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Surely this is a mistake? $737.10!!!

 

silver.gif

 

Ladies and gentlemen, the gsr has gone 1:1. :lol:

Ah because silver has fallen so low, a new scale is needed.

 

Thats 737.10 cents :(

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Any chance you could summarise a bit, Pixel8r?

 

Basically Jeffrey Christian, Founder of CPM Group, thinks silver will average $18 an ounce over the next 10 years. A bullish outlook for silver on the demand side and supply side. There has been enormous demand for physical silver and at the same time de-leveraging has caused the paper market to massively sell off. Physical silver is getting very hard to get, there are signs of increased people taking delivery off the comex market. The price should get up to $20-$24 and stay there, due to demand and lack of supply over the next few years.

 

His reasons for being bullish on silver for next decade are;

 

1 - Investors are going to be very keen to hold silver for many years to come. They are going to want to add to their holdings not sell them.

 

2 - Industrial uses of silver are going to remain very strong and we are going to see new uses, including biocides, electronics and batteries, which will lead to a sharp increase in industrial demand. Fabrication demand should increase by 5% a year, even with the drop off in photographic use.

 

3 - Supply is price inelastic, the fall in base metal prices had lead to delays in production. Silver is mostly mined as a byproduct of copper, gold & zinc mines. With the fall in prices and the credit crunch the mines are being delayed, they just can't get finance.

 

What has been biting on the down side can also bite on the upside, we should very large price spikes soon. Electricity is going to become the desired method of delivering energy over the next decade, which is very bullish for demand for silver. Over the late 80's and 90's the shortfall in supply of silver was being made up from existing silver inventories.

 

We could see a liquidity squeeze in late november, which should case a spike up in prices, due to the short levels on the dec contracts.

 

It is good to hear the fundamental reasons for being bullish on silver. :D

 

 

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Surely this is a mistake? $737.10!!!

 

silver.gif

 

Ladies and gentlemen, the gsr has gone 1:1. :lol:

 

A glimpse of a silver short squeeze and comex default....

 

[VW/Porsche event]

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Colloidal silver

 

Silver is a very good anti-biotic but don't over do it, have a look at the Blue Man

 

Some years ago I had a fair bit of plastic surgery.

 

The tissue transplants kept breaking down (granulation IIRC).

 

I was given a stick (bit like lip salve) of Silver Nitrate and applied this myself whenever I noticed things going a bit wrong.

 

Amazing results, the skin appeared to heal overnight.

 

A fascinating substance indeed!

 

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OK party people...didn't think silver would go below 9 before. I was wrong.

 

Seems to be a pattern emerging here:

 

15h6km.jpg

 

Will look to get in at 7.5 or 6.5. Staying away from all this paper volatility and preserving cash...

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Dont get beat up over the silver paper price.

 

£ has dropped 26% vs $ in the past year.

 

And the debt that Brown wont tell you about but only "we are well placed to weather this crisis" mantra.

Daily Mail piece exposes the truth, that in the UK each person owes £156,000 each.

 

Add to your positions!

 

 

I Cant find the article online, but I found this instead

 

I like this

 

Property crash is so bad even the 'For Sale' signs aren't selling

 

http://www.dailymail.co.uk/news/article-10...nt-selling.html

 

article-1085799-02788693000005DC-386_468x340.jpg

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Rigged markets are ALWAYS side stepped in the long run.

 

COMEX is a disgrace and will blow up in smoke soon.

 

http://www.firstmajestic.com/s/NewsRelease...nancial-Results

Fri Nov 14, 2008

Third Quarter Financial Results

 

FIRST MAJESTIC SILVER CORP. (FR-T) (the "Company") is pleased to announce the unaudited financial results for the Company's third quarter ending September 30, 2008. The full version of the financial statements can be viewed on the Company's web site at www.firstmajestic.com or on SEDAR at www.sedar.com.

 

....

