Thursday, May 28, 2009

Ted Butler Commentary - May 26, 2009

Another Smoking Gun
May 26, 2009

On April 14, I wrote about the nice set up for a silver and gold price rally.
http://www.investmentrarities.com/04-14-09.html.

This was based upon a number of factors, principally the market structure on the COMEX, as defined by the Commitment of Traders Report (COT). In the days immediately following that article, prices continued to decline before embarking on a notable rally of close to $3 in silver and $90 in gold from the lows.

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