Podcast

Chris Interviews Ted Butler: The End of Silver Price Manipulation

Friday, November 19, 2010, 10:18 AM

2010 has been an exceptional year for silver. The price has increased over 50% to-date, and the CFTC (the US commodity regulatory body) issued a statement last month admitting that the market price of silver may have been (and still may be) fraudulently manipulated. An investigation is underway.

Ted Butler is one of the pre-eminent commentators on the silver market. In addition to his decades following the metal, he's spent years raising suspicions about silver’s suppression by a few large banks taking on egregiously large short positions. The current CFTC action is a direct result of Ted’s activism.

In the podcast below, Chris conducts an in-depth interview with Ted focusing on the most important aspects that anyone interested in silver needs to know now. In short, Ted predicts the imminent end to the manipulation will ultimately send the price higher - much higher.

The podcast covers:

  • Why silver has such a compelling value story
  • The coming silver supply crunch
  • The argument behind the allegations of silver price manipulation
  • Drivers behind the recent price action in silver
  • Why price volatility will increase
  • The expected outcome of the CFTC’s investigation and why Ted thinks it will be "a bombshell for the silver market"

Within the podcast, Ted mentions how the CFTC is actively soliciting ideas and opinions from concerned citizens regarding its investigation. Those interested can weigh in by clicking here.

In part 2 of this interview, Chris and Ted dig more deeply into the mechanics of how the alleged manipulation has been conducted, as well as Ted's outlook on the future price for silver. The part 2 podcast is only available to PeakProsperity.com enrolled users (i.e. paying subscribers), though any interested listeners can enroll here to gain access to it.

This interview kicks off a new multimedia series focusing on substantial, intelligent exploration of topical events and ideas between Chris and leading thinkers. Expect more to come in the near future.

And expect the sound quality to improve soon, too. Chris is almost done installing a proper A/V set-up that will produce much more polished audio (and video!).

Stay tuned,
Adam

To listen to Part 1 of this podcast interview, simply click the play icon below:

About the guest

Ted Butler

Ted Butler is an independent Silver Analyst who has been publishing precious metals commentaries on the internet since 1996. At his website ButlerResearch.com, he offers a subscription service with once or twice weekly commentaries including detailed analysis of the Commitment of Traders Report, regulatory developments, supply/demand considerations, and topics of interest to investors in precious metals, with an emphasis on silver.

Related content

20 Comments

darrah7's picture
darrah7
Status: Member (Offline)
Joined: Feb 18 2009
Posts: 14
Re: Chris Interviews Ted Butler: The End of Silver Price ...

Ted Butler is as good as they come - sticks to the facts and doesn't sensationalize things.  Good interview.

cmartenson's picture
cmartenson
Status: Diamond Member (Online)
Joined: Jun 7 2007
Posts: 3187
Re: Chris Interviews Ted Butler: The End of Silver Price ...

darrah7 wrote:

Ted Butler is as good as they come - sticks to the facts and doesn't sensationalize things.  Good interview.

That's why I am such a fan.  Too much sensationalizing out there as it is.

Thanks.

Adam Taggart's picture
Adam Taggart
Status: Peak Prosperity Co-founder (Offline)
Joined: May 26 2009
Posts: 1655
Re: Chris Interviews Ted Butler: The End of Silver Price ...

For those encountering issues with the player, we've added a direct link below it to download the podcast. We've also added a link to report any continued issues with the podcast that will go straight to our technical staff. We're focused on getting this to work correctly for everybody.

plato1965's picture
plato1965
Status: Platinum Member (Offline)
Joined: Feb 18 2009
Posts: 615
Re: Chris Interviews Ted Butler: The End of Silver Price ...

This is the video that truly makes the case for silver and copper ...

Now even JPM (boo hiss!!) can't buck physical reality...

but maybe they've been doing us a massive favour.. by tilting the playing field in favour of those who GET IT !

Thank you JPM!

Thank you Ted Butler !

and most of all...  thank you Chris !

SingleSpeak's picture
SingleSpeak
Status: Gold Member (Offline)
Joined: Dec 1 2008
Posts: 417
Re: Chris Interviews Ted Butler: The End of Silver Price ...

