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Thread: Silver/SLV

  1. #13

    Default Re: Silver/SLV

    Looks like an opportunity to get some SLV. I just wonder where the bottom is? 13.20 after hours. Might be a chance to see under 13 during the day today. Any thoughts?
    Thanks, Dave

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  3. #14

    Default Re: Silver/SLV

    $12.74 now. What is going on? Brief research says that the ratio is usually 40 to 1. When it gets this far out of whack we are looking at doom and gllom on the DOW to the tune of below 10K.

    Regards, Dave

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  5. #15

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    Default Re: Silver/SLV

    Quote Originally Posted by Davehop21 View Post
    Looks like an opportunity to get some SLV. I just wonder where the bottom is? 13.20 after hours. Might be a chance to see under 13 during the day today. Any thoughts?
    Thanks, Dave
    Quote Originally Posted by Davehop21 View Post
    $12.74 now. What is going on? Brief research says that the ratio is usually 40 to 1. When it gets this far out of whack we are looking at doom and gllom on the DOW to the tune of below 10K.

    Regards, Dave
    I don't know what is going on but this video from Don Harold is eye opening. Physical metal is drying up and the market is being flooded with paper. I know that I have been hording and so have my friends. Come on $35 a ounce!

    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  7. #16

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    Default Re: Silver/SLV

    From one of my physical sources.

    Dear Investor,
    The US Mint has again announced production delays and rationing for silver American Eagles. We will continue to ship silver Eagles from our stock when they arrive from the US Mint, but in order to expedite delivery will need to ship dates of our choice (unless 2008 coins were specifically requested). In some cases, orders placed after August 1 may experience significant delays, but you can be confident that all trades locked in will be shipped expeditiously as we receive supply of product from the US Mint. For those of you who wish to ensure a place in the queue, we will continue to lock in trades at our low premiums over spot.

    http://bullion.nwtmint.com/
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  8.  
  9. #17

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    Default Re: Silver/SLV

    From another site.

    First - The Bad News.

    We just received word, the US Mint has suspended sales of the 1 oz Gold American Eagles until further notice and are not accepting new orders from precious metals dealers. This is in addition to the shortage of 1 oz Silver American Eagles.

    This comes at a time when many investors around the nation are scrambling to locate silver bullion and US gold coins while prices are attractively low. These low prices seem to be one of the driving factors in this recent shortage, as investor demand has dramatically increased.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  10.  
  11. #18

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    Default Re: Silver/SLV

    All of my normal silver suppliers have suspended sales of ALL bullion including generic rounds and bars. ALL PHYSICAL BULLION SALES SUSPENDED. This is very, very, very unusual.

    eBay is the only place to find it and they are very high right now, I guess because all of the normal suppliers have dried up.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."


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  13. #19

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    Default Re: Silver/SLV

    I wonder if someone is buying it all up from the main suppliers?

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  15. #20

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    Default Re: Silver/SLV

    At first you would think so, but NWTM is the supplier. They own the mines and can not keep up with demand.


    IMO, people have been buying the heck out of physical silver for over 5 years and the market is drying up. The ETF SLV must have, by law, enough physical silver bullion to cover its ETF.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  17. #21

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    Arrow Re: Silver/SLV

    June 6, 2008

    MEMORANDUM TO ALL AMERICAN EAGLE AUTHORIZED PURCHASERS

    FROM: Cathy Laperle
    Team Lead, Bullion Program
    United States Mint

    SUBJECT: American Eagle Silver Bullion Coin Update


    The United States Mint has been informed by its silver blank vendors
    that the volume of blanks they will be shipping to us in the coming
    weeks will be significantly reduced. Specifically, the quantities they
    will ship to us during the week of June 9 are expected to be less than
    half the quantities they shipped to us during the week of June 2. Our
    vendors, however, expect to be able to make incremental increases in
    supplies each week thereafter. In the mean time, the significant
    reduction in the number of blanks they supply to us will, of course,
    directly affect the quantity of coins we can make available for
    allocation to our Authorized Purchasers. Accordingly, the United States
    Mint will continue allocating American Eagle Silver Bullion Coins per
    the process initiated on April 21, 2008.

    As you know, in the first six months of 2008 production, the United
    States Mint produced more American Eagle Silver Bullion Coins (10.07
    million) than we did during the entire 12-month period of 2007 (9.03
    million). The United States Mint stands ready to continue this high
    level of production as additional blanks become available from our
    suppliers.

    The United States Mint is making every effort to increase its
    acquisition of silver bullion blanks that meet the specifications and
    requirements of the law. In our efforts to meet unprecedented demand,
    the United States Mint is again preparing a request for proposals (RFP)
    for additional silver blank suppliers. Additionally, we are not using
    incoming supplies of silver blanks to produce numismatic versions of
    these coins (American Eagle Silver Proof and Uncirculated Coins); all
    incoming inventory is being used solely for silver bullion coins during
    this reduced supply period.

    Thank you for your patience and your continued support of the United
    States Mint American Eagle Silver Bullion Coin Program.
    http://www.davidicke.com/forum/showthread.php?p=380978
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  18.  
  19. #22

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    Default Re: Silver/SLV

    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  20.  
  21. #23

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    Arrow Re: Silver/SLV

    Silver has Run Out, Now!

    By: Jason Hommel, Silver Stock Report


    -- Posted 20 August, 2008 | Digg This Article | Discuss This Article - Comments: 3


    (Just try to find some!)

    Silver Stock Report

    For a long time, people have been asking me, "When will silver run out?". They know that the world uses up more silver each year (about 850 million ounces) than the world mines (about 600 million ounces), and that existing demand can only be met by selling existing inventory (such as recycling 200 million ounces, or goverments selling 50 million ounces), so it's a natural question to ask. The question is not implying that mankind will be unable to mine any more. Rumor is that there remains at least about 14-16 years of silver in the ground at "current" prices; while at much higher prices, silver mining becomes more economic, and more deposits can be added to that "in ground" reserve number.

    So, the question is really just asking, "When will we run out of "excess" above ground silver that can meet the supply/demand gap, so that the price will begin to really take off upwards?" Clearly, the world has silver in supplies above ground, and such silver supplies are dwindling in order to meet the supply/demand gap. About two years ago, the world started adding to above ground silver supplies as silver investors started buying, (and the silver surveys label investor buying as a "surplus". However, silver recycling was still greater than new stockpiling, which continued to deplete overall silver supplies.

    http://news.silverseek.com/GoldIsMoney/1219250737.php

    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  23. #24

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    Default Re: Silver/SLV

    Gee, as if Ebay's prices aren't high enough?

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