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Guest Post: The Silver Sleuth

Tyler Durden's picture




 

Submitted by Jeff Clark of The Casey Report

The Silver Sleuth

We once had an ongoing series in BIG GOLD called, "1001 Reasons to
Own Gold." The idea was that there were so many valid reasons to own
the metal that I wanted to track and report on them. If you've been
invested in the precious metals arena, you know there have been a myriad
of bullish indicators for silver this year as well.

Here's a couple new reasons to own silver that a lot of mainstream investors probably aren't aware of…

Due to increased demand from industry and investors, silver exports
from China are expected to drop about 40% this year. And that's
actually an improvement; customs data show exports plunged almost 60%
through the first eight months. China exported about 3,500 metric tons
of silver in 2009, but has exported only 970 tons through August of
this year.

What a lot of Westerners don't know is that China ended export
"rebates" two years ago to stem the shipment of natural resources
leaving the country. As a result of the regulation, silver exports
decreased in 2009 but are nothing like what they're experiencing this
year. In other words, the large drop in exports is a direct result of a
huge increase in demand within China itself. According to one Chinese
banker, the spike in demand is coming from all areas – jewelry,
investment, and industrial. In his words, it's led to a "physical
market shortage in the Far East."

How important is this? China is the world's third largest producer of
silver (after Peru and Mexico), so the amount of silver coming to the
global marketplace this year will drop by more than 74 million ounces.
This represents roughly 8.3% of total annual global supply from 2009.
If worldwide demand continues at its current pace, where is the extra
metal going to come from? This alone tells us the price of silver will
move higher.

The next item I sleuthed out was that the U.S. Mint is expected to
release a new five-ounce silver bullion coin this year, the first ever.
The coin will be three inches in diameter and have a composition of
.999 fine silver.

I've read the five-ounce bullion coins will be near-exact replicas of the America the Beautiful
quarters. There will reportedly be five different designs, and the
mint plans to produce 100,000 of each. I can't wait to see them.

The coins will be classified as bullion, meaning they should be
available to the same dealers already authorized by the mint. This will
likely create excitement in the silver market, especially when you
consider its affordability. At $23 silver, the five-ounce bullion coin
will cost $115, plus premium. One ounce of gold runs $1,340 as I write,
while five ounces will cost you $6,700 plus commission.

Perhaps most bullish is the fact that silver is vastly underpriced
when compared to gold. Look at it this way: gold is currently priced
57% above its 1980 nominal high of $850; silver would have to more than double
to reach its 1980 nominal high of $48.70. And that's excluding any
inflation-adjusted calculation. Yes, silver's spike was partly a direct
result of hoarding by the Hunt Brothers, but my question to the
skeptics is this: what's keeping us from seeing similar stockpiling
today? What if there are several Hunt Brothers out there?

It's true that central banks don't buy and store physical silver, so
one source of demand that's common for gold isn't present for silver.
But let's keep things in perspective: demand for all forms of silver is
rising, and we see no reason the trend won't continue. And with
indicators like decreasing supply from China and increased attention
from a new bullion coin, I say the big picture on the silver price is
extremely bullish.

This silver sleuth says, buy some silver on the next dip. There's lots of reasons you won't regret it.

 

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Wed, 10/27/2010 - 20:25 | 681993 bobert
bobert's picture

My bond portfolio, that I have reduced a great deal, is getting eatin alive these days.

Their is a "silver" ling out there for me somewhere!

Wed, 10/27/2010 - 20:31 | 682004 MiguelitoRaton
MiguelitoRaton's picture

We're the Hunt brothers nailed by the governent for trying to corner the silver market? So what's to prevent other Hunt brothers?...Uh prosecution? But yes, I'm a big fan of silver bullion as an economic insurance policy.

Wed, 10/27/2010 - 20:44 | 682039 tmosley
tmosley's picture

The Hunt Brothers used margin, and the government changed the rules in the middle of the game on them, causing a margin call which shut them down and lost them a fortune.

