Ted Butler | +100 Million oz Silver Trade, JP Morgan Busted Again

Money is pouring into silver, big time, and another JP Morgan trader pleads guilty to manipulation. Ted returns to break-it all down for us…

Ted Butler of Butler Research interviewed by James Anderson of SD Bullion

Another longtime JP Morgan precious metals trader busted by the US Justice Department this week.

In the last three months, we have witnessed over 100 million troy ounces of silver bullion flow into three significant silver ETFs.

An amount of silver bullion nearly equivalent to both the 1980 Hunt Brothers and late pre-2000 Warren Buffett Berkshire Hathaway silver hoards.

This week, we speak with multi-decade silver analyst Ted Butler about these big silver news items and more.

Another solid week turned in for the monetary precious metals’ values and fiat price action.

The spot silver price is trading late this week around 17.50 oz in fiat US Federal Reserve notes

The spot gold price is trading $1,530 fiat US dollars per troy ounce near the end of this week’s trading

The Gold-Silver Ratio has ticked 1 troy ounce lower this week. It now takes 87 inferred ounces of silver to acquire 1 derivative ounce of gold.

About nine months, we last spoke with this week’s Metals & Markets Wrap guest, regarding the first, long time JP Morgan precious metals derivative trader, admitted guilt to financial fraud and market crimes committed.

This week, we welcome back long-time silver analyst, Ted Butler to the show. To discuss yet another guilty plea this week by another over decade long executive director from JP Morgan’s precious metals trading division for the financial market crime of spoofing.

We hear Ted’s take on the US Justice Departments various indictments of precious metal market criminals over the past year’s time.

As well, we also discuss a likely massive silver trade which has formed in the last 3 months, in three of the most major silver ETF derivatives. This trade is of a silver bullion hoard the size of both the former Hunt Brothers and Berkshire Hathaway’s Warren Buffett.

We discuss who is possibly making a multibillion-dollar move into the physical silver investment market and what this kind of movement may portend for some of the precious metal derivative trading entities on the short side of silver moving ahead.

Ted Butler | +100 Million oz Silver Bullion Trade | JP Morgan Spoofing Trader Busted Again

–

Welcome to this week’s Metals & Markets Warp, I am your host James Anderson of SD Bullion.

With us this week, a returning guest. Mr. Ted Butler of Butler Research.

Thanks for taking the time today and coming back on our podcast.