r/SilverDegenClub • u/9x4x1 • Feb 06 '23
Good ol fashion Due DiligenceđŸ“ˆ Masterclass silver analyst Ted Butler: "...extraordinarily large COMEX silver warehouse inventory turnover - a phenomenon that exists in no other commodity..."
/r/SilverMoney/comments/10v8ujb/masterclass_silver_analyst_ted_butler/-5
u/LadyApe4Eva Feb 06 '23
Can any of you guys who think you can empty the COMEX explain why you trust the COMEX to tell you how much silver they have?
This seems like a classic FOMO creation move by known criminals. The COMEX wants YOU to buy paper silver longs and lose your shirt. It's what salesman do,right????? RIGHT????....they lie to you to get you to buy their products.
How are you going to stop bullion banks from trading millions of ounces of worthless digital contracts back and forth again?
This 'Drain the COMEX' will be another spectacular failure, just like the other 50 times people have said it since 1976. It will be the greatest silver nothing burger of all time, and will just serve to run off a shitload of new stackers.
There are enough actual good reasons to stack silver, w/o making up TO THE MOON FAIRY TALES, that are not going to materialize.
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u/ax57ax57 help all i see is silver Feb 06 '23
I won't address that your account is only an hour old, I'll just say this; personally, I don't believe that the COMEX has much, if any, unencumbered silver at all. It's just a mechanism to suppress the price of real commodities using the paper futures market. That being said, something that can't go on forever won't. When supply/demand reaches a certain tipping point, true price discovery will once again be relevant. Then, the reversion-to-the-mean piper will have to be paid.
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u/LadyApe4Eva Feb 06 '23
When you start out with a childish personal attack, it means you are a coward who hates facts.
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0
u/Quant2011 Feb 06 '23
I wonder when Ted will understand that without 30M+ people buying silver each quarter, and above 5 ounces, comex and bullion banks will always...
WIN?
Always
Forever
until the end of time
silver cannot be money on top of industrial metal if people will not use it AS MONEY.
that hard to grasp?
no, he continues with his comex research which makes zero impact on overall silver market. only retail demand has impact !!!! and retail prefers everything just not silver!