Sunday, January 30, 2011

Silver bars likely to be gone within days, dealer tells King World News

Bill Haynes of CMI Gold and Silver was recently interviewed by King World News.  The topic of discussion the extreme tightness in silver.  The hundred-ounce silver bar which is the most popular for silver investors will likely be out of stock within days.

What we have been discussing for months is becoming reality, we are seeing shortages in physical silver.  As paper prices are pushed down physical demand spikes much higher, nothing has changed on the global debt scene.  It is amazing to watch bullion banks making the same mistake over and over again.  The problem is pushing spot price down with massive naked short positions is the only strategy available for the bullion banks.  Long term the physical market will win this fascinating battle.

Full Article Here

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