Rejection of silver ETF could be as bullish as approval

[GoldNugget]

Rejection of silver ETF could be as bullish as approval by Ted Butler

In reality, we don’t need a silver ETF to cause the price of silver to explode. The fundamentals and the short position will result in an explosion in due course, all by themselves. There already exists a COMEX short position much larger than the amount of silver that might be bought by an ETF. That said, a silver ETF would compress the fundamentals and the short position into a catapult of the price.

But a rejection of the ETF, aside from a possible knee-jerk sell off, would cause thinking investors to question why? That thinking will lead those investors to buy and hold silver. Anything that causes people to think things through on silver will probably end up with them buying. As I said last year, we all owe Barclays gratitude for this set up