By: GoldSilverWorlds Commodities “This is the definition of a silver shortage – nothing to do with the physical amount of the substance being in deficit, but people’s psychological intention not to sell. The extent to which a shortage is developing is witnessed by the extent of backwardation.” That’s what Ned-Naylor Neyland wrote in a recent commentary (thanks to GATA for bringing it to our attention). He is the Investment Director at Cheviot Asset Management, one of the UK’s largest independently owned investment firms. His commentary was triggered by the decision of the London Bullion Markets Association (LBMA) to cut the reporting on the Silver Forward Rate on the 2nd of November, playing it down as “only indicative rates and therefore not dealable rates between forward Market Makers.” Clearly, Ned-Naylor Neyland holds another opinion. He is monitoring the Silver Basis & Co-Basis (by Sandeep Jaitly) and it showed a huge anomaly more or less at the same moment of the LBMA’s decision. That kind of behaviour points to strong backwardation, a signal of silver shortage (based on the earlier mentioned definition).
Source : http://www.marketoracle.co.uk/Article37865.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
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Saturday, December 22, 2012
Friday, December 21, 2012
Marc Faber :I look at Gold as a currency and not as a Commodity
Marc Faber : I look at Gold as a honest currency not as a Commodity , it cannot be manipulated or to a lesser extent by say central banks in the sense that they can't print it , Gold has to be taken out from the earth and there is a limited supply of it and when you print paper money there is more paper money units per ounce of Gold continuously so it's not necessarily that the price of gold goes up but it's the value of paper money that goes down , so I look at it as a currency and not as a commodity ...
Wednesday, December 19, 2012
BREAKING - Silver Shortage - US Mint runs out of
I have been watching the price of silver and gold, they just knocked down gold and silver and amazon have been banned from selling silver, strange and the prices are dropping, should stock pile
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
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