Had they refrained from using leverage, and simply taken physical delivery, we would probably have a different monetary system now, and the Hunt's would be richer than Bill Gates, Sam Walton, the Rockefellers, and the Rothchilds put together.

So now it falls to us.  Take delivery of silver, and become rich.  It's that simple.

Wed, 10/27/2010 - 21:49 | 682169 rocker
rocker's picture

The Hunt brothers used margin about the same way JPM got in trouble shorting silver.

When you short more than exist and use collusion of others to achieve your goals.

You belong in Jail. Just like Goldman Sachs does for their efforts in the CDO's and SIVs.

Wed, 10/27/2010 - 22:01 | 682194 TheGoodDoctor
TheGoodDoctor's picture

And that is the god damned irony of the whole JPM silver debacle right there.

The Hunt's were criminals but JPM is a respected bank? Right!

Wed, 10/27/2010 - 23:10 | 682311 Bay of Pigs
Bay of Pigs's picture

Anyone see that ad tonight during the World Series by JPM? I've never seen a bigger piece of propaganda in my life. Something like,

"This way forward, into the future, working together", type of busllshit.

I say let's burn these fuckers to the ground on the illegal and immoral gold/silver manipulation is the way "forward".

 

 

Wed, 10/27/2010 - 23:58 | 682403 Rahm
Rahm's picture

Not for long...

Thu, 10/28/2010 - 03:56 | 682664 Chappaquiddick
Chappaquiddick's picture

Rocker - I'm trying to get to the bottom of some of the current investment themes surrounding silver.  Could you please tell me where you have derived the information that the silver market is shorted more than exists?

I've written to GATA on claims they've made regards silver abundance ratios, recycling and silver going extinct and got pointed towards Ted Butler.  I'm looking to find the data that backs up these statements. Can you help?

Thu, 10/28/2010 - 07:31 | 682793 BearOfNH
BearOfNH's picture

Ted Butler uses the CFTC Commitment of Traders report which lists the long and short positions broken down by trader type. Large speculators are net short a lot of silver, small speculators are net long. Convert from contracts to ounces, compare with mine production figures and you get these kinds of results.

 

Mon, 11/01/2010 - 16:09 | 691504 Chappaquiddick
Chappaquiddick's picture

Thanks Guys!

 

I wonder where exactly this thing will correct up to??

It must be the end of JPM - and exactly how is Greenspan et al going to explain why there's no gold in Fort Knox??

 

Thu, 10/28/2010 - 01:35 | 682554 slvrizgold
slvrizgold's picture

Its a lot more than just an insurance policy.  It's 100% pure unadulterated MONEY.   Undervalued "currency" if you will.

One point the author missed...   He wrote about central bank not being buyers of silver.  I think the more RELEVANT point is that central banksters hold no silver therefore they can never be a SELLER of silver!    Think about that for a minute.

Thu, 10/28/2010 - 01:46 | 682570 pmn
pmn's picture

Hey Miguel, It may come as a shock to you but not everybody on the planet lives in the USA

Wed, 10/27/2010 - 20:37 | 682012 Spalding_Smailes
Spalding_Smailes's picture

Wells Fargo & Co., conceding that some foreclosure affidavits “did not strictly adhere to the required procedures,” said it will file supplemental statements to courts in about 55,000 proceedings.

The bank, which has proceeded with home seizures while rivals including Bank of America Corp. and JPMorgan Chase & Co. delayed theirs, said today in a statement that it found some lapses during a review of its processes. The bank will begin filings in 23 states immediately and aims to complete them by mid-November, subject to local laws, according to the statement.

http://www.bloomberg.com/news/2010-10-27/wells-fargo-finds-foreclosure-l...

Wed, 10/27/2010 - 23:39 | 682372 Real Estate Geek
Real Estate Geek's picture

I'm not going to hold my breath waiting for 55,000 indictments for perjury.

Wed, 10/27/2010 - 20:36 | 682016 Chartist
Chartist's picture

Ah, the old silver to gold ratio argument for higher silver prices.....You know, the ole Nat gas to oil ratio argument hasn't worked out too good for Nat gas investors for quite awhile...

