Re: Silver Production and Demand
in response to
by
posted on
Sep 23, 2010 07:45AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
The Hunt brothers did not try to manipualte the PoS. They simply saw that silver was under priced and made a sound investment decision.All open and above ground. they were left alone until they asked for delivery of the silver that was sold to them.
It was the Silver Users Group that kept the price down artifically and had been buying off political power for decades that caused the stink. The rules for buying silver were changed when it became clear that there was not enough silver to meet the Huht's demand. The price rose and the then new york criminal element with their paid off politicians vilified the Hunt brothers to protect the price supression and hide the manipulation.
Same as today, the media dutifully printed what the power class told them to. Silver manipulation has been going on for nearly 100 years. It is not new to the last 20 years. What is different today is that there is not billions of ounces left in stores to use as a tool to aid the price supression. The last large stores of silver evaporated in the price supression of the late 90's. The US government stockpile was consumed supressing the price of silver. Now all that is left between an honest price and today's price is the thugs in new york, dc, and uk.
Supply and demand are gaining momentum. Silver's day is comming. Hope you have some.