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Gold/Mining/Energy : Silver Bull Resources, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (1891)	5/26/2008 10:43:10 PM
From: shelby3	Read Replies (2) \| Respond to of 5637

<However these guys were very emphatic that this is a problem that is much worse in Canada. So here actually as a US listed company with US financing MMG has perhaps some considerable advantage over the Canadian listed companies.> I think it is naive to think that the crooks in global banking do not know how to travel. Apparently the USA bankers were too busy on a larger fraud in selling mortgage derivatives to retirees, but they will learn quick what is the new & hot way to steal. The entire global financial system is a giant counterfeiting operation. That is why I prefer silver over anything. Zinc is attractive for the next few years, as the counterfeiting shows no sign of abating (no global deflation imminent), it is the most undervalued base metal, and MMG is highly undervalued especially for it's superlatives. And the kicker for me was when it became clear that MMG has probably already 50 Moz silver (est. 27 Moz in North + byproduct Ag in south oxides). That may be more physical silver than it available for delivery on the COMEX right now, with demand far outstripping mine production. If investors continuing eating into the silver scrap recycling, then it is easy for me to say silver is the only precious metal that hasn't exceeded it's 1980 high, so $50M x $50 = $2.5B on the silver alone. I see in recent news about rationing of silver eagle coins, that the investment demand this year is already doubled so far in 2008, and I think investment demand in 2007 was on the order of 50 - 75Moz. I think the recycled scrap (e.g. 90% silver coins sold to coin dealers who sell it to refineries) is on the order of 188 Moz. The price fixers on the COMEX will continue to short sell the unallocated silver in the ETFs & bullion banks until they have no more physical silver to back their paper obligations, but I read from Ted Butler that the Commercials have for the first time EVER started to take delivery on the COMEX. The physical silver market is on the cusp of default, backwardation, massive drop in futures open interest, and it will be the first warning shot over the bow of the sinking of the titanic counterfeiting operation known as "fractional reserve banking" and paper "money". I am not a financial adviser, so consult your own. My opinions are not entirely provable fact, they are just my opinions with substantial circumstantial evidence. I seek safe harbor. I do not guarantee my identity, as posting in a online forum can be done by imposters.