Any of you good folks participating in the May 1st physical stacker buys?
The thought is with one collective huge push in buying the physical, it will force some kind of collapse and end to this price discrepancy.
As for the fate of miners, these paper prices suggest acute lack of profitability. The cure is easy. Don't sell to who ever you sell to for the "fixed" price, sell to a real market. Their are discrepancies in the 40% over spot range for silver now, and they anticipate gold premiums going to like $500 over spot shortly.
This whole orchestrated take-down has done just what I thought it might, create a huge unintended consequence.
There is a Black Swan on the horizon, that may very well be the first "telegraphed" Black Swan in the history of Black Swans. (Oxymoron at its best I know :) ).
Great suggestion newscentral, but unfortunately , day traders will work hard to buy at the bid or lower. And we have seen some of the results of that lately....the manipulation of steadily driving the pps down, down, down. Like beastinem, I am certain this isn't the highest price we will ever see again for EXK, so while I don't like the current pps, I am not selling. Been buying more though at these fire sale prices!