The Phaserl


The “Price” Is Being “Made”

by Bill Holter, Miles Franklin:

I wrote an article titled “Kill Switch” a couple of weeks back where I hypothesized the Chinese are the ones behind the very high (and very curious) open interest in COMEX silver, I want to revisit this.  I want to revisit this because of the action this past week and this past Thursday in particular.

Silver dropped almost 50 cents on Thursday and broke through the $19 level to the downside.  Please remember that silver has a global “all in cost” of production somewhere near $25 per ounce so these prices will only augur for much less supply.  “Supply” in this case is REAL supply of raw silver to be used for electronics, solar panels, jewelry, investment etc.  Common sense tells you if you must sell your product for a loss you will either sell less of it, not sell any of it, or sell all that you can for cash flow and go bankrupt …supply will dry up.

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