BUY PHYSICAL SILVER to expose JP Morgan's Fraud...BANKERS OR US

[Letsbereal]

A SILVER INVESTOR'S CALL TO ARMS
February 2011, by Bix Weir (Road To Roota)
http://www.roadtoroota.com/public/533.cfm

It is TIME!

Ted Butler just sent out a message to post a comment on the CFTC website for the new position limits ruling.

IF we get enough people to DEMAND a limit of no more than 1,500 contracts in silver we may be able to END THE MANIPULATION!

Here is my letter:

http://www.roadtoroota.com/public/532.cfm

If my analysis is correct, by the time the comment period ends on March 28th the banking cabal will be on their knees and silver will be skyrocketing...

IT'S THE PERFECT TIME TO GET STRONG POSITION LIMIT RULES ENACTED!

Now is YOUR time to make history!

Copy and post this (or your own letter) to the CFTC Position Limits Rule Comment page…

Fair and appropriate position limits in silver should be NO MORE than 1,500 contracts or 7.5M ounces.

The current proposed limit of over 5,000 contracts WILL NOT SOLVE THE PROBLEM OF MANIPULATION IN SILVER! The 1,500 contract limit is the correct amount and is STILL greater than any other current concentration in physical commodities traded on the COMEX.

Here's the link to the CFTC website comment page...

http://comments.cftc.gov/PublicComments/CommentForm.aspx?id=965

I know many of you have done this in the past BUT WE NEED ONE MORE BIG PUSH!

There are currently 80 comments on the Position Limits Rule...I think we can get 8,000 in the next month if we mobilize!

Post your comment today...

The future belongs to WE THE PEOPLE but we must FIGHT for it!

Bix Weir

www.RoadtoRoota.com

[Letsbereal]

Turk - Dollar Ready to Collapse, Silver Squeeze to Continue
25 February 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/25_Turk_-_Dollar_Ready_to_Collapse,_Silver_Squeeze_to_Continue.html

Excerpt:

With gold higher and silver up almost $1.30, King World News today interviewed James Turk out of Spain. Turk had this rather frightening warning about the dollar, “The dollar right now is hanging on the precipice. If we break below 77 on the dollar index, look out below. I don’t think people really appreciate how scary the dollar chart is here, or how ominous the implications really are. There’s no predicting how far the dollar could plunge if confidence breaks.”

Turk continues:

“You’ve got civil breaking out in North Africa and you have rebellions happening in the Middle-East. In this kind of geopolitical situation in the past the US dollar would always rally, but this time it can’t even bounce. You know Eric the other side of this coin is that if the dollar falls off the edge of a cliff, precious metals are going to skyrocket.”

When asked about silver Turk stated, “During the most illiquid time of the trading day, somebody decided to take out all of the stops in silver. If you were not following during business hours in the Pacific Ocean you missed it. I woke up this morning and looked at the chart and couldn’t believe what happened while I was sleeping.

The important point Eric is that no technical damage was done and in fact the situation has become even more bullish because that little smack down overnight took out all of the weak hands.

With this month’s important options expiry now behind us, I’m looking for higher prices next week. Even though the March/May spread has flattened a little, the backwardation continues to grow to 2015 and has ballooned further to $1.16. The short squeeze is continuing to develop. The shorts are trapped and whether the trap springs this week or in a month or two I don’t know, but we are getting very close.”

[Letsbereal]

DAVID MORGAN : SILVER, LIBERTY & CFTC LIMITS - Part ONE
http://www.youtube.com/watch?v=V7mUC-oXVlU

Part TWO links comes up automatic.

[Letsbereal]

100/OZ of American Silver Eagle Bullion From Fighting For Silver!!
http://www.youtube.com/watch?v=_L0yTM41W0o

[Letsbereal]

KWN Weekly Metals Wrap
26 February 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/2/26_KWN_Weekly_Metals_Wrap.html

Download MP3 from site (right click -->--> save link as)

[Letsbereal]

iShares Silver Trust (SLV) scam exposed
http://www.youtube.com/watch?v=_-dBQd16cvg

[Letsbereal]

Dollar getting slammed, Silver and Gold surging toward new highs
28 February 2011, by Max Keiser (maxkeiser.com)
http://maxkeiser.com/2011/02/28/dollar-getting-slammed-silver-and-gold-surging-toward-new-highs/

MK: The Dollar is not attracting ‘flight to safety’ support and this is surprising a lot of money professionals.

