Tuesday, January 11, 2011

Quotes from Harry Schultz and Ted Butler

Roughly speaking, the mess we are in is the worst since 17th century financial collapse. Comparisons with the 1930’s are ludicrous. We’ve gone far beyond that. And, alas, the courage and political will to recognize the mess and act wisely to reverse gears, is absent in U.S. leadership, where the problems were hatched and where the rot is by far the deepest. - Harry Schultz, in his last newsletter


"If my analysis is correct, and the era of silver pricing being dominated by a big Comex silver short is ending, what will the silver pricing landscape look like in the future? The answer is that the landscape will be radically different, in order to reflect such a radical structural change. Removing the dominant pricing force on the Comex is as radical a change as putting LeBron James on a high school basketball team. It changes everything." - Ted Butler, silver analyst
Posted by Gaucho Greg at January 11, 2011
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2 comments:

  1. AnonymousJanuary 12, 2011 at 5:29 PM

    If the storm comes silver will be like Noah's ark. Thanks Ted for all your warnings I'm ready if it should rain. I hope people prepare while they still can.

    V.
    An ounce of silver prevention is worth a pound of debt.

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  2. Gaucho Greg January 13, 2011 at 8:52 AM

    Even if Ted Butler is wrong, silver bulls will still make money. The question is how much will the currency be debased? Down another 50%? 100%? Who knows, but based on history, you don't want to stay long the USDollar.

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