There was a time when we stocked piled silver to make war. 1940's. We had so much we decided to draw down by minting coins. We now buy silver from abroad to mint our coins in the US.
As the years passed we have learned that the draw down was a big big mistake; as silver is used in so many more applications than for war.
So what will the government do now that we are in this catch 22 major metals pickle? At its own hand...
MACD at an all time bottom for the metal = way way way oversold, with tremendous hush hush pressure on the actual resource.
We are "bout to blow the lid off this muther..".
And their are still Joe retail short miners running around these boards, about to get their ASK handed to them...
No mercy, no prisoners...
Sentiment: Strong Buy
200 million ounces to be exact. Mint now has to do strikes when they can get the silver to actually purchase.
Silver will also be first element to be esentially considered to be extinct.