I'm not doing a CRIMEX update tonight, as I feel the data is fraudulent, and late, so I'm assuming they are trying to see how to pump us.
I want to hone in on the SLV problem, in particular, there ability to get physical silver. Either, there is a HUGE discrepancy in the ishares 'acquisition' definition, or they have 1000 raccoons out nightly scrapping through garbage bins gathering 1000 oz silver Bars.
Lets first list some notable mints that have listed public statements that they are having trouble finding physical silver.
1. Canadian Mint
2. US Mint
3. Sprotts PSLV
So. I'll keep this simple, short and to the point. The Canadian mint, yes that vast land-space with endless supply of lumber, OIL, and asians in Vancouver, cannot find silver. The US Mint, yes the best country in the world cant get a hold of silver. And Sprott, the only man with a SAC between his legs, has come out numerous times saying it was difficult to get his metal, and cannot allocate more metal now. None. The Mines are dry.
So is this all a big conspiracy to get the sheep long in Silver? Possibly. About as possible as the Ben Bernank converting to Christianity. So doubtful to say the least.
Whats amazing about the SLV fund is its speedometer in which it can allocate silver bars overnight. In the last 48 hours, SLV added 5.65 million ounces. I mean, thats not like bumming a cigarette, for example.
So like I said, short and sweet. How on chairsatan Bernank's green earth can they
A. Find the metal
B. Ship the metal
c. Sort the metal
D. Audit the metal
E. And lie about the metal in such a sort time frame?
It took Eric Sprott, the owner of silver mines 2 months to get 6 million ounces. How does it take 48 hrs to get it for SLV?
Suggestion box is below...or maybe I just dont understand the allocation logistics of SLV.