david bond of the wallace street journal has written an essay, munich musings. he describes the price differential between the comex price and the real world price of silver. he also quotes the silver analyst sean rakhimov, who says silver is now effectively a black market.

A black market occurs when the State mandates a price for a commodity that cannot be produced, bought, sold or had for that price – usually a ploy to make state-reported economic figures look better. The inexorable result is that the price of the commodity will rise beyond the official price to the point where producer and consumer are willing to do business in the shade.

http://news.silverseek.com/SilverSee...

but for the record, david bond and sean rakhimov, i said it first. so there.

http://agoracom.com/ir/SilverStandar...