Proof of Silver shortage

http://www.caseyresearch.com/gsd/ygsd/yesterday-gold-and-silver-176
Here's a little snippet from silver analyst Ted Butler's weekly review on Saturday..."The liquidation of the 40 million ounces from the SLV is incredibly bullish to me. There was nothing coincidental or unintentional about the sudden 30% drop in silver prices. As I have previously written, getting as much silver from the world's largest stockpile of silver was the reason behind the price plunge. This silver was forcibly taken from SLV shareholders, whether those shareholders were aware of it or not. It was taken by those who didn't mind violating market laws in order to get the metal. That should give you a sense of how serious was the intent to secure this silver. Many will say this shows that the silver wasn't in demand by the investors who sold it.. I would say nothing could be further from the truth. Breaking laws to secure something indicates a motivation bordering on desperation. The bottom line is that these 40 million ounces are now held in incredibly strong hands."

Category:

Education

Tags:

• Silver
• Coins
• Bullion

[tfrenn]

I think everyone would like you to talk about the coming default by

Greece. We all know it's going to happen, just not when.

And how this will affect gold and the dollar.

[davincij15]

@tfrenn

The problem with Greece is that like Bear Sterns it would only mean that a Lehman brothers (Example: Spain) will be next and one that happens the currencies around the world would collapse. No guarantee could be made to keep confidence in the system.

Central banks understand that the loss of confidence is contagious.

[EWOKCAD]

Davinci when are you going to weigh in on the Peter Schiff vs. NIA vs Vision Victory vs George4title mess?

[davincij15]

@EWOKCAD

Why should I beyond my comments on their channel?

[davincij15]

@nedbeaty72

Um the SLV is not an a FUND it's a silver trust. Read the prospectus it states they will hold silver for you in trust. It also says if their is any fraud or theft they are not liable thus JPM can legally steal from the trust.

[scarinit]

Pay real attention to what is happening now in the european country Belarus. They just devalued their currency by half, panic everywhere...the real winners: silver holders who preserved their wealth

[61markt]

@DavidAKZ Ring ABC bullion sydnny

[DavidAKZ]

@scarinit PIIGS next ?

[DavidAKZ]

@61markt where from ?

[world2explode2moro]

@davincij15 i have my suspicions but this ewokcad fella is gypsyhustled ;-) now..where's my rubix cube at...

[L9PoloPa]

@Kingnaira see its simple stuff, now silver is on a light pullbak again, + traders tend to sell on fridays so perhpas fridays r good. always better than buyin at the price of yest!

[wizdumb420]

@davincij15 I agree, sir!

[davincij15]

@nomad1420

I have a feeling the world will not get that bad and silver is money but it's the people's money and since the people can and will be fooled into debt based money you should hold gold instead when it's time to sell.

[davincij15]

@jbzy077

It's actualy not as it's written in the perspectus that if the silver is stolen they JPM is not liable. Many lawyers on the web point this out on GLD mostly, go look for yourself.

[boob1019]

I agree with you . What I want to know is there a clear voice that states the remaining quantities??? Not the random folks on blogs and vlogs. Who calls it???? Forget the haters , Bob

[jbzy077]

well i agree with alot of ur views but not this one....i see that as criminal act where they dont want to pay back for what they have took in return.....the cheap way out if u will bkus they have the power to do that at this present moment but not for much longer they in the end will have to pay one way or another

[silverexplosion]

The dealers in my area are very low on 999 fine, but have lots of 90% still...thats why I'm buying dimes and quarters right now. I bought 16 quarters today for $6.75 each.

[marniespeaks]

jpm is a cancer

[mrcell61]

I have noticed low volume on several of your videos. Could you get the mic closer to you or something? even cranking up the volume it is hard to hear your wonderful words. Thanks.

[Nathan21122012]

Im keeping every ounce......lol...I love this it is a fun ride...hahaha

[SILVERpeasant1996]

@davincij15 WTF, steal your "physical" silver leagally!?!? WTF!!!!!

[BLynchCAN]

Shortage or a 'scam'. They can create as much 'paper' silver as the want. Is John Lebed running the silver marker right now ???

[L9PoloPa]

da vinci i agree with you that silver should hold at 39 before continuing its long term uptrends, otherwise it should stabilise between as low as 26-30. fingers crossed it is the second possibility, so that we can re-inforce in that fairly what seems to be an easy play. watch for jim rogers s updates too. silver was one of his 3 favorits for 2011. (silver, rice, nat gas)

[L9PoloPa]

@nomad1420 ur not goin to use ur silver for shopping :D ur investin n protectin urself from inflation. the us is not zimbabwe atm! its just commodity prices will go up, energy too, n precious metals likely because things are pegged to the USD --> big trouble, silver, n gold on uptrend.

[L9PoloPa]

@Kingnaira silver rose almost 5% today. likely on greece default fears, thus followin gold on the up trend. its not a big surprise. Long term, yes its not much risky to buy silver now. however, a better entry point is, lets say 35 or below, its not goin to stay there at 37, it s likely goin to come down before goin bak up. its in a bull market, ok, but still need a fair entry point to actually make $ on it. im lookin to buy some below 30 personally atm. iv entered two weeks ago at 34-35, gd luk