‘Silver Shortage’ Archives
Going to bed…
We will go to bed with Gold at $1,500 and wake up with it $4,000 bid... and nothing offered. -Reg Howe (many of you know him, some of you don't but we all owe him a debt of gratitude) This quote by Mr. Howe sounds crazy. It sounds impossible and sounds like the rantings of a raving lunatic right? Well, no it doesn't. Actually, I believe [...]
It Was Only a Precursor to What’s Coming
The last 4 weeks has seen huge and unprecedented global demand for both gold and silver. Between just China and India the demand was close to 400 tons of gold... then you add in the rest of the world. Compare this 400 tons (from just 2 countries) to the 200+ tons that was dug out of the ground over the same time frame. During this period we [...]
No One Could Have Seen it Coming
We have watched for months while the COMEX prices of gold and silver were capped. We watched a circus of paper selling 2 weeks ago crash the "prices" and we watch again today. Gold is "down" $25 and silver 75 cents. This in the face of massive physical demand which has at least doubled globally and up 3 or 4 fold depending upon the area of [...]
Supply is First
Supply is first to go away... then goes price. We saw back in 2008 the very same scenario as we have today only in a milder form at the time. Supply of metal became very tight as the paper price was crashed, then all of a sudden we made a bottom and higher prices were what came in the aftermath. That was then; this is now. Then, [...]
It’s Going to Happen
It's going to happen... because it already is happening and mathematically it had to and has to. "It" being a complete breakdown of the financial system. Look around the Western world and you will see sovereign nation after sovereign nation with debt to GDP ratios bloated and above 100% of GDPs. This is unsustainable and can only last as [...]
If You Absolutely Had to Take a Needle
What a difference a few days makes! I was away for the bulk of this week and had no internet access for 2 days, it looks like the world changed (it did not, only the perception) in the blink of an eye. 2 weeks ago was day 1 of the "2 day smash" in gold and silver, here we are 2 weeks later and even the most asleep at the wheel and uninformed [...]
The Current Drop of 31% is Not Out of Line
READ THE FULL NEWSLETTER Susan and I are on the way back to Minnesota today. I will not be publishing the newsletter on Thursday or Friday, but will be back in your mailbox on Monday. Here is what my friend Trader David R has to say about the gold market yesterday: It was a major unexpected ‘Black Swan like’ move in Gold the past two [...]
Technical Analysis or Fundamentals? Which Will Rule Gold’s Next Move?
READ THE FULL NEWSLETTER We head back to Minneapolis tomorrow morning, and will stay there until October. Today we are pretty busy packing up and getting ready for the move. I will publish the newsletter on Tuesday and Wednesday, but will not be publishing on Thursday and Friday. Our regular schedule to resume next Monday. Regarding the [...]
Let the Game Begin!
READ THE FULL NEWSLETTER 4 to 6-week delays are now commonplace throughout our industry. It is understandable that people who pay upfront for their gold and silver want the goods in their hands as soon as possible. We want to thank those of you who have placed orders in the last week or so. We have always delivered on our commitments [...]
If a Tree Fell in the Woods…
If a tree fell in the woods and there was no one around, would it make any sound? Or wait, a better question is, if there was no silver to be had... what would one ounce be worth? And of course, what would one ounce of gold be worth if there was none to be had? No, really, what would it be worth? Would it be worth what the "COMEX" says [...]
