largest short position on the COMEX
    JPM then becomes the biggest shorter, but at the same time gradually accumulates the world’s biggest stack, 900MOz, more than a whole year of the entire global silver supply
    JPM also accumulates 25MOz gold, about a quarter of the world’s annual production
    Ted’s theory - the grand plan is to shaft the other shorters.

    “The combination of JPMorgan being ideally positioned for an historic surge in the price of gold and silver and the other big shorts being as poorly positioned as is possible is not a work of fiction but of fact, based upon public data published by the CFTC. This is what sets the stage for a dramatic price rise in gold and silver. Should Bridgewater Associates (ie Ray Dalio) be proven correct about gold surging to $2000, the additional damage to the big shorts is almost incalculable”
     
    minimilled, Jan 27, 2020
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  2. STKR

    STKR Well-Known Member Silver Stacker

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    Just a quick correction:
    "900MOz, more than a whole year of the entire global silver supply".

    900Moz is more than a whole year of global mining supply. Total supply is over 1 billion Oz's once you factor in scrap metal refining.

    Also, JPM's alleged holdings could be used to inject physical silver and gold into the markets to keep the price suppressed, rather than to capitalise on higher metal prices.

    I'm very sceptical about metal prices over the next few months. I have a feeling that we will go lower before we go higher.
     
    STKR, Jan 27, 2020
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  3. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Ted Butler has no idea, and is the last person you should be listening to..... after Mike Baloney.
    This is Ted:

    ted.jpg
     
    wrcmad, Jan 27, 2020
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  4. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    You can easily add Jim Rickards and Peter Schiff to that list too ;)
     
    mongrelmaple, Jan 27, 2020
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  5. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Yeah, I'd add David More-gone and Eric Sprott too, but the list just gets too long.
     
    wrcmad, Jan 27, 2020
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  6. Slimey

    Slimey Well-Known Member

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    That photo of Ted with the bong is a classic. I will never be able to think of Ted Butler in the same light again. Well done wrcmad, could be the post of the year..(if such an award existed)
     
    Slimey, Jan 27, 2020
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  7. 316ag

    316ag Active Member

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    Keith Weiner from Monetary Metals has a good analysis of precious metals. Monetary Metals even offer interest (around 3%) paid in gold, if you loan metal to one of their metal leases. Minimum 10 oz of gold or equivalent in silver. Australian investors gold is pooled at Australian Bullion Company.
     
    316ag, Jan 29, 2020
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