by Rory, The Daily Coin:
For the past three plus years I have been asking how silver and gold have always been available when we can see stress in the markets all through the supply chain. According to several prominent analyst, and producers, global silver and gold production declined in 2015. In Mexico alone silver production is down approximately 6%. According to some of the information that we reviewed, here at The Daily Coin, silver production increased due to the low price of silver.
Silver has become a just-in-time product. With Eric Sprott, Sprott Assets, recently announcing a $5 billion addition of physical silver to the PSLV ETF we shall see what is happening with the silver market at the institutional level.
Keith Neumeyer also explains how a large electronics manufacturer recently contacted his company, First Majestic, regarding the acquisition of silver for their manufacturing processes. This screams of a very, very tight supply of silver in large quantities. Where is metal coming from?
I sat down with Keith Neumeyer, CEO, First Majestic and Chairman, First Mining Finance, to get his take on Duestche Bank admitting to rigging the silver and gold markets and naming both HSBC and Scotia-Mocatta as being involved with the scheme. The important part is Duestche Bank naming other bullion banks as being part of the scheme.
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