And thank you Plato 1965-

"We got mother nature on the run in the 21st century..."

SS

Mike Pilat's picture
Mike Pilat
Status: Platinum Member (Offline)
Joined: Sep 8 2008
Posts: 929
Re: Chris Interviews Ted Butler: The End of Silver Price ...

This was an excellent inerview and I think posting podcasts is a great idea! Keep up the good work, CM and staff!

Dogs_In_A_Pile's picture
Dogs_In_A_Pile
Status: Martenson Brigade Member (Offline)
Joined: Jan 4 2009
Posts: 2484
Re: Chris Interviews Ted Butler: The End of Silver Price ...

Mike Pilat wrote:

This was an excellent inerview and I think posting podcasts is a great idea! Keep up the good work, CM and staff!

Good to see you posting again.  I threw your name out there on the Solar Battery Charger thread - JO has a question I thought you or Rob Hare could answer.

stevee's picture
stevee
Status: Member (Offline)
Joined: Nov 20 2010
Posts: 1
Re: Chris Interviews Ted Butler: The End of Silver Price ...

ted butler is very humble in his work. he seems quite un emmotional about everything and perhaps this is what has bought the man so far. When silver does break through and it absolutely will, then ted is the one who we need to thank. People like him make this world a much better place. Thanx for your sacrifice .    Steve Australia

DavidC's picture
DavidC
Status: Silver Member (Offline)
Joined: Sep 29 2008
Posts: 239
Re: Chris Interviews Ted Butler: The End of Silver Price ...

Chris,

I think this one of the most interesting and important interviews I've listened to this year, even the last couple of years - absolutely fantastic stuff and many thanks (to both you and Ted).

I'm sending the interview link to some friends of mine - who, I'm convinced, think I've lost the plot with my passion about what's been going on in the economy and markets over the last few years! I've been long Gold since $330 and Silver since $9 (I'm not crowing about it, just stating, a friend of mine has been long Gold since three days after Gordon Brown sold half of Britain's reserves!) - I'm still expecting a bit more of a pullback, but soon time to build on those positions.

DavidC

idoctor's picture
idoctor
Status: Diamond Member (Offline)
Joined: Oct 4 2008
Posts: 1731
Re: Chris Interviews Ted Butler: The End of Silver Price ...

Johnny Oxygen's picture
Johnny Oxygen
Status: Diamond Member (Offline)
Joined: Sep 9 2009
Posts: 1441
Re: Chris Interviews Ted Butler: The End of Silver Price ...

Hi Stevee!

Welcome to CM.

A1B2C3D4's picture
A1B2C3D4
Status: Member (Offline)
Joined: Aug 24 2009
Posts: 24
Re: Chris Interviews Ted Butler: The End of Silver Price ...

DavidC,

Congratulations on having the wisdom to invest in Au and Ag.

Given the expectation that Ag will move up into triple digits in the near future, meaning in the next two or three years, does it make any sense to you to invest a chunk in AGQ which is a leveraged silver ETF?

I don't have the time to watch an investment closely enough to be trading in and out daily. I just wonder if a leveraged ETF in silver makes sense to hold given the long term outlook for silver.

I am in to a certain extent but I am contemplating a more adventuresome commitment which would not just maintain my purchasing power but could be life changing.

TIA

SagerXX's picture
SagerXX
Status: Diamond Member (Online)
Joined: Feb 11 2009
Posts: 2099
Re: Chris Interviews Ted Butler: The End of Silver Price ...

Finally got a chance to listen to these podcasts while I raked leaves this afternoon.  

Excellent stuff.  While I have for some time now had a vague and intellectual understanding of how shorts could keep the price down, Mr. Butler's 'splanation helped it sink in more completely.  One of those "oh, right!" kind of moments.

Thanks for the information/learnin'!

Viva -- Sager

A1B2C3D4's picture
A1B2C3D4
Status: Member (Offline)
Joined: Aug 24 2009
Posts: 24
Ted Butler was loyal to his values and not self sacrificial!