I just heard Hillary’s speech in front of the UN and felt as if she was still reading from the old playbook written by Saudi Arabia and Israel decades ago.

She sounded out of key as do all of the knee-jerk analysts ‘surprised’ by the dollar’s weakness. Silver is to the dollar – what the revolutions in N. Africa are to the dictators there.

We are witnessing huge shifts in political and economic trends.

The old dictators, including the US dollar – as world reserve currency – are being chased out of town by a global insurrection against the banker occupation.

[Letsbereal]

Price of Silver!! New High!! $34.41 http://www.goldprice.org/spot-gold.html

 <I Am The Man on The Silver Mountain> http://www.youtube.com/watch?v=p9nfVrusSMg

[ekimdrachir]

WOOO!

[No2NWO]

Silver hits 31-year high; gold eases from peak

(Reuters) - Spot silver hit a 31-year high, while gold traded less than half a percent from a record high struck this week, as tensions in the Middle East underpinned safe-haven demand and surging oil prices helped.

With Libya on the edge of a civil war, protesters took to the street in Yemen, Iran and Oman and clashed with government forces.

Fears of spreading unrest in the region sent oil surging back toward last week's 2-1/2 year highs.

"If the contagion gets a little bit out of hand in Saudi Arabia or Iran, the results are not positive for equities and not positive for inflation. It's an event that everyone is trying to avoid," Jonathan Barratt, managing director of Commodity Broking Services.

Spot silver struck $34.74 an ounce, its highest since early 1980. It was trading at $34.58 at 0233 GMT.

U.S. silver futures rose to $34.74, and weakened a bit to $34.59.

http://www.reuters.com/article/2011/03/02/us-markets-precious-idUSTRE71G2KM20110302

[Letsbereal]

Max Keiser: Crash JP Morgan - Buy Silver! Update on AJ show
http://www.youtube.com/watch?v=p9pcYBWd3Tc

[Letsbereal]

Introducing The Crash J.P. Morgan Car
http://www.youtube.com/watch?v=akF1jXant7g

[Letsbereal]

Why Silver is Headed to $500/oz - plus, Backwardation Explained by Jason Hommel
http://www.youtube.com/watch?v=ntYAXrGP51Q

[Letsbereal]

U.S. Mint reduces delivery of silver eagles
3 March 2011, by cpowell (GATA)
http://www.gata.org/node/9669

Dear Friend of GATA and Gold (and Silver):

King World News interviewed Bill Haynes of CMI Gold and Silver today and reports that the U.S. Mint has reduced its delivery schedule of silver eagle coins, sending coin premiums up.

No explanation was given but surely the daily commentator over at Kitco will explain tomorrow why it indicates an imminent collapse in the silver price.

He's bound to get it right any year now.

You can find excerpts from the interview with Haynes at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/3/2_US_Mint_Reducing_Allotments_of_Silver_American_Eagles.html


CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

[Letsbereal]

Eric Sprott: The Government Lied... There is No More Silver!
http://www.youtube.com/watch?v=T2w7wGwUZ9Y

[Letsbereal]

John Hathaway - $50 to $60 Silver, US Dollar in Danger
3 March 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/3/3_Hathaway_-_$50_to_$60_Silver_if_QE_Continues,_Dollar_in_Danger.html

With gold and silver consolidating recent gains, today King World News interviewed John Hathaway, Senior Managing Director of the Tocqueville Gold Fund.  There is a great deal of talk emerging about the strength in the silver market and the weakness of the US dollar. Regarding silver Hathaway commented, “Well it’s on fire obviously. Usually when silver does well you have a set of inflationary expectations.” 

Hathaway then shocked KWN with this statement, “If we have a continuation of QE2 past June 30th, I wouldn’t be surprised to see silver in the $50, $60 an ounce territory.”

When asked would there be a waterfall decline if the US dollar were to move down and take out the 71-72 area Hathaway responded, “Yeah, I think that would be a real sign that people had given up on the dollar. The market would basically be telling you that the verdict is in and the dollar is in effect beyond redemption in terms of any sort of respectability and I think you’d see a huge move into gold at that stage.”

John Hathaway’s fund has been one of the top performing funds in the world for quite some time and was just awarded a 5-star rating by Morningstar.


John Hathaway
4 March 2011, by Eric King (King World News)
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/3/4_John_Hathaway.html

Download MP3 from site (right click -->--> save link as)

[agentbluescreen]

Eric Sprott: The Government Lied... There is No More Silver!
http://www.youtube.com/watch?v=T2w7wGwUZ9Y

I wish Eric and others wouldn't keep telling the lies that exchanging labor exchange currencies for gold and silver money is "investing"!

It is no such thing!

Buying shares in equity in a gold mining (or any other productive enterprise) business is "INVESTING", putting savings into Mother Natures Savings Bank (gold silver) that you furtively bring home and hide under the floorboards is "SAVING".  

Investing puts funds into the hands of producers and enterprises who are employers and produce more wealth. Saving gold and silver merely starves all the geese that lay our other 'golden' eggs.

People run to saving when they are deeply worried, desperately untrusting and hopelessly fearful.

That is the completely irreparable and intolerably destructive permanent destructive harm that the Private Loansharking Fed Dictatorship Regime and it's Bush criminal's lies of 9/11 (WTC 7 and the GREEN AIRPLANE that hit the Pentagon) have done to this world's entire trade, political and economic systems.

Until there is truth and reparation of these evils, all is, must and shall continue to forevermore be treated as lies, by all of good conscience.

[Letsbereal]

Silver Shorts Bloodbath
4 March 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/silver-shorts-bloodbath

Excerpt:

[Letsbereal]

The Silver Log (03.01.2011) - Silver in Two different markets
http://www.youtube.com/watch?v=sR28o5f9aKE

[Matt Hatter]

Gold to $57,000, Silver Even More? Interview of Adrian Douglas Part 1 of 2
http://www.youtube.com/watch?v=_tLntPQxfF0&feature=feedlik


Gold $57,000, Silver Even More? Adrian Douglas Interview Part 2
http://www.youtube.com/watch?v=kL_M5FNtb3U&feature=feedlik

[ekimdrachir]

Wow trading has barely begun this week yet overseas has pushed it above $36 already!!

[Letsbereal]

PDAC-Sprott says silver will keep outshining gold
8 March 2011, by Euan Rocha and Pav Jordan - Toronto (Reuters)
http://www.reuters.com/article/2011/03/08/canada-pdac-sprott-idUSN0812540320110308

Excerpt:

* Hedge fund boss says more dollars flows favor silver

* Wary of investing in base metal due to uncertain economy

Silver is likely to keep outperforming gold thanks to strong dollar flows, though both are still good investments compared with copper and other base metals, according to Eric Sprott, the hedge-fund manager and Canadian investment guru.

"I watch where the money goes and the money's going into silver. There's as much money going into silver as into gold in dollar terms," said Sprott in an interview with Reuters.

Sprott, who heads Toronto-based hedge-fund Sprott Asset Management, said it is important to note that silver available to buy is relatively scarce in terms of value, and that bodes well for further gains.

"There is 75 times more dollars worth of gold to buy than silver, but the money's going in one to one," says Sprott, while speaking on the sidelines of an investor event held in conjunction with the annual PDAC mining convention in Toronto.

Silver stocks in COMEX warehouses are near their lowest since April 2006, when the metal traded at $5 an ounce. Demand for silver coins has also picked up, especially in the United States, where it was at record levels early this year.

"My biggest thing is silver -- I think silver is going to go up a lot here. Gold's right in there, but not as good as silver," said Sprott, following a presentation to hundreds of investors in a resplendent ballroom at Toronto's Royal York Hotel.

[Letsbereal]

‘Charlie Sheen’: Secret Silver Investor?
8 March 2011, by Katy Burne of Dow Jones Newswires (The Wall Street Journal)
http://blogs.wsj.com/deals/2011/03/08/charlie-sheen-secret-silver-investor/

Excerpt:

Charlie Sheen loves tiger blood, machetes and goddesses. But is he also a closet commodities fan?

