Why physical silver . . . why now?
*Dow Theory Letters, by Richard Russell, May 21, 2015
”According to silver expert Ted Butler, JP Morgan has been keeping the price of silver down by selling paper silver short on the Comex. JP Morgan has a position of 75,000 ounces of silver short on the Comex, and this has kept the price depressed.
In the meantime, JPM has, according to Ted Butler, accumulated 830,000 ounces of physical silver. When JPM halts its short-selling on the Comex, silver should start rocketing higher. Thus, by keeping the price of silver down, JPM has bought a great hoard of silver at depressed prices. This is like a tight spring that is loaded and ready to fire.
My advice is to buy physical silver, which is now priced below the cost of production, and above all, exercise patience. The precious metal trap is loaded and ready to snap.”
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.