Certainly, JPMorgan and the other crooked commercials have bought super-aggressively in gold, silver, copper, platinum, palladium and crude oil on Friday and previously. It is clear that this buying has set the stage for the coming resolution to the upside. When, not if, that rally commences the question will be how aggressively the commercials sell and specifically, how much, if any, does JPMorgan add to silver short positions. Considering that JPMorgan and the commercials are now better positioned in gold, silver and copper for a significant price advance than at any time I can recall in the past, it would not be surprising for the coming upturn to develop into the big one in silver.


-Ted Butler, ButlerResearch.com



John Paulson (who's made a huge $1.5Bn loss so far) said that his position is unchanged and he's sticking with his commitment to gold.