A person writing under the name “Charlie Sheen,” the disgraced sitcom actor, filed a comment with the Commodity Futures Trading Commission last week, and he recommended the agency adopt more conservative position limits on derivatives tied to silver.

Market participants were buzzing about the appearance of Sheen’s name in the otherwise low-gloss world of commodities.

----

In “Charlie Sheen’s” March 1 memo, the writer asks the CFTC to re-adjust its proposed position limits in silver.

“Sheen” says that the “current formula would result in a position limit of over 5,000 contracts for any single speculator.” The memo writer said that limit is equivalent to 25 million ounces of silver. Only three mining companies worldwide produce that much silver each year.

It turns out that even real silver experts agree with “Charlie Sheen.” Critics of the CFTC’s proposed rules have called for a revised cap of 1,500 contracts or fewer to prevent market manipulation in silver.

If Charlie Sheen, Martin Sheen or any other actors want to weigh in on the CFTC proposed rules, the agency’s website is accepting comments through March 28.

[Letsbereal]

The Most Important Silver News in Nearly 30 Years
9 March 2011, by Chris Weber, editor, The Weber Global Opportunities Report (Daily Wealth)
http://www.dailywealth.com/1659/The-Most-Important-Silver-News-in-Nearly-30-Years

Excerpt:



Over the last six months, you see how the gold-to-silver ratio has been moving lower. Silver has been relentlessly moving up faster than gold. Back in early September of last year – just six months ago – the ratio was over 60 to one. Now, as I write, it has broken 40.
 
In other words, the ratio got to where silver's relative strength has been turned back several times in recent years... and kept going. On Monday, the ratio got as low as 39.32. It has since backed up a bit. But it has broken the boundary, and this is very bullish for silver.
 
In the latest issue of my newsletter, I told my readers to be prepared for the possibility that the ratio would be again turned back at 40. This would either mean that gold and silver would both continue to rise, but that gold would start to soar much higher than silver, or both metals would fall, but silver would fall more than gold.
 
In that case, you'd want to make sure to own some gold along with your silver. That advice still stands.
 
But as I told my readers – and as you can see from the long-term chart above – the gold-to-silver ratio hasn't flatlined for decades: It's usually going one way or the other rather dramatically.
 
Right now, it's going down dramatically. That's big news for silver.

Good investing,
 
Chris Weber

[Ninjaman]

I only have one half dollar of silver. Its a shame i have no job and cant get anymore.

[Letsbereal]

The Silver Door Is Closing
13 March 2011, by Silver Shield (Dont Tread On Me)
http://dont-tread-on.me/the-silver-window-is-closing/

Excerpt:

The Elite use a multiple pronged attack on silver to hold it down. All of their weapons are paper tigers.

The Aware have found that by taking physical delivery of silver, the Elite’s powerful weapons are rendered useless.

Actually even worse than useless, these paper weapons actually help the Aware to buy more physical silver at discounted and subsidized prices, hastening the Elite’s ultimate demise.

Keep those shorts coming and we will keep stacking!

As a result of this battle, the CRIMEX now has less than half of what it had in registered inventory than it did at the bottom of the Bear Trap of 2008.

In July of 2008 there were 87 million ounces in the registered CRIMEX vaults.

Today, there is just over 40 million ounces left.

The trend line is pretty dramatically down even as the price of silver spikes up.

Less than $1.5 billion would empty the CRIMEX of the last bit of silver at current prices.

With no silver to deliver, the jig is up for the Elite.

[mr anderson]

Bullion Bourse - Sellers of Precious Metals to the Savvy Investor

Browse our extensive array of fine bullion products. Be sure to frequently visit this website to keep in touch with our latest specials as they move quickly!

DELAYS, DELAYS - ordering information

    * Please note all orders placed for foreign bullion products (Eagles, Maples, Philharmonics, Buffalos, Morgans etc. ) are currently subject to a 1-2 week backorder.
    * This is due to unprecedented demand and time taken to replace stock.
    * We are still receiving these products regularly and will lock in prices at time of ordering, however due to demand you will need to wait a while to receive your orders.
    * If you require your order sooner please consider our Perth Mint products.
    * Thank you for your patience through this busy  period. 

http://www.bullionbourse.com/
Specialists in Australian and foreign bullion coins

[Letsbereal]

Silver Keisers: The Arrival
17 March 2011, (maxkeiser.com)
http://maxkeiser.com/2011/03/17/silver-keisers-the-arrival/

[Matt Hatter]

The Silver Bullet And The Silver Shield

“The BEST article written on silver in Ten Years!”- Jason Hommel

“Article of the Week” at Silver Bear Cafe

The Ultimate FREE Silver Investors Guide.