Ted Butler did what he did for reasons of his own and out of loyalty to his own values. I don't think he considers that his efforts over the years were a form of self sacrifice in any sense.

I have learned from reading Ayn Rand's Atlas Shrugged and her essays in The Objectivist Newsletter and The Virtue of Selfishness just how her understanding of ethics differs from traditional, conventional understanding.

As I understand it she holds that each human being has a right to his or her own life and that the moral purpose of that life is his or her own happiness. She rejects the idea of self sacrifice being a virtue. She rejects the idea that one must live for the sake of others and one must hold other people's interests above one's own. 

I once knew a woman who devoted herself to service to others in her family. She never allowed herself to think of what she might want for herself. She had no goals of her own and suppressed desires of her own. She never married or even dated. She had no career and no goals in that direction. She lived with a married sister who took her to see a psychiatrist for treatment of her emptiness. Man is not a sacrificial animal and cannot live as one.

Ayn Rand proposes a philosophy for living on earth. The prevailing philosophy is incompatible with Man's nature which explains why we are in the trouble you witness in our society. Altruism justifies sacrificing men for the alleged benefits of others. Need constitutes a claim on the productive and the able. Altruism enables the societal programs which are bankrupting the country. 

Fortunately the antidote is known. Ayn Rand called her philosophy Objectivism. www.atlassociety.com www.aynrand.org www.fff.org www.objectivistliving.com 

Watch for the first of a trilogy of Atlas Shrugged recently filmed and in post production.

Better still, read the book to see why it is so high on the best seller list at amazon almost thirty years after its author died and fifty-three years after it was first published in 1957.

Johnny Oxygen's picture
Johnny Oxygen
Status: Diamond Member (Offline)
Joined: Sep 9 2009
Posts: 1441
Re: Ted Butler was loyal to his values and not self ...

Aaarrggghhh...ok enough with the Ayn (Alisa Rosenbaum) Rand sainthood crap.

Her and Nietzsche should have had a kid together and called it Spite.

There is nothing enlightening about being a self serving self centered ass. Its just arrogance and boorishness wrapped up in pop psychology nonsense. People who think they are different than everyone else love this stuff thats why bankers, politician, fascist and college students are soooo attracted to it.

Enough already

darbikrash's picture
darbikrash
Status: Platinum Member (Offline)
Joined: Aug 25 2009
Posts: 564
Re: Ted Butler was loyal to his values and not self ...

I think it was Dorothy Parker who after reading Ayn Rand quipped : " It (Atlas Shrugged) should not be put down lightly, rather, it should be thrown with great force".

Dogs_In_A_Pile's picture
Dogs_In_A_Pile
Status: Martenson Brigade Member (Offline)
Joined: Jan 4 2009
Posts: 2484
Re: Ted Butler was loyal to his values and not self ...

Johnny Oxygen wrote:

There is nothing enlightening about being a self serving self centered ass. Its just arrogance and boorishness wrapped up in pop psychology nonsense. People who think they are different than everyone else love this stuff thats why bankers, politician, fascist and college students are soooo attracted to it.

Enough already

+1984

My/our vote for "Post of the Day"

Well played JO.

Vanityfox451's picture
Vanityfox451
Status: Diamond Member (Offline)
Joined: Dec 28 2008
Posts: 1636
Re: Ted Butler was loyal to his values and not self ...

Johnny Oxygen wrote:

There is nothing enlightening about being a self serving self centered ass. Its just arrogance and boorishness wrapped up in pop psychology nonsense. People who think they are different than everyone else love this stuff thats why bankers, politician, fascist and college students are soooo attracted to it.

What, "you never pushed a noun against a verb except to blow up something" ???

~ VF ~

Reuben Bailey's picture
Reuben Bailey
Status: Silver Member (Offline)
Joined: Mar 17 2008
Posts: 138
Re: Ted Butler was loyal to his values and not self ...

Ayn Rand has a point, and it is valid, but only when you recognise that helping others without an immediate material return (community) IS in your best interest. "Altruism" for it's own sake can get you into trouble. So can selfishness. It is balancing the two that leads to a our best interests being fulfilled. Also, that balance will be different for different people.

All the best,

Reuben

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments