A few words of encouragement for my Silver bullion friends who are doubtless 'smarting' from the brutal paper beat-down (again) Friday.
The COMEX volume Friday was 141,482 contracts, or about 712 million ounces of Silver.
- The global annual production of Silver (ex-China, ex-Russia) is 700 million ounces, so about 101 percent of of world production in a year was traded in minutes! 'Coincidentally' timed just as soon as the (price) "fix" was made at the LBMA.
This, in a non-active delivery month on the CRIMEX.
The "price" of paper Silver is NOT right, and it is not the "price" of physical bullion any longer.
- Even the most uninformed and clueless are now seeing that the paper market is so badly mis-pricing bullion, that the physical market is now reflecting the 'real' price.
At the end of this game, "price" will actually become unimportant.
- What WILL be important is whether or not you have "any" bullion. Paper won't be good for much of anything outside the loo once the LBMA and Comex blow themselves up with their hypothecation and rehypothecation scam.
Saturday, 27 April 2013
When the price is NOT right.............................from Rico
From Theo Spark at 17:15
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