Precious Metals $700 Silver – Mike Maloney

Mike Maloney analyzes some gold silver charts to try to read what may happen in the future to the price of precious metals.

Reading several charts from Nick Laird of Gold Charts R Us he comes to some very interesting conclusions about the future of precious metals prices.

JP Morgan has been accumulating a massive position in silver.

Mike looks at the Commitment of Traders (COT) report. This is the report where the exchange reports the net positions of largest financial entities,

Find out what the largest entities are betting on. See what they say about the future price of precious metals.

The curious thing is that they are almost always right.

They make money on the price of precious metals going up. They make money on the price of precious metals going down.

Ted Butler found that JP Morgan has never lost on a contract.

Find out what the charts tell you about the future price of silver.

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