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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: More From GATA - Bix

More From GATA - Bix

posted on Feb 24, 2009 03:10PM

Bix, who always posts interesting stuff on Midas, offered up the one below this evening. What indeed will happen when JPM or SLV reaches maximum capacity? Don't know if the max is really physical silver or whatever, but with JPM, which I gather means SLV, out of the picture, which way does the price of silver go? If they've been buying the real thing to the tune of 264M ounces and they quit buying......then what?

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Hi Bill

The physical silver holdings of JPM for the SLV Custodianship are about to max out....any day!

They are now only 1.5 million ounces short of their 264M prospectus capacity.

Where we go from here is anybody's guess but get ready for some MASSIVE VOLITILITY!

Let's just hope Bart Chilton is really on our side.

Buckle up

Bix

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Feb 24, 2009 06:35PM
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