Just a quick heads up on the silver market I’ve been watching.

 As of the last hour, silver’s official price on COMEX, the US market, just went over $90/oz, which is crazy, BUT, in Shanghai, the WORLD’S marketplace, where silver is actually DELIVERED, the price is over $101/oz.

Normally, this would be a yuuuge arbitrage situation, BUT, there isn’t enough physical silver available in the US ‘paper market’ to do the exchange, so markets are upside down, with no indication of change.

This doesn’t mean there won’t some price fluctuations, (buying opportunities), because nothing moves straight up, but the overall trend is unmistakable. China has restricted silver sales out of the country and is actively buying and stockpiling available inventory, to keep their industry and military supplied.

BTW, an easy way to trade/profit here is the stock SLV, iSshares Silver Trust, which actually HAS physical silver, over five million ounces, (the largest silver horde in the US), and sells shares. It was at $68 last week when I last bought, a couple weeks ago, and is over $80 now. Also, Monex is a longtime silver/precious metals market which can still send out physical silver in many forms, including Silver American Eagles, and will buy them back, at prices that are posted on their website.

You’re welcome…

Interesting site here, with AI Asian guy—https://youtube.com/watch?v=DgB5_ri0K1w&si=XmeF1cI6PxMP4SNq

Comments

Post a Comment

Popular posts from this blog

Guest columnist

Because I'm sorta stuck in an Anti-Bush rant.. http://www.youtube.com/watch?v=D99NHb6B03s Can you imagine all those rapper stars with these things? Of course, they'd have to have theirs with 'da bling! Can't be standard, gawd no! And of course, Britney's gotta have one in her car. Paris with her pooch totin' one on the red carpet at some fete. The boys in 'da hood will have a field day on their daily drive bys. P Diddy will wear his on a chain around his neck. You suppose there will be special pockets made in jeans for these things? Trailer trash folks will have 'em camouflaged. Jeff Foxworthy will have to come up with some fresh Redneck stuff. Think George W. will get one, each for the twins? Don't forget Dickie boy for those spur of the moment huntin' trips. Of course Ma Babs will have hers with pearls. Think it will affect the Royals? I can imagine Charles and Camilia on their fox hunt...........ah yes, and Prince Philip, too, must include the...
Read more

Not sure why,

Image
BUT, am still wearing the necklace. Has been a tradition, for over 30 years, to wear the necklace, 'for awhile', until I lose the feeling, of the beach, in Mexico. Can't say why, but, still have it on. "Tis a sad day, when I take it off, and am not ready to go there, yet. Don't ask. 'Tis an old tradition...
Read more

You think the Repub brand is tarnished now?

Image
Just wait 'til Bonehead leads us all over the cliff, to save his 2% buddies having to pay a little higher tax. The Pubs keep thinking the American public is stupid, and they can get away with their phony political crap. They keep forgetting we're not all a bunch of FOXNews sheep, who'll swallow whatever swill is shoveled to them. A once proud party, like a beast in it's death throes, striking out to harm whatever's close, threatening to shut the gov't down, (again), over the debt limit, which is just paying the bills they already ran up. Political hacks, pretending to be patriots. So sad...
Read more