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Endeavour Silver Corp. Message Board

  • intel_analyst intel_analyst Jan 30, 2011 1:28 AM Flag

    Proof of silver shortage at some dealers

    Thought I would check out for myself these rumors of silver shortages. So I looked at several dealers websites. I did find some shortages that are exhibited in the links below.

    Notice the out of stock where the "add to my cart" would normally be:

    Lots of out of stock items here as well:

    First Majestic usually ships within a couple of days of the time an order is placed. They have posted this message:

    "**Presently we are experiencing a large volume of orders. Shipments will be delayed by 2 - 3 weeks from the date the order has been processed. This includes all Express deliveries."

    Notice that the bulk options are "out of stock":

    Here is what one large dealer has to say about the shortage:

    Notice that you can order on-line for the gold but you have to call for the silver. Why? Likely because they are out of stock:


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    • Look, I'm all for buying physical, but there is no shortage out there. Your link to Gainesville coins shwed evverything I looked at "In Stock". I buy 90% of my stuff here and have never had them say they couldn't get maybe a special edition item, but not maples, eagles or bars.
      BTW, 100oz bars by Englehard and J&M haven't been produced for almost 30 years, so if they say out of stock, which they don't, then that's because no one has been selling them these old bars.
      I have 3 of the 100oz bars and the very first one I bought at $12.20 oz. took 3 months to get......and that was from Austin Coins.
      I just bought a roll of Aussies from Gainesville, along with a Maple Gold for my son. One week it was delivered.

    • intel: I saw this article, thought about your post, and I'm sending it on. Not real sure I understand his rational, but I know you will.
      There is no more silver! Really, there isn’t any left.

      There is a danger lurking in the shadows of the COMEX silver market. Prices are (generally) rising, but the supply of silver is falling, and it’s falling quickly. Why, you ask? Unfortunately, there has been confusion in the paper and physical metals market…as if silver investors hadn’t already noticed.

      Silent Market in Control

      With the rise in silver prices came new speculative interest from bankers, average investors, and even the next-door neighbor. The problem is very simple: the supply of silver for the investing class is imaginary—a product of the banking system and fractional reserve silver.

      In order to supply investment demand, investment banks (JP Morgan and others) have been selling off paper silver in droves, hedging their bets on the futures market, and hoping that no one ever bothers to take delivery. It has become evident, especially in this most recent move toward $30, that the price of silver and the supply of silver are no longer related.

      What we have now is a market where the real, physical silver is flying out of the COMEX (since few seeking to buy real silver are interested in certificates or exchange-traded funds), and the tangible stocks are replaced with paper silver.

      What happens when the market realizes that the well is tapped, there is no remaining silver, and that the positions most hold are diluted to a point that they hold only a small percentage of what they believe they hold?

      Future Surge in Silver Prices

      It has become commonplace for analysts, investors and others to forecast higher and higher silver prices. These analysts, investors, and analysts are 99% wrong.

      Most of them are playing the fool’s game, buying and selling paper silver to accumulate paper. The remainder sees opportunity for silver that brings silver prices higher, and they’re wrong as well.

      Silver prices are not technically rising, but they’re becoming realistic. The current pricing structure is dependent on a supply of silver that does not exist. When this realization comes to life, silver prices will rise, but in truth, prices have already exploded.

      Those trading the COMEX are paying $25-30 for the CHANCE at taking delivery of an ounce. If we put the current, real supply of silver at 10% the open interest, then prices are already $250 per ounce.

      How Disconnects Happen

      In a previous article, we discussed the divergence and growing crevices in the silver market. Prices from the COMEX trickle to the NYSE where the SLV ETF is traded, which then trickles back to the futures market, and then to the average investor, who through his or her own market action, sends that information down to the retail coin shop. Thus, the physical markets on the local level are selling silver based on a price that flows from a crooked market. Is it any wonder demand is high, and supply (individual investors are the only ones who can actually prove ownership) is shrinking? I think not.

      Dr. Jeff Lewis

      • 2 Replies to kikoboercm3
      • Yes yes

        Sentiment: Strong Buy

      • Kiko - excellent article. I am of the opinion, as there is obviously no means to prove it one way or another, that there is some silver at the Comex; however, as the author alludes to the silver that is there is leveraged. The actual percentage of leverage is anyone's guess, but it is probably quite high. This is similar to the situation that we saw with the banks, except that the Comex has the option to settle in cash and so can escape any overleveraging. This game will continue until the CFTC decides to enforce the rules. Call me skeptical that this will happen in the near future.


    • Intel, I checked out the websites you posted and it seems to me that there are plenty of silver coins available.
      I would also recommend that you have a look at this company, they too have silver coins and bars available. They are very good and prompt in their delivery and have the lowest mark-up on their coins and bars

    • Out of 2010 American Eagle one ounce silver proof coins. This has been the first year that I was not able to buy one through the offical web site. Check it out,
      It appears that silver is in demand at the present time.

    • Great post IA

      I wonder if JPM took advantage of the recent downturn to close some of their shorts, or if they waited like greedy ****s for even lower prices.

      A recent poll of analysts as posted on Kitco said they thought silver would average $23 for 2011. Silver produces like EXK are being valued as if silver was about to drop. There is really no frothiness being priced in here for silver miners.

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