Courtesy of Read the Ticker
Why not, silver to $100. Here we will use the same play book as the BearStearns 2007 bust, after all history does rhyme.
Reference Ted Butler articles: Another Stunning OCC Report, More Serious Than I Thought
Extract from 'More Serious Than I Thought.
…"The seriousness of this issue is rooted in the scale of the numbers. If Bank of America is short 800 million oz of silver, as the data in the OCC report strongly suggests, then that means every dollar higher in the price of silver translated into an $800 million open (unrealized) loss. Every $10 move equates to an $8 billion loss. A hundred dollar move higher from here equates to an $80 billion loss. Can BofA fund such losses or will taxpayers be called upon to bail the bank out? Even the slightest hint of such a development should be enough to require immediate clarification from the regulators and BofA and there’s a lot more than the slightest hint in the OCC report."…
More here:
RTT Comments: Here is how this could all play out over the next few years!
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Why not!
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Investing Quote…
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Jesse Livermore
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Mark Twain
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John Templeton
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Benjamin Graham
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Ayn Rand
