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Message: ted butler mentions silver standard

ted butler mentions silver standard

posted on Aug 19, 2008 08:06AM

this is an excerpt from ted butler's essay. he also mentions silver standard as a company that profited from the purchase of silver bullion, and urges the company to do so again, and take advantage of the current low price.

What we just witnessed in the historic sell-off in silver and gold was a crime. That’s not a crybaby complaint. There were no supply or demand developments that could account for the severity of the sell-off. The proof that this sell-off was criminal lies in public data provided in the Commitment of Traders Report (COT) and a basic understanding of how the futures market works. This has been the most extreme sell-off in the recent history of silver and gold. We are farther below the moving averages than at any point since I have been writing about silver. Price movements this severe are likely to be intentional and not accidental.

Every criminal act must have a motive and an opportunity to commit the crime. By the simple process of elimination, those responsible for this crime are the concentrated commercial shorts on the COMEX. No one else fits the profile. They had the means (through their dominant and monopolistic position), the profit motive and the skill to cause the sell-off.

http://news.silverseek.com/TedButler...

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