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Silver Prices Are About to Fall

You are ignoring the huge illegal short position of the few concentrated banks which may be just JPM. The move to correct illegal futures manipulations by the SEC could release info at any time that would extend silver & gold much higher. However, the right thing to do would collapse JPM and the treasury will try to prevent that. So only 1/2 way measures will likely be done, but silver is primed for a surprise up move at any time. You guessed it, I follow Ted Butler. You can read him at investmenrarities.com The silver spot trade has been a $16-$18 range and I figure a pop to $18-$20 is the next range before the big bang up. If silver drops as you think, and your points are valid, it is a buying opportunity that won't last long.

Apples of Gold, Settings of Silver, and Barrick Gold

Hey Germany..... have you read Ted Butler butlerresearch.com The uses for silver are growing as well as investment demand in silvers very small market. The global downturn has reduced the industrial amount currently used in all the metals but not silvers uses. Since silver is mostly a by-product of industrial metals, mine shut downs are making silver in even shorter supply. APEX crapped out because of its derivatives positions and borrowing deals. It played the short game in a silver bull market just like JPM is doing. This is probably a big reason Jim Rogers has shorted JPM. When just a tiny portion of folks of your thinking see the light, silver will be off to the races and the huge short positions will default causeing more panic. Once it starts it will be too late to buy. The silver market had blood in the streets last year, the recovery is on the way in spite of continuing manipulations by the likes of JPM, regulators, and the US Treasury to support the Dollar. This applies to gold also, but not as much as with silver. READ TED!

If This Comes True, You'll Be Glad You Own Gold & Silver

Did you forget about silver so quick? Try butlerresearch. com & silverstockreport.com

Why Mining & Metal Investments Could Shine in the Coming Years

AND THEN ADD TED BUTLERS STUDY butlerresearch.com of June 16th of which this is a portion..........But what happens when someone buys shares in these ETFs and the seller is selling those shares short? Does the short seller deposit metal to back up the buyer’s purchase? No. The short seller just sells the shares short without depositing metal, perhaps borrowing other shares first, perhaps not. The buyer doesn’t know who he is buying from, he gets a confirmation of his purchase from his broker, pays for it and assumes, according the representations in the prospectus, that he is buying new shares issued by the sponsor who has deposited metal, or from an existing shareholder who has decided to liquidate his shares. It never occurs to the buyer that he is buying from a short seller who is not depositing metal. In essence, the short seller is circumventing what is promised in the prospectus. That party is short-circuiting and destroying the promise clearly laid out in the prospectus that real metal backs every share sold.
Here’s the disturbing question - which buyers’ shares are left without silver backing when short sellers are involved in the transaction? Just the hapless and unsuspecting buyer who was unlucky enough to happen to have his purchase short sold, or do all SLV shareholders get shaved proportionately, like a silver coin clipped in olden times? Don’t look to the prospectus for answers, because you won’t find any.
For those who were unaware of this and don’t understand how shares can be sold with no metal backing (or doubt my contention), there is hard proof. There is a short position list reported that proves short selling exists. Currently, the SLV shows a small published short position on the American Stock Exchange of around 250,000 shares, or the equivalent of 2.5 million ounces. On March 11, this reported short position hit almost 1 million shares, or nearly 10 million ounces. So, there can be no doubt that some short selling exists, which raises all sorts of disturbing questions. In my opinion, this aspect of the metal-only ETFs wasn‘t fully thought through before their introduction. Unfortunately, the problem may be worse than just this SLV short selling; maybe much worse.
WHAT’S GOING ON?
Around this past April 15 I began to notice a more pronounced delay of silver deliveries into the SLV. This was for much larger amounts of silver than I previously observed. In fact, the amount of short selling in SLV shares began to look extreme.
Just a short word on short-selling. Please don’t confuse this discussion on the short selling of shares of the SLV (and GLD and IAU) with the short selling I continually discuss in COMEX silver futures. I know this can be a complicated topic, but it is important for you to understand it. In futures, there must be a short for every long. Therefore, the problem in silver futures is not the presence of shorts, but the documented concentrated nature of this short position, namely, an extremely large short position held by just a few traders. Less extreme concentrations in other commodities have always been considered manipulative by the CFTC in the past; just not now in silver (and gold), for some reason.........READ IT ALL FOLKS the big boys gold & silver manipulation days are numbered and you can speed it along if you own gold & silver ETFs OH! THE HISTORY WE WILL WITNESS !