Ted Butler’s Silver “Bonfire” Has Been Lit

Don’t ever forget…as Ted Butler kept pointing out…a short contract, is an open contract — and MUST be closed out at some point, regardless of what the price is. A short covering rally feeds on itself, like it’s doing now — and will at some point go parabolic…unless a short seller of last resort steps in front of the market, which has been happening with increasing frequency — and again yesterday as well.