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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: the navigator who wrote (7805)3/20/2008 11:52:23 PM
From: Amots  Read Replies (1) | Respond to of 8010
 
Just one option:
Selling off SLV in order for the ETF to deliver the physical, now the question is if it has it????
-ggg-



To: the navigator who wrote (7805)3/21/2008 10:33:00 AM
From: polarisnh  Read Replies (1) | Respond to of 8010
 
up the stairs,

I also received an email from American Precious Metals Exchange yesterday (APMEX.com) indicating that their online services were going temporarily off line.

apmex.com

I also checked with a few others that I have done a lot of business with in the past and saw similar results.

kitco.com

What is my take on it? I believe that due to margin calls there was a massive short covering undertaking this week that cleaned out the majority of the supply for some of the largest silver and gold suppliers. I also believe that the market for physical silver and gold has shifted into another gear due to a tremendous increase in demand over the past few months. That is my opinion.

Cheers,

Steve