In this week's Off The Cuff podcast, Chris and Ted Butler discuss:
- How Precious Metals Spot Prices Get Set In This Market
- The big banks operating in the paper markets have oversized influence
- Silver's Moonshot Potential
- An "accident waiting to happen" in terms of upside
- Likely Triggers Of A Silver Supply Squeeze
- A number of candidates abound
- JP Morgan Is Amassing The World's Largest Silver Horde
- Positioning itself for higher prices ahead?
Ted Butler returns to provide an extremely in-depth explanation of how the precious metals futures markets work (very important to understand this, as that's where PM prices are determined). Yes, it's an unlevel playing field; and yes, the big banks are at the heart of the unfairness. But Ted explains why the fundamentals of supply and demand in the silver market will one day trump all, and why silver is "an accident waiting to happen" in terms of price upside:
What I am saying is: there is such an incredibly small amount of new silver that is available from current production (I’m including recycling because that is where it basically comes from) that it can be gobbled up in a second.
How can the price be so cheap with these kinds of facts and circumstances? The answer is we go back to the managed money, technical funds and the commercial banks.
by arthur-robey-2