Loading ...Re First Majestic….as bad as it is , it confirms we have serious shorts out there despite nearly $ 50 Silver, who else would smash such good results……
A long time ago I asked a Coffee trader if it was worth shorting Starbucks shares, when the price of Coffee went up big time…..he said the amount of Coffee in a cup, relative to all the other costs, was so negligible, the price rise meant zilch, to it’s profitability.
Silver use will not slow at these prices….for the same reasons, so little is actually in each product, well most thus the shorts are screwed, as demand will not slacken for many, many dollars 10’s of dollars yet.