Read it understand it accept it a huge shortage of silver is brewing....
Putting it all together...
While it's clear that The Banks on The Comex are desperately feeding new paper contracts to The Specs in an effort to contain/restrain the gold price, at least there has been a coincident rise in the physical collateral backing the paper contracts. In silver, where the situation is equally tenuous, The Banks are issuing new paper contracts without conjuring up any additional physical collateral. The Banks are simply adding additional leverage to an already-teetering system and, in doing so, have extended their potential delivery liability to 120% of total global mine supply. (Actually, if you take out China's 150,000,000 ounces of annual production that's NOT for sale, total global silver production falls to 730,000,000 ounces and the liability rises to 145%!)
Rather than weakening, the Japanese currency has climbed in the past year because investors see it as a haven along with government bonds, silver and gold. That’s meant the price of the metal in yen has dropped 2.5 percent over that time even as bullion denominated in dollars has strengthened 17 percent to $1,357.54 an ounce.
The surging yen hasn’t stopped some commentators from predicting a collapse. Yukio Noguchi, a university professor and former Ministry of Finance official whose business books are best sellers, envisages a scenario in which a failure of the country’s economic stimulus could drive the yen to weaken beyond 300 per dollar. That compared with about 101 yen on Friday.
Yukio will, of course, be right in the end.
According to BullionVault, the Japanese investors range from wealthy older businessmen who have experience working abroad and want to shelter their assets, to younger people and women seeking a haven because of increasing global economic and political risks, especially after the British vote to leave the EU. BullionVault sees similarities between the behavior of Japanese investors and their overseas peers, Whitehouse said. Most of its U.S. customers keep bullion abroad because they fret about the risk of confiscation, which happened during the Great Depression in the 1930s. Half of its British clients store their gold overseas, she said.
I believe there is a huge shortage of (available physical) gold. You have had many people comment on that -- Andrew Maguire over in London, who talks about all of the delays in shipments from the the LBMA, and people commenting that perhaps there will be a COMEX failure to deliver."
in addition lead is up and with the supposedly strong economy then silver demand is rising for industrial use.
I also hear there is a shortage of (REAL) silver occurring...
what this means is that the pros are buying miners as they know gold and silver prices are going to rise and they can get more mining shares if they buy when gold and silver are down as weak hands sell the shares to them...
many to buy expensive coffees at sbux but now the market as not risen for more than 1 year..
in addition the move to Amazon dropped at your door delivery is making people stay at home and avoid malls and retail locations where they must go to get high margin sbux coffee
you will see the results of my anecdotal evidence on July 21 after the market closes...
You better have a few lattes ready with brandy in them as you will need them imo..
is doing accumulating or distributing SBUX ?
the market is speaking to you..
are you listening ?
wait till you see sbux earnings and forecast...
49 is my expected target
lets see if I am right again..
I will reference this post to prove to you I know what I am talking about..
56.59 is current sbux price for reference purposes..
Hecla Mining Co. (HL) -NYSE 5.85 Up 0.19
Starbucks Corporation (SBUX) -NasdaqGS 56.53 Down 0.38(0.67%) 9:41AM EDT
Did anyone listen to me ?
Still not too late to get in as silver is still dirt cheap !
I hope you did too !
my my my !!
if the economy is doing better (if you believe the numbers) more industrial use for the white metal a win win for Hecla !
good let the weak hands sell and strong hands will ensure steady gains.
An article on Kitco says silver may either rise of fall if they raise margins if there is some big shorters in trouble it will rise...
this is scary it can happen. so many times the unlikely think occurred to topple giants...
leverage like this is like trying to pick up nickels in front of a streamroller....
I am here don't worry SBUX is dead in the water, up 16 cents today lol !
and down 16 cents ah !
hecla was down 10 cents on consolidation and fact that the ice raised margin requirements.
If it pulls back tomorrow on stronger than expected jobs number you would be wise to buy some.
You won't but you will remember I told you this and you could have made some money instead of losing it slowly in SBUX..
as long as it works this will become a 50 dollar stock like csco aapl msft so many others that hit the jackpot...
This will shave at least .80 cents of ANNUAL profits from 5.55 estimate brining it down to 4.75 !
This makes mcd pe ridiculous 25 times earnings or almost 2 times the historical pe of 14-15 !
4:18 pm McDonald's expects to incur charges of $235 mln pretax or ~$0.20/share on after-tax basis for quarter ending June 30 relating to previously refranchising and G&A initiatives (MCD) : On a recent investor conference webcast, the Company indicated that it expected to incur strategic charges in the second quarter related to these initiatives. Going forward, the Company expects to incur additional strategic charges in connection with these ongoing initiatives. Further details regarding these charges for the second quarter will be provided during the Company's regularly scheduled earnings conference call later this month.