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Strategies & Market Trends : Ride the Tiger with CD

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To: Claude Cormier who wrote (136622)	11/15/2008 7:02:54 PM
From: Proud Deplorable	Read Replies (2) of 313059

"the size of market of the paper silver market, which shows the systemic silver shortage is about 17 times bigger than the retail silver market! I estimate that there is about $17 billion worth of "paper silver" out there in the world in the form of silver futures contracts, unbacked unallocated accounts, and ETFs. That's about $7 billion in futures contracts, and I'd estimate an equal amount of another $7 billion in unallocated "bullion" accounts at various LBMA member banks, $2.2 billion in the SLV ETF, and $1.5 billion in paper certificates with the Perth Mint.................... ...In contrast to the approximate $17 billion of silver liabilites and "indebtedness", there is probably less than $1 billion worth of physical silver available to buy...... And meanwhile, the government prints up $700 billion in a bailout, that is really more like $3,000 billion to $10,000 billion............ .......The position limits prove there is a shortage of the 1000 oz. bars that they are afraid they cannot obtain to deliver to meet the terms on their unlimited numbers of short sale contracts." guess whoooooo?

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