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re: Anyone buying SLV?
Posted on 5/12/14 at 5:55 am to cave canem
Posted on 5/12/14 at 5:55 am to cave canem
quote:
I believe mining capacity was ramped up in the last few years as the price of silver made mining more economically feasable, now that some of the big money is heading out of metals it has created spare capacity or overstock and is on sale to use simple terms I can understand. Either way it can't hold, either the buying slows down or the price rises or some combination of both.
Interesting. That's good to know if true. Sounds like Nat Gas over the past couple of years. Has to go up eventually. Just a matter of time.
ETA: haven't bought any yet, but seriously thinking about it this week
This post was edited on 5/12/14 at 5:56 am
1
Posted on 5/12/14 at 6:40 am to kennypowers816
Mining capacity goes up and down all the time. It's really mine specific and about their all in cost per oz. Also, a lot of times silver is a by product of other mines.
I actually think the smart money is back in PM's per the COT reports and COMEX withdrawals. Why is the question. Someone pick up the phone and call JPM, they're known to tell the truth.
I actually think the smart money is back in PM's per the COT reports and COMEX withdrawals. Why is the question. Someone pick up the phone and call JPM, they're known to tell the truth.
This post was edited on 5/12/14 at 6:42 am
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