Two of the most common questions I get inside of the Sons of Liberty Academy focus on two things:  how to turn back the tide of this increasingly corrupt system and how to financially prepare for a post-dollar world. This does not surprise me, since fear and greed are the two most powerful motivators known to man. What will surprise you is that for once, the answer to both questions is the same answer.

Buying physical silver is by far the greatest act of wisdom and rebellion any American can and should be doing right now. It is both a Silver Bullet to rebel against the Elite’s corrupt system and a Silver Shield to protect your family and wealth in a post- dollar world. Buying physical silver is non-violent, non-compliant resistance. Most importantly it works outside of the system and it cannot be stopped.

Read the rest of article here…
http://www.silver-investor.com/pdf/2-25-11-TheSilverBulletAndTheSilverShield.pdf

[Letsbereal]

China Imports 245 Tonnes Of Silver In February And Qatar SWF “Interested” In Buying Silver
21 March 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/china-imports-245-tonnes-silver-february-and-qatar-swf-%E2%80%9Cinterested%E2%80%9D-buying-silver

[Letsbereal]

JPMorgan Holding 30,844 Ounces of Silver for Clients
24 March 2011, by Pham-Duy Nguyen (Bloomberg)
http://www.bloomberg.com/news/2011-03-24/jpmorgan-holding-30-844-ounces-of-silver-for-clients-comex-says.html

Excerpt:

JPMorgan Chase & Co., which accepts physical gold as collateral for trading securities, has become a custodian of Comex silver inventories, according to the owner of the New York exchange.

JPMorgan became a depository on March 17, according to Chris Grams, a spokesman for Comex owner CME Group Inc.

The bank had 30,844 ounces of silver eligible for delivery as of March 22, exchange data show.

Total holdings in Comex-monitored warehouses were 104.27 million ounces.

----

“This is further indication that gold and silver are being treated more like a currency,” said Matt Zeman, a market strategist at Kingsview Financial in Chicago.

----

JPMorgan has also been authorized to hold gold, platinum and palladium for delivery against precious metals contracts traded on the Comex and Nymex, according to Grams, the exchange spokesman.


Lindsey says: (not he himself but what he heard from the elite) Comex only has 107 million ounces of silver against 720 million ounces of obligations.

Checked out one thing: Comex warehouse stocks are around 102.76 million ounces as of Tuesday. CommodityOnline 16 february 2011: http://www.commodityonline.com/news/Silver-price-at-30-year-high-36496-3-1.html

And now from Bloomberg 24 March 2011: “Total holdings in Comex-monitored warehouses were 104.27 million ounces.” http://www.bloomberg.com/news/2011-03-24/jpmorgan-holding-30-844-ounces-of-silver-for-clients-comex-says.html

So one could argue that he’s right about those 720 million ounces of obligations too.

[Letsbereal]

Silver Stocks Surge on Record Silver Price
24 March 2011, (GoldAlert)
http://www.goldalert.com/silver-stocks-surge-on-record-silver-price/

Excerpt:

Silver stocks have soared in recent weeks as the price of silver has climbed to a series of multi-decade highs. Early Thursday morning, silver traded up to $38.16 per ounce – a level not seen since the Hunt Brothers attempted to corner the silver market 31 years ago.

The weak U.S. dollar has helped to bolster investment demand for silver and silver stocks. There has been tremendous growth in exchange-traded funds tied to the silver price as investors seek leverage to the precious metals. This demand has taken supply off the market and helped drive up silver as well as companies and produce and explore for the precious metal.