 

In Summary

 

Equally important to increasing silver production is further reducing costs and expenses where possible. The 2008 operating year thus far represents a year of high costs as a result of the Company's pursuit of aggressive growth based on the expansion of its operations and Resources. In addition, the Company has been negatively impacted this year by higher Peñoles smelter charges, especially on its lead and zinc concentrates. Management is pleased by the many cost cutting measures underway, and it is believed that further improvements in profitability can be achieved and additional improvements are expected going forward as the Company takes additional measures to reduce costs.

 

Finally, in this turbulent financial and commodity environment, First Majestic has been reacting by cutting costs where ever possible. Due to the mill improvements ongoing this year, mill throughput at each operation has now reached full capacity which is resulting in a more efficient use of equipment and machinery. The Company is continuing to analyze various options to reduce its operating costs and to squeeze out the most optimum margins possible. One example which is proving to add substantial value is management decided to mint 99.9% pure silver into coins, ingots and bars which are actively marketed on the Company's web site. Interest levels for these products are extremely high and are beginning to represent substantial revenues for the Company. These products tend to sell at substantial premiums to COMEX spot prices. It is anticipated that these sales of refined silver products will represent approximately 10% of the Company's silver production by February 2009. The Company is also exploring other ways of selling its silver outside of the normal avenues of commercial sales.

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Finally, in this turbulent financial and commodity environment, First Majestic has been reacting by cutting costs where ever possible. Due to the mill improvements ongoing this year, mill throughput at each operation has now reached full capacity which is resulting in a more efficient use of equipment and machinery. The Company is continuing to analyze various options to reduce its operating costs and to squeeze out the most optimum margins possible. One example which is proving to add substantial value is management decided to mint 99.9% pure silver into coins, ingots and bars which are actively marketed on the Company's web site. Interest levels for these products are extremely high and are beginning to represent substantial revenues for the Company. These products tend to sell at substantial premiums to COMEX spot prices. It is anticipated that these sales of refined silver products will represent approximately 10% of the Company's silver production by February 2009. The Company is also exploring other ways of selling its silver outside of the normal avenues of commercial sales.

Great news and wise move by the company's management

 

fraudsters bypassed

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One example which is proving to add substantial value is management decided to mint 99.9% pure silver into coins, ingots and bars which are actively marketed on the Company's web site. Interest levels for these products are extremely high and are beginning to represent substantial revenues for the Company. These products tend to sell at substantial premiums to COMEX spot prices. It is anticipated that these sales of refined silver products will represent approximately 10% of the Company's silver production by February 2009. The Company is also exploring other ways of selling its silver outside of the normal avenues of commercial sales.

 

It should also mention that management were strongly advised to pursue this avenue by CC and, on discovering the success and popularity, are now taking on new staff to handle sales.

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It should also mention that management were strongly advised to pursue this avenue by CC and, on discovering the success and popularity, are now taking on new staff to handle sales.

 

Nice one!

 

That's like a licence to print money at the moment! ;)

 

 

 

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Has anyone read Howard Ruff's Little Book of Big Fortunes in Gold & Silver? [writer of the Ruff Times] He said back in 2006 that the miners will have a licence to print money...

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It should also mention that management were strongly advised to pursue this avenue by CC and, on discovering the success and popularity, are now taking on new staff to handle sales.

wow, that's great.. all I can say is watch out for the CIA hit-squad coming your way! TPTB won't like it one bit!

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One example which is proving to add substantial value is management decided to mint 99.9% pure silver into coins, ingots and bars which are actively marketed on the Company's web site. Interest levels for these products are extremely high and are beginning to represent substantial revenues for the Company. These products tend to sell at substantial premiums to COMEX spot prices. It is anticipated that these sales of refined silver products will represent approximately 10% of the Company's silver production by February 2009. The Company is also exploring other ways of selling its silver outside of the normal avenues of commercial sales.

 

Just been to First Majestic website to see for myself. They are selling silver coins today, at $14 per ounce ($4.50 over the comex spot price), and they are selling out. They only have proof coins left, at even more over spot.

 

Take a look; http://www.firstmajestic.com/s/OrderForm.asp

 

Looks like they will ship most places.

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