this week the entire second hour at financialsense.com was on the topic of silver. jeffrey christian of cpm group was interviewed, and although he is bullish on silver, he mentioned $18 as the average price of silver for the next several years. i'm sure he understands that real silver bullion is already selling for near $18, and that didn't agree with his sentiment from the last segment of the first hour.

he mentioned the possibility of a default on the comex next month, but that remains to be seen. the last rumor i heard elsewhere was that a supplier in mexico has to sell silver to raise cash, so they are dumping 40 tons of silver. but that's still only 1.2 million ounces, and that won't satisfy investor demand for very long. at best they may be able to delay the inevitable for a month or two.