Loading ...Apparently $80 silver brings enough supply from investors, hoarders, and Mom and Pop, and/or mines and refiners can suddenly produce more, so that the industrial demand from all the diverse sectors and processes can be satisfied or switched to alternative materials virtually overnight. And the stories of shorts for decades were all lies or they have all quietly covered. And Comex must somehow have access to all they need to satisfy any requested deliveries, or they never were seriously short (more lies).
Wow, crisis averted!
Surely at least some miners will now be able to turn reasonable profits for a while if it stays as high as 70-80, or at least 60.
Industry is safe so the economy is safe from any significant price increases due to rising silver prices, and the big banks are safe so there will be no silver-caused inflation due to the Fed creating ‘money’ to bail them out of shorts. And the US and China won’t need to squabble over silver availability.
I have actually worried sometimes that the effects of all the reported stresses could get ‘out of hand’.
But now, no worries!