Travis
I’ve been reading Ted Butler’s take on the above interactions for years.
I did a search of Gumshoe and found only a 2011 reference to his thoughts on silver in a piece that was otherwise about silver coins.
I think his views need some careful consideration, and I would suggest you and the irregulars take a look at this chart (with my apologies for the URL but let’s all get to the right place:
http://www.barchart.com/chart.php?sym=SI*0&style=technical&template=&p=DN&d=X&sd=&ed=&size=M&log=0&t=BAR&v=0&g=1&evnt=1&late=1&o1=&o2=&o3=&x=44&y=11&indicators=COTLC(13369344%2C26112%2C153)%3BCOTDLC(13369344%2C26112%2C153%2C16750848)&chartindicator_1_code=COTLC&chartindicator_1_param_0=13369344&chartindicator_1_param_1=26112&chartindicator_1_param_2=153&chartindicator_2_code=COTDLC&chartindicator_2_param_0=13369344&chartindicator_2_param_1=26112&chartindicator_2_param_2=153&chartindicator_2_param_3=16750848&addindicator=&submitted=1&fpage=&txtDate&sh=150=#jump
Now look at the price action for silver and then correlate the action of the Large Commercial Speculators’ Commitments – the red line second from the bottom of the chart set. It fits Butler’s thesis to a T.
What do you think about all this? If you need any of Butler’s writings, please send me a fax and I’ll dig out the most comprehensive of his summaries. That would be more accurate than my trying to paraphrase him here.

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