Ted Butler

Articles by Ted Butler

The new Office of the Comptroller of the Currency’s Quarterly Derivatives Report was just released for positions held as of Dec 31, 2021. The report covers Over-The-Counter derivatives positions, including precious metals derivatives held...
The most recent Commitments of Traders (COT) report, for positions held as of Tuesday Feb 1, indicated, even more than expected, massive managed money selling and commercial (bank) buying in COMEX gold and silver futures. So, once again,...
I’m taking the unusual step of publishing a follow up article to my recently posted public article on the recent stunning OCC derivatives report. What prompts this more serious turn on my part was a question from a reader of my public...
“Sign, sign, everywhere a sign…Blockin’ out the scenery, breakin’ my mindDo this, don’t do that, can’t you read the sign?”That was from a teenage song of rebellion some 50 years ago, by The Five Man Electric Band (from Canada), I believe...
Silver purchased in retail forms tends to be held for long periods of time, often sometimes over a lifetime and passed on to heirs. To some extent that’s because of the rather few opportunities silver investors have had to cash in at high-...
Suddenly, out of nowhere BankAmerica has emerged as a major participant in precious metals OTC derivatives. This new fact is contained in the latest release of the Treasury Department’s Office of the Comptroller of the Currency (OCC...
The current short position in COMEX silver is mostly held by 8 major financial firms. We can only guess who they are because their identities are protected. According to the COT reports, the biggest 4 are short nearly 60 thousand contracts...
I started calculating the financial plight of the 8 big shorts in COMEX gold and silver on a twice-weekly basis around June 2019. That’s when gold moved higher. The big shorts had added quite aggressively to short positions early in the...
As widely telegraphed over the past week, the US Justice Department and Commodity Futures Trading Commission (along with the SEC) have settled the precious metals spoofing/manipulation case which first came into view in November 2018 with...
For those who have come to be convinced of the silver price manipulation, as well as those who remain unconvinced, I ask you to put aside all thoughts about derivatives trading, concentrated short positions and epic double crosses and...

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Peru became the world’s largest producer of silver in 2012.

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