A friend of mine is one of the largest traveling buyers of old silver and gold jewelry in the country.  He tells me he'd feel a lot better about gold prices if they'd stop mining so much of it.

 

Wed, 10/27/2010 - 21:08 | 682088 unum mountaineer
unum mountaineer's picture

hmmm...idk, i haven't been seeing that. a bit of the opposite. haven't been reacting the same for a month or so. check out harvey organ blogspot. come back then let me know what you think. i'll look out for you in other posts too. not repitition..but rhyming..

Wed, 10/27/2010 - 21:22 | 682121 DosZap
DosZap's picture

Chartist,

Newsflash, there is a shortage of both Gold and Silver right now, matter of fact, wonder where SPROTT is going to get 20 Milllion+ ounces he needs NOW for his ETF?..............

Wed, 10/27/2010 - 22:25 | 682200 Pegasus Muse
Pegasus Muse's picture

A friend of mine is one of the largest traveling buyers of old silver and gold jewelry in the country.  He tells me he'd feel a lot better about gold prices if they'd stop mining so much of it.

I'd feel a lot better about fiat paper if Ben would quit printing so much of it.  Fed money printing overwhelms gold production by orders of magnitude. 

Wed, 10/27/2010 - 22:43 | 682259 apberusdisvet
apberusdisvet's picture

Nice try troll; gold production has declined considerably over the past decade.

Wed, 10/27/2010 - 20:36 | 682021 RobotTrader
RobotTrader's picture

So far, not much excitement yet.

You would have thought this would have taken off on the news.

Now only if silver could be used in catalytic converters.

Then it would take off like Palladium has....participating in the worldwide orgy of new car buying...

 

Wed, 10/27/2010 - 20:47 | 682049 tmosley
tmosley's picture

Wrong Chart, Robo.

http://www.kitco.com/charts/livesilver.html

Though it is true that there is a surprising lack of activity.  Though when you think about it, it makes sense.  I would imagine that those who are paying close attention know that paper PM vehicles are probably worthless, and so they are buying physical at the retail level.  When the retailers run out of stock, and start making demands for delivery from the exchanges is when things will get interesting.  I'd say November 3rd is probably the key date.

Wed, 10/27/2010 - 21:07 | 682086 Bartanist
Bartanist's picture

"when" ... "if" ... yup .... as I have said below, there is no apparent shortage for industrial applications. So, when and if may very well become "never".

Wed, 10/27/2010 - 22:56 | 682282 tmosley
tmosley's picture

I didn't use the word "if", you'll notice.

There is no "if" involved here.  And never say "never".

Wed, 10/27/2010 - 22:19 | 682218 rocker
rocker's picture

I own Palladium as well.  I really like Platinum and nickel too.  I do think silver is the best opportunity.

I will soon reveal my best pick.  Hint ?  O.K.  It works well with platinum.

Wed, 10/27/2010 - 22:42 | 682256 hamurobby
hamurobby's picture

Nickel is a "cheap" play. Go to your bank, withdraw your savings in .05 nickels, you get an instant 20% gain in value with the metal vs frns.

http://www.coinflation.com/coins/1946-2007-Jefferson-Nickel-Value.html

How long at the interest rate you are recieving from your savings acount to make 20%?  Its a win win either way, hyperinflation or deflationary collapse, you have cash and nickel, and no separating pennies.

Wed, 10/27/2010 - 23:17 | 682330 DollarMenu
DollarMenu's picture

I keep seeing this thought posted but I can't really see how it pays off.

If you disregard the laws against melting coinage, you probably won't escape

the 'coin fees' exacted by your bank for coins in any sizable amount.

Tell me please,

how does this 'buy nickels' thing result in a 20% profit for you?

Are you able to work a $50K nut to make a $10K income?

Do you do it weekly?

Every other day?

How does this actually work?

 

Thu, 10/28/2010 - 13:58 | 683860 hamurobby
hamurobby's picture

It pays off in the future, this isnt a source of income, but a storage of wealth. Have you ever heard the term, "A part of all I make, is mine to keep"?

