Mexico Mike…

Hi Bill!
No surprise in the market action today. Since it is the first Monday of a new month, the standard drill is to pound silver and gold no
matter what other factors may be at work in the overall setup. This is something that can be confirmed through years of market performance. What are the odds that the metals can be in a strong multiyear bull market and yet have the first day of trading almost every month sharply lower, without an intense coordinated intervention in place to make it so? A weaker dollar today is not reflected in the metals trading.

The fact that the PDAC is underway, which is the biggest mining show in the world, should just make it that much more attractive to the criminals to do their thing. It would not be acceptable to market riggers to allow any excitement in the metals to spill over when so many investors are walking the show floor and talking to the mining companies. Instead they hammer the metals during any big mining conference to keep sentiment in the tank.

Today First Majestic Silver announced their year end results, which were exceptional, and also reported that they have allocated $10 million to the Sprott Silver Trust. Investors in the mining stocks should support companies like First Majestic, for the management has
the courage to stand up to the crooks and put their money on the line with the metal they are producing. For sure there would be intense criticism directed at the company if the price of silver should fall. I doubt that will happen on a long term basis, and people like myself that resent the manipulation in the precious metals sector need to support the companies that act to oppose it. By investing the Sprott Trust, silver bullion is removed from the market and therefore it amounts to less ammunition for the crooks to bomb the metals on a day like today.

Eric Sprott also deserves credit for acting on behalf of all precious metals investors to support the metals in a transparent trust that actually does own every ounce it represents for investors. I suspect some of the other bullion ETFs are a scam and would not touch them.

Contrast the integrity of Eric Sprott with the disingenuous blather that comes from Warren Buffet and his propaganda on behalf of Berkshire Hathaway. Why would anyone even respect a word from Buffet on the topic of precious metals after the monumental error in judgement to unload millions of ounces of silver held by his fund so early in this bull market?

Eventually I do hope that other producers will find the balls to take on the Cartel, in both silver and gold. Companies like Endeavour Silver, McEwen Mining, UC Resources, and now First Majestic, should be supported for their efforts to do something constructive by takingsome of the metal supply off the market.

I own shares in all of the above by the way.
Cheers!
MexicoMike

We have been Getting Great Exposure since Placing some of our Capital in Sprott Silver Trust!!!

Cheers

W.C. Guy