Bob Chapman - Power Hour - 05-09-2011

Bob Chapman the alleged assassination of Osama could be a set up for a false flag attack Bob Chapman does not believe that this had anything to do with the recent silver market crash , which have been caused by the CME which raised the margin requirements 5 times in nine days

Silver a volatile Market

Russ Koesterich,of BlackRock iShares Group says : " silver, unlike gold, does have industrial demand. about 50% of demand for silver comes from industries. industries like photography. that saidance there's no evidence, a spike in demand or significant contraction and supply. most of the moves, particularly in the last few months, is mostly investment driven. " "going back 30 or 40 years there's been a stable relationship between silver and gold. silver historically is 1/55th the cost of gold. silver got to the to 1/30 the cost of gold. even today coming down 30%, it's trading about 1/40 of an ounce of gold. still very expensive by historical standards"

Silver, Gold on Steroids

Silver is a very small market cap in terms of value With about 1.2 billion ounces of available investment silver at this prices it is around 35 billion dollars market so it doesn't take much to set prices higher or lower, Ben Davies, CEO of Hinde Capital, told CNBC. In the end, both gold and silver will, in the long term go up, he explains , we are looking at a 100 to a 150 millions ounces of deficit a year which means that prices have to go higher based on the supply demand fundamentals for silver , a double digit price for silver is realistic for the next 5 years says Ben Davies

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)