There are no "coin fees" if you buy them in reasonable amounts you can carry out of the bank. I buy twenty or thirty rolls at a time, and they dont mind trading out penny rolls either, to search through for pre 82 pennies. I still the same exact amount of currency. It is a slow process but they are worth more than the denomination printed on it. I dont care one bit about trying to melt it or make money in that sense, but if their is inflation or a hyper deflationary collapse, that little bit of currency will hold its value. Its not for everyone but I enjoy it.

Thu, 10/28/2010 - 00:17 | 682421 bobert
bobert's picture

20% seems like a nice gain to me.

Whenever I receive those small random checks in the mail (rebates, premium refunds etc.)

I take it to my bank and request nickels.

The old female teller was a bit put out with me at first but has been accomodating.

I've been doing this for a few months now and have a pretty nice inventory of the stuff.

Building copper, silver, and other metals in a variety of ways also.

It's fun!

Wed, 10/27/2010 - 22:41 | 682255 Stormdancer
Stormdancer's picture

Golly!  Wonder of wonders.....a lawsuit gets filed accusing paper silver of being a scam, and you're surprised when the world doesn't scramble to bid up paper?  LOL....typical.

 

Wed, 10/27/2010 - 20:50 | 682055 Turd Ferguson
Turd Ferguson's picture

The next dip (by overnight Sunday into Monday at the latest) will take us sub 23, maybe to 22.50

Buy this dip with both hands. Silver will soon move through 25 and on toward 27. On the chart, there is no resistance until 35 or so. A very, very attractive investment.

Wed, 10/27/2010 - 22:47 | 682267 Vernon Wormer
Vernon Wormer's picture

You've been right so far. I'm in.

Thu, 10/28/2010 - 05:52 | 682750 iota
iota's picture

Really? I thought it looked like it made the dip on the 22nd? Been undulating upwards since then.

Thu, 10/28/2010 - 06:49 | 682774 fredquimby
fredquimby's picture

All in already! Mostly with Call warrants with strike 24.50 and an insurance of a (very cheap) put warrant strike 21...

 

Wed, 10/27/2010 - 20:55 | 682064 nmewn
nmewn's picture

"What if there are several Hunt Brothers out there?"

What if there are millions ;-) 

Wed, 10/27/2010 - 22:09 | 682202 Cheesy Bastard
Cheesy Bastard's picture

+1

Wed, 10/27/2010 - 23:41 | 682375 CrockettAlmanac.com
CrockettAlmanac.com's picture

One can only imagine the stretch marks on Mamma Hunt.

Thu, 10/28/2010 - 00:21 | 682428 bobert
bobert's picture

nm:

Your brevity is impressive.  You are in my opinion most often right on target.

Good post here also!

I agree! What if???

Thu, 10/28/2010 - 07:06 | 682778 nmewn
nmewn's picture

Why thanks Bob.

Just running through the news before I head off to work...here's a good laugh...off topic though;

"A judge had put the execution on hold because she said she was "left to speculate" whether this drug was safe for its intended use."

http://www.latimes.com/news/nationworld/nation/sc-dc-1028-court-execution-20101027,0,6859358.story

ROTFLMAO...sometimes life is stranger than fiction.

SeeYa

Wed, 10/27/2010 - 21:01 | 682075 benb
benb's picture

“….Yes, silver's spike was partly a direct result of hoarding by the Hunt Brothers, but my question to the skeptics is this: what's keeping us from seeing similar stockpiling today? What if there are several Hunt Brothers out there?”

We don’t need no stinking Hunt Brothers hoarding the silver. All we need is for the paper schmucks to wake up to realize the virtual silver is just that... nature will see to the rest.

Wed, 10/27/2010 - 21:52 | 682174 rocker
rocker's picture

Do you mean like the hoarding of Copper by the CB's.  Are you suggesting it's only the CB's who control all.

