iShares Silver Trust Message Board
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As prices continue to crash, buyers are becoming scarce. It's not fun buying silver only to see the value drop the next day. The lower silver goes, the FEWER buyers their will be, and the larger the silver oversupply will grow.
Tulving has silver for .49 cents per ounce - Reply to
Copper/Zinc mines produce 570 million oz Byproduct Silver per year for under .50 cents per oz
by ext4r •May 31, 2013 7:55 AMYep
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Google "Hecla $2.70" to see their most recent year's mining costs
by ext4r •Jun 11, 2013 4:46 PMFact
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Every Bounce Fails In Silver Bear Market Downtrend - Bottom is a long way down
by ext4r •Jun 3, 2013 9:31 AMTrue
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Thousands of former stackers Dumping silver on eBay before crash grows worse ($14 coming)
by ext4r •Jun 17, 2013 10:44 AMYes
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Correct
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US Mint: Gold Sales Plummet 66% in May, compared with April (silver down 15%)
by ext4r •Jun 8, 2013 12:14 PMFact
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Fact
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Demand for Silver is Crashing, While Supplies are Rising Each Year = Massive Silver Glut
by ext4r •Jun 6, 2013 1:02 AMTrue
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The last stage of the Silver Bull Market Was 2 years Ago, when Silver went Parabolic.
by ext4r •16 hours agoFact
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Dealers Drop Premiums Due to Lack of Silver Buyers, now .49 cents (still no buyers)
by ext4r •Jun 17, 2013 9:12 PMFact
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Oil heading to $70s and $60s one way or another (High prices = Killed Economy = Crash)
by ext4r •Jun 14, 2013 9:35 AMreduce driving by 50%
reduce vacation spending by 50%
reduce frivolous purchases by 50%
= KILLS oil demand -
World Economies Can't Afford Oil above US $70
We've reached PEAK OIL-DEMAND, even while finding more and more excess oil supply.
Prices (temporarily propped up by Ben Bernanke encouraging speculators) will be FORCED to crash, one way or another. Current too-high prices are killing world economies and killing demand growth, while those current too-high prices have stimulated too-much exploration and too-much production.
Peak-Oil isn't a problem.
Peak Oil-Demand is the real problem for oil.
We're heading down to $70 (and lower) one way or another, as Ben Bernanke's attempts to prop-up the economy, fail sooner or later.
Don't forget that current producers like the mega-giant BP can produce oil for $13.91 per barrel, so prices have a VERY long way to fall before production is curtailed -
As the economic slowdown gets worse, oil prices will plummet. Prices can approach the Cash Cost per barrel before producers stop producing.
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Dealers Drop Premiums Due to Lack of Silver Buyers, now .49 cents (still no buyers)
by ext4r •Jun 17, 2013 9:12 PMtrue
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The last stage of the Silver Bull Market Was 2 years Ago, when Silver went Parabolic.
by ext4r •16 hours agocorrect
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Demand for Silver is Crashing, While Supplies are Rising Each Year = Massive Silver Glut
by ext4r •Jun 6, 2013 1:02 AMfact
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Dealers Drop Premiums Due to Lack of Silver Buyers, now .49 cents (still no buyers)
by ext4r •Jun 17, 2013 9:12 PMcorrect
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Demand for Silver is Crashing, While Supplies are Rising Each Year = Massive Silver Glut
by ext4r •Jun 6, 2013 1:02 AMyep
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true