If you are thinking about buying physical Silver...Submitted by SIERRAHPBT on Wed, 11/17/2010 - 11:25
"I’m getting a feeling in my “bones” that we will soon witness some real excitement to the upside in silver. These feelings are similar to what I felt back in July and August, when I speculated we could see a $5 to $10 pop in silver from the then-price of $18. This time, I’m thinking the pop could be larger and quicker. Yes, I know that prices have been very volatile lately and we’ve experienced a sharp take down in prices from the historic highs of a week or so ago. The current sell-off has a lot to do with my new-found-bullish short term inclinations. As always, I’ll lay out the case and let you decide on its merits."
Do it QUICK. As you can see again Butler is seeing a good price jump in the near future.
Butler also said the COT report has NEVER looked more bullish. The big shorts jpmorgan and the rest are trying to buy back and cover as many shorts as possible before the Dodd/Frank futures contract limitations get going. Most reccomendations are to have a 1400 to 1500 contract limit. Right now JpMorgan
has well over 25,000 of these contracts.
"There have now been 25 lawsuits filed against JPMorgan, etc., for manipulating the price of silver. JPMorgan and silver manipulation have become synonymous. However, the big wild card is still on the regulatory side, both for the silver investigation and the looming discussion on position limits. We are now just days from the remaining two month-mark that Dodd-Frank set as a deadline for having position limits in energy and metals. I’ve yet to see anyone propose a position limit other than 1400 to 1500 in silver. I know I’m close to this issue, perhaps too close, as I have been for two decades. But my sense is that the coming discussion will impact silver prices a lot."
The next price push up in silver is within weeks.
I would go ahead and buy what you want or feel you need. This is also a time to possibly look into buying a few silver options. I am in no way an expert when it comes to this, but if you look into the march 35's, that may be a good choice.
If you are investing in silver please subscribe to Ted Butlers service. It is only 30.00. I have been reading Butler now for 8 years, he has been dead on with ALL the issues surrounding Silver. By subscribing you can go in and read all his essays from 2000. You will see just exactly how correct and accurate he has been. Everything he predicted has and is coming to fruition. www.butlerresearch.com
Ted Butler is absolutly the expert in Silver. NO ONE ELSE COMES CLOSE. No one can read the Cot reports like Butler. He has always called the ups and downs in this market.