Wed, 10/27/2010 - 21:04 | 682078 Bartanist
Bartanist's picture

Just curious where this "silver shortage" is. The company I work for takes weekly high volume deliveries of silver from multiple sources for industrial applications and not one of the sources has once mentioned the possibility of being short of silver.

Seems like another bunch of logic-gap assumptions that are not in fact true. They are just made to seem true by using incorrect logic and incorrect assumptions.

We buy silver inside China as well and there is no apparent shortage there either.

Wed, 10/27/2010 - 21:13 | 682098 tmosley
tmosley's picture

Industrial users have always gotten first priority.  Those who are investing in paper silver vehicles probably have no silver.  The market participants think they have the silver, so they are perfectly willing to sell their real silver for low prices.  Once the warehouse situation is made clear, the real shortage will materialize.  I'd suggest you and your company take possession of as much as you can while it is still easily available.

Wed, 10/27/2010 - 21:16 | 682107 benb
benb's picture

“Just curious where this "silver shortage" is…”

At this point there is no shortage only because of the amount of none-existent (un-backed) paper silver being accepted by investors. If all paper silver were required to be backed with physical, the market would be turned on its ear overnight. When confidence in paper drops you’ll see the shortages. (IMO)

 

Wed, 10/27/2010 - 21:25 | 682128 Bartanist
Bartanist's picture

I look at the silver paper as a simple gambling chip, just like a stock certificate ... and both are more than likely only electronic.

Virtually none of the people making this gambling bets wants to take possession of the silver under ANY circumstances. They are just gambling.... and sure if these gamblers started taking possession there would be a shortage. It has not happened yet. Why would they take possession in the future? Is the world ending and they did not get the memo?

Wed, 10/27/2010 - 21:34 | 682144 MeTarzanUjane
MeTarzanUjane's picture

"Is the world ending and they did not get the memo?"

Far too few have your realistic vantage point and the bugs want to see some fireworks.

Wed, 10/27/2010 - 22:30 | 682241 Blindweb
Blindweb's picture

Peak oil, impossibility of Western society paying off their debts, the crumbling of the U.S. empire...

Generally I don't even waste my time responding when people are this far behind the curve. 

 

Wed, 10/27/2010 - 21:40 | 682155 tmosley
tmosley's picture

Exactly.  This is why there has never been a bank run in the history of the Earth.  People just want the paper, they don't care if there is anything to back it up.

Incidently, I just wrote myself a check for $1,000,000,000,000,000,000.  Now I'm the world's first QUINTILLIONAIRE!  Suck on that Bill Gates!

Thu, 10/28/2010 - 02:07 | 682594 Hook Line and S...
Hook Line and Sphincter's picture

Si Senor Mosley, these are the same people who settle for porn, and never end up getting the real cuchi.

Wed, 10/27/2010 - 21:58 | 682188 benb
benb's picture

“I look at the silver paper as a simple gambling chip…”

Yes sir. The knowledgeable guys trading paper metal are in “Jack be nimble” mode. Great if they make some dough on the deal. I just wouldn’t want to be around when the music stops or when we hear that hellacious screeching scratch in the record.

Wed, 10/27/2010 - 21:26 | 682130 DosZap
DosZap's picture

We buy silver inside China as well and there is no apparent shortage there either

 

You soon will have...........

Wed, 10/27/2010 - 21:57 | 682184 UncleFurker
UncleFurker's picture

"We buy silver inside China as well and there is no apparent shortage there either."

Never any mention of a shortage in China - they're the 3rd largest producer. They just want to keep all of it within their border.


Wed, 10/27/2010 - 22:53 | 682280 trav7777
trav7777's picture

There is no silver shortage.  Silver production has continued to grow.  Gold production peaked in 2001 and declined since, but has made a run at the production high as of the 2009 figures.  We'll see going forward what comes of that.

But silver hasn't shown a production decline yet.  PGMs are where people need to pay some attention.  Pd and Pt are both undervalued given the production metrics vs Au or Ag.

