Physical silver demand was UP big in 2013. Ironically, physical silver production in Canada has dropped significantly in 2014.
Meanwhile, long time precious metals uber villain Jeffrey Christian is out with the 2014 CPM Group Silver Yearbook [priced at $150!!] which once again distorts the FACTS in service of the longtime Bankster narrative that silver in PHYSICAL form is abundant, easy to mine and of little real value. David Morgan from Silver-investor.com joins us to dissect the SILVER LIES.
UPDATE: David Morgan was contacted by Jeffrey Christian and he wants to share the following with SGT Report readers:
Dear SGT Report viewers, I, David Morgan received a phone call from Jeff Christian managing partner of CPM Group on May 14, 2015 regarding my recent statement on SGT report. Jeff informed me that CPM has always stated coin fabrication as Investment Demand. The article that I based my comments upon was cited to CPM Group to clarify that my statement was not merely off the cuff. Also, I’d like to share this info which will be going out to our free list…
This is where we usually answer a question from one of our readers… Q: David, What are your thoughts on the fact the silver fix will end in mid August?
Comment- I will reserve full comment for now, but let me link two views for you to read and ponder.
The first is from Zero Hedge: The End (of the Silver Fix) Is Nigh
The author Keith Weiner suggests the spreads will widen, and I think this is most likely the case, but again let me watch the market and see what develops.
As far as the silver market being “freed” this it not how I see it because so much activity in silver (gold too) is done in the unregulated OTC (Over the Counter Market) and primarily with the bulk of the silver market being produced by those that really care very little about silver. That is those polymetalic producers that produce 70% of the silver supply and care about the price of lead, zinc, or copper, but silver means nothing more than a credit to their mining costs. They are happy to deal with those producing derivatives and thus the price is privately determined, not determined in the open market.
Here is a video of Jeff Christian on the topic: Silver Fix Gone, Is Gold Next? – Jeff Christian
Is a computerized fix coming as Jeff suggests? Time will tell.
SGT report –Thank you for providing this memo to your readers/viewers.