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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: kingfisher who wrote (146411)	3/7/2011 12:03:09 PM
From: ChanceIs	2 Recommendations Read Replies (1) \| Respond to of 206201

Physical Silver (PSLV) Premium To NAV Surges To Record High >>>Who are you going to believe, Jim Puplave or physical silver selling at a 20% premium over paper? It gets increasingly hard for JPM to short silver down to "manageable prices" as the leverage/influence of the paper markets evaporates. Of course the bank regulators could allow JPM to mark it's silver shorts to fanatsy as they have done with real estate and everything off balance sheet for the last seven years.<<< Submitted by Tyler Durden on 03/07/2011 11:40 -0500 * Blythe Masters While rumors that certain banks and exchanges may or may not be experiencing a dramatic run on physical silver are propagating across the blogosphere, we won't know for sure until we see Blythe Masters resignation letter. In the meantime Alexander Gloy of Lighthouse Investment reminds us of something very much indisputable: the physical premium over paper silver has just hit 20%, or an all time record. For all those who claim (oddly enough) that silver is really ubiquitous and one kicks around discarded bars of silver just walking down the street, should most certainly bet on this spread collapsing. Everyone else (presumably those who have been long physical silver for months if not years) are advised to sit tight.