Wed, 10/27/2010 - 23:02 | 682298 tmosley
tmosley's picture

As much as we produce, we use a lot more.  We have run down the above ground stockpiles.  The only reason there is still so much silver being mined is because it is generally a byproduct of mining other things, whereas gold is generally mined mostly for the gold itself.  You'll notice that there are very few "silver miners" out there.  That will change as silver increases in price such that those miners go from getting the majority of their returns from the silver rather than the base metals they mine with it.

Gold production will (slowly) ramp up once again once gold goes into the stratosphere.  

Wed, 10/27/2010 - 21:13 | 682097 monopoly
monopoly's picture

All talk about the violatility next week. But no matter what, up, down, sideways, nothing has changed. The idiot will print until the people march and demand change. Until then, just press the print button. Nothing new.

Wed, 10/27/2010 - 21:19 | 682112 unum mountaineer
unum mountaineer's picture

Because of silver’s excellent electrical conductivity, it finds many applications in electronics from printed circuit boards to switches and TV screens.

Because silver ions prevent bacteria and algae buildup, silver is fast becoming part of water purification systems in hospitals, small community water systems, pools and spas. The major benefit is that silver replaces traditional germ-killing methods that employ harsh, sometimes dangerous chemicals such as chlorine and bromine.

In building water supply systems, silver ions can destroy Legionnaires’ Disease, which is caused by bacteria building up in pipes, connections and water tanks. (that'll be key down the line..mark my words)

Because of health concerns, lead is being replaced by silver in solder.

Jet engines use silver-coated steel ball bearings to prevent failure at high speed and extreme temperatures.

Due to environmental and safety concerns, silver-oxide batteries are beginning to replace lithium-ion batteries in mobile phones and laptop computers. Silver-zinc batteries feature a water-based chemistry and contain no lithium or flammable liquids.

most sit and wait for the oh shit moment..just like american leadership (we get what we deserve), no one can see more than a month down the pipeline..everything has an ad hoc crisis lens view and unless it is staring you right in the face "who gives a fuck? right?" just sayin' what if...like, what if..the banks are insolvent and the american tax payer...err slave has to bail them out again? food for thought...junk away

Wed, 10/27/2010 - 21:39 | 682149 King_of_simpletons
King_of_simpletons's picture

Lot of used silver is recycled and comes back into the market for reuse. So the notion of only newly mined silver for industrial uses is exaggerated.  Here is a report from 2000:  http://pubs.usgs.gov/circ/c1196n/c1196n.pdf

Wed, 10/27/2010 - 22:29 | 682235 watchingdogma
watchingdogma's picture

I'm guessing you didn't actually read that 10 year old report - now did you.  If it weren't for simpletons like you - I wouldn't have been able to aquire nearly as much silver as I have over the past decade.  And guess what- while you're looking at a loss in your equities account - silver is a 4 bagger.  Here's another news flash - for a buy and hold asset, as of right now - silver has been better than "the market" for the past 20 years.

Just keep drinking the kool-aid - I'll keep losing my shirt buying the shiny stuff and wearing my tin-foil hat.

79% of scrap in 2000 - according to this report - was photographic waste.  What do you think that number is today?

Thu, 10/28/2010 - 00:10 | 682417 King_of_simpletons
King_of_simpletons's picture

I'm just a simpleton. You are obviously "according to you" some sort of genius. Hee haw !

Thu, 10/28/2010 - 08:00 | 682829 watchingdogma
watchingdogma's picture

Not "according to me" - look it up - silver is a 4 bagger over the last 10 years - stocks are down over the same period (DOW: -3%, S&P: -18%, NASDAQ: -39%).  Looking at buy and hold performance, buy Jan 1 - hold to today - go back every year to 1990 - and as of today - Silver outperforms stocks for every single year.

And it was your report that was 10 years old and the point of your post and the report is no longer relevent.

Here's another fun fact - you would have been better off burying silver half dollars in your back yard in 1964 than you would have been with a buy and hold strategy in the stock market.  Wrap your head around that one. (and if you took your silver half dollars, and purchased bullion to put in your backyard, you would have done even better)

Sat, 10/30/2010 - 15:55 | 688177 Temporalist
Temporalist's picture

I can't believe you said "silver-coated ball bearings" and DCRB didn't say what's up.

