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iShares Silver Trust Message Board

  • defcon_dong defcon_dong Jun 27, 2013 4:30 PM Flag

    In the 90s .. many oil companies facing the same situation as Silver miners today.. the price went below total production cost

    Oil price went to $15 when many oil compaines needs $20 just to breakeven... this crisis only lasted for a short period of time.

    If oil price stays at $15, many american oil companies will go under ..

    ..............................

    Bankers are heavily shorted in Silver , Silver below $20 /// I say 99% of most silver producers will go under.. silver supply can easily face a shortfall of 300-500 million oz..

    2013 .. 1 Billion oz Silver Demand and a huge shortfall in Silver Supply... even the bankers cannot keep the silver price down at this point

    What to expect ? The Bankers will push silver price back up to balance the silver supply... the bankers doesn't want to see a massive silver supply shortfall... a real serious silver shortage can send silver price to Mars like $100 oz.. something the bankers doesn't want to see

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