Silver Wheaton (SLW), the largest silver royalty company in the world, has rallied 15% thus far in 2011 and 194% over the past 52 weeks. The company announced updated silver reserve and resources this morning, reporting that they now control 1.3 billion ounces of silver. The bulk of the silver stocks have not been able to match the performance of Silver Wheaton, but some companies have seen strong advances in their share prices in recent weeks. One widely-held silver stock, Silver Standard Resources (SSRI) has gained 10.2% in the month of March alone.

The commodity team at Merrill Lynch highlighted the fact that “U.S. silver coin sales have hit seasonal record highs almost every single month of late.” For investors seeking more leverage to the silver price than that offered by silver bullion, many have turned to silver stocks.

[Letsbereal]

Part 5 – The Silver Saga Story Continues
http://www.youtube.com/watch?v=fzyXn8t0plM

[Amos]

Part 5 – The Silver Saga Story Continues
http://www.youtube.com/watch?v=fzyXn8t0plM

I am listen to the show what does it say in a nutshell

[Matt Hatter]

I am listen to the show what does it say in a nutshell

Nothing new really, just a summary of whats been happening in the world.

[ekimdrachir]

MARCH 23, 2011 - SPOT SILVER PRICE - KITCO.COM - WHERE TO FROM HERE?
http://www.youtube.com/watch?v=zFkYdIx6k2M

[Letsbereal]

Jim Willie: Buy Silver IF YOU CAN GET IT – price not important since silver price will explode later.

March 23rd, 2011. Jim Willie Archived Audio http://www.contraryinvestorscafe.com/jim-willie-radio/

“Nice Work If You Can Get It” http://www.youtube.com/watch?v=I3jX4WhIW6o

[Letsbereal]

Third Largest Producer Of Silver Says Production Is Now "Totally Paralyzed" Following Week-Long Strike
30 March 2011, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/third-largest-producer-silver-says-production-now-totally-paralyzed-following-week-long-stri

In news that should move the precious metals market, we learn that the world's third largest producer of silver (as well as zinc and lead) has announced its production is now totally paralyzed.

From Reuters: http://www.reuters.com/article/2011/03/30/mining-bolivia-sancristobal-idUSN3014449420110330

"A week-old strike at Bolivia's San Cristobal mine has totally paralyzed production and exports of silver, zinc and lead, a union leader said on Wednesday.

San Cristobal is the world's third-largest producer of silver and the sixth-largest producer of zinc, according to Japan's Sumitomo Corp, which owns the mine."

For those who recall basic central planning economics this means that silver should plunge immediately, and should react even more adversely on news that crude supplies in the US are surging.

After all, oil supply demand is far more critical to silver price discovery than the actual supply of a metal that unlike gold, is used in various industrial and peacebringing applications (see Operation Odyssey Dawn).

[Letsbereal]

Silver Set For All Time Record Quarterly Close - Gold To Silver Ratio On Way To 17 To 1 As Per 1980?
31 March 2011, by Bloomberg and GoldCore (Zero Hedge)
http://www.zerohedge.com/article/silver-set-all-time-record-quarterly-close-gold-silver-ratio-way-17-1-1980

Excerpt:

“I want to buy more gold,” said Faber in an interview in Mexico City today.

“Each time that I see Mr. Bernanke, and each time Mr. Tim Geithner opens his mouth, I feel like buying more gold and silver.”

----

Gold and silver have consolidated on yesterday’s gains as inflation, geopolitical and eurozone debt concerns support.

Silver has risen above its 31 year record closing price of yesterday and looks set to target new record nominal intraday highs above $38.16/oz.

[Letsbereal]

Turk - Record Silver Backwardation Spells Danger for US Dollar
1 April 2011, by Eric King (King World News)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/1_Turk_-_Record_Silver_Backwardation_Spells_Danger_for_US_Dollar.html

Excerpt:

“We’re now at a record backwardation in silver in terms of length of time.  I think what we need to do is compare what is happening now to 2009 when silver was in backwardation the last time. 

Over a period of just about two months silver rose 40% from approximately $10 to $14, and that rise in price eliminated the backwardation.”

“But here is the really stunning thing this time Eric, we’ve gone from $27 to over $37, again about a 40% rise in price and the backwardation is still there. 

It hasn’t disappeared.  So what that suggests to me is that there is tremendous physical demand for silver.  This is a very, very rare event and it’s very bullish.