Wed, 10/27/2010 - 21:25 | 682126 RobotTrader
RobotTrader's picture

I wonder if JPM will simply settle for a paltry fine and sell their commodity desk to somebody else.

Hard to believe that they will actually have to suffer.

 

Wed, 10/27/2010 - 22:09 | 682203 RoRoTrader
RoRoTrader's picture

Get long RobotTrader.

Sat, 10/30/2010 - 16:00 | 688182 Temporalist
Temporalist's picture

I have to agree unless things change.

Wed, 10/27/2010 - 21:44 | 682131 MeTarzanUjane
MeTarzanUjane's picture

*edit

Jeebus. Has this blog turned into a fucking metal forum?

Please discuss.

Wed, 10/27/2010 - 23:16 | 682327 Bay of Pigs
Bay of Pigs's picture

It's a metal thread douche....you want to discuss religion or politics?

I guess JPM and HSBC looking like a House of Cards isn't a story to you?

Wed, 10/27/2010 - 23:29 | 682352 Mozzer
Mozzer's picture

real money monkey boy. get a history book and think outside the propaganda machine.

Thu, 10/28/2010 - 01:02 | 682508 RockyRacoon
RockyRacoon's picture

If you don't like it... move.

Thu, 10/28/2010 - 07:28 | 682790 MeTarzanUjane
MeTarzanUjane's picture

Thank you for your attempts to create a meaningful discussion. Your attempts lack the real substance that I was hoping for but it's a start. Over the next few months I hope you can spend a few hours a day working on building substance in your arguments so the next time a member asks for a discussion on a topic you will be able to add value.

I do appreciate your efforts.

Thu, 10/28/2010 - 05:17 | 682729 Kina
Kina's picture

Just like with equities do these TAs mean anything anymore when they are produced almost entirely by the efforts of manipulation. The true market isn't being represented because of it.

Wed, 10/27/2010 - 21:39 | 682153 Bárðarbunga
Bárðarbunga's picture

I think that's what Zero Hedge has been missing all along. A fucking metal forum.

Wed, 10/27/2010 - 22:10 | 682205 rocker
rocker's picture

If you really believe in the global economy in any way, you Must believe in the value of those things that make it work.

Sat, 10/30/2010 - 16:06 | 688184 Temporalist
Temporalist's picture

My submission to the metal forum:

http://www.youtube.com/watch?v=HlSidenJ5-E

Wed, 10/27/2010 - 22:25 | 682230 Restcase
Restcase's picture

Am a silver monometallist; silver really has no sensible ratio to gold in this day. Each metal follows its own dynamic.

The two scary unknowns about silver for me are (1) the size of the market overhang in personally/family-owned junk silver and (2) the production of silver as a byproduct in the mining of other metals - this seems potentially unlimited, depending on the level of worldwide mining activity.

Gold is I think more universally convertible but silver more interesting, more useful, and more limited in supply.

You choose your poison....

Wed, 10/27/2010 - 22:36 | 682245 zen0
zen0's picture

Is there a shortage of spare change? It is not even silver, and the bastards won't pony up when I plead for mercy.

I even got shit from one guy becuase I panned him once going into the liquor store and again going out.

He flung a dollar into my forehead and made it bleed.

 

At least he has a heart.

I am zen0 and I approve of 64% of this message.

(shortage is as shortage does)

Thu, 10/28/2010 - 01:46 | 682571 Xibalba
Xibalba's picture

take delivery.  buy a welders blanket and a safe.  arm yourself.

 

easy as 1-2-3

Thu, 10/28/2010 - 01:58 | 682583 Hook Line and S...
Hook Line and Sphincter's picture

If the dollar's demise deleteriously affects the global economy, perhaps the 'commodity' (especially the industrial sector) portion of silver pricing will be given a good whoopin. Just thinking...

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Thu, 12/09/2010 - 10:14 | 792134 senthil456
senthil456's picture

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