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i got this in an email from my silver mint i use
The amount of Paper Silver being used to drive down the price right now is HUGE! In the last two days 5,790,000 contracts @ 5000 Ounces per contract = 28 Million Ounces. The annual mined supply globally is 70-80 Million Ozs only and we've just seen 16% of the US annual supply collapse in the mine in Utah. Just in the time its taken to draft this post, 30,000 contracts have been added. THE BANKSTER PANIC RIGHT NOW IS AT RECORD LEVELS. The aim here is under $22 perhaps even under $20. And over at eBay.com.au right now 1 Oz Kooks are selling for $45. Thats a $23 premium. WOW!!! Contract count is now up to 5,908,000. Better post this before it hits 6,000,000 :-)
What sucks is im in a sell position right now. I am selling off half my silver ( well maybe not now ) on the 1st
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