Silver Update 5/7/13 Silver Stockpile

Maybe the Government knows exactly what they are doing. They sell all the silver to the citizens, then confiscate it when they need it for National Security and defense reasons. None of the citizens have the silver they need to survive the dollar collapse. The elite win

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Physical gold-silver shortage could benefit undervalued miners

by Jeb Handwerger

We may see a very powerful rebound

When it looks as though things couldn't get worse for precious metal mining equities (GDX), that may be just the time to buy for contrarians. Not only are the junior miners (GDXJ) sloping to historic decade lows but gold (GLD) bullion, which has held up considerably well in comparison, has been hit hard recently by short selling, bearish bank reports and margin calls.

Now after this recent decline there is a palpable sense of panic and fear throughout the resource markets. This is the biggest decline since 2008 and 2003 when all the bad weather bears sold and missed out on 200% reversal moves in the mining indices.

Don't make a similar mistake now. As I stated before,

we should see a bounce. Hold on and add as we may be approaching a major bottom. I wrote recently that we may see a very powerful rebound as short covering and record investment demand returns to the precious metal sector.
All of the summer soldiers have left the battlefield. Only the long term value investors remain and they couldn't be happier as there are bargain basement discounts galore throughout the resource industry.

Mining is a difficult business that requires capital and meticulous operation management. Investors have been burned by the majors where we have witnessed a major decline in earnings and profits as costs soar.

Barrick (ABX) came out with better than expected earnings recently and rallied the entire gold mining sector on increasing volume. Interesting this comes right after panic selling and capitulation. Long term value investors are able to get a dividend paying stock with cash flow at $2 below book value.

Barrick announced incredible, better than expected numbers from its Cortez Trend properties in Nevada where cash costs are incredibly low. At the same time the Pascua Lama mine has become a disaster, which they should probably just shelve and take a write down.

The major miners are facing challenges with rising production costs from projects that are extremely capital intensive. In the past, they have done a poor job in their acquisitions into high cost mines in questionable jurisdictions.

Read more at http://www.stockhouse.com/columnists/2013/may/6/physical-gold-silver-shortage-could-benefit-underv.aspx#OtRtrJPVv80Kv6k6.99


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Silver Shortage of April, 2013

Jason Hommel

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Sunday, April 28th

(In Rounds and Eagles!)

Silver Stock Report

We at www.jhmint.com have investor silver available, 10 oz. bars, and 100 oz. bars, and we can order more.
Rounds and Silver Eagles are sold out, and occasionally it has been difficult to source them, on and off, so far this year.
Prices over spot are changing up to 5% per day, and silver eagles are selling for up to 30-40% over spot on ebay.com.
Investor buying probably remains about where it has been for the past 4 years, at about 100 million oz. of silver per year, but maybe a tiny bit more in recent weeks of course.
Silver Eagles are about half of the silver sold to investors, nationwide.
There is nothing extraordinary about sales figures from the US Mint. They are pace to make about 40 million oz. of Silver Eagles this year, which is a bit more than last year, and about the same as the year before that.
http://www.usmint.gov/mint_programs/american_eagles/?action=sales&year=2013



MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Gold & Silver Market Morning

Gold Today – Gold closed in New York at $1,467.30 in New York on Friday. In Asia it continued to rise back to $1,472level despite the closure of the Chinese markets. The Fix was set at $1,472.50 in London up $10 on Friday and in the euro at €1,125.506 up €2 while the euro was at €1: $1.3083. Ahead of New York’s opening it slipped slightly at $1,471.90 and in the euro at €1,125.35. Silver Today – Silver closed at $23.90 down 40 cents, in New York on Friday. Ahead of New York’s opening silver stood at $24.33.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Gold & Silver Coins & Bars Global Shortage

By: GoldCore

Premiums for gold and silver bars have jumped higher all over the world. They have surged to multi-year highs in Asia. Reuters reports overnight that premiums are surging due to "strong demand from the physical market, which has led to a shortage in gold bars, coins, nuggets and other products."

Shortages of gold and particular silver coins and bars is not confined to the small coin and bar market and there are also supply issues in the larger bar market with kilo bars being increasingly difficult to secure.

Swiss refineries are struggling to meet global demand for refined gold bars. They have been cleared out of their stock of kilo gold bars – the preferred form of gold bullion amongst many store of wealth, affluent buyers in Europe and Asia. Buyers have been told that they will have to wait until late May prior to receiving delivery on paid for product.

Shortages are most prevalent in the silver coin and bar market where premiums have surged.

Silver coins and bars can now not be bought from the largest bullion dealers in the U.S. who have been cleared out of stock in recent days. Unlike after Lehman Brothers where there were shortages and delays of 3 to 4 weeks, there is no guidance being given as to when certain gold and silver coins and bars will be available again.

more at  : http://www.marketoracle.co.uk/Article40189.html

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet