I mentioned that CIBC slammed the silver market and gave my opinion of where
their analysis missed the mark. Tonight as I pen this missive in haste due to
packing and flying requirements early tomorrow, it seemed the best to give a
short introduction on the Silver Slam.
Silver Slam is when the door on buying silver slams shut. Now, before those
thousands of emails come flying my direction let me state that knowing free
market economics there in theory will always be silver for sale at some price
and we cannot run out of silver.
my point is what I concluded with last week namely and I quote... "The
amount of silver that is available for investment is so small, probably 50
million to 100 million ounces at best. That is a pitifully small market,
relative to all the paper that's flying around. And there will be a day like
no other day, when someone is not going to be able to deliver silver to
someone who can make some noise, and when that event takes place it will
probably be pushed aside, looked at askew, and not recognized as the fact
that it is. But eventually the truth will leak out, and once that happens I
think more and more people will start to get much more interested in the
in mind please click on the following video and pay particular attention to
the pie chart that I describe. Basically, about one to two billion dollars is
all it would take to buy up the silver bullion described by me in this video
as "remainder." If that were to take place then for all practical
purposes the door just slammed on the silver market.
Click Here to watch the video
earlier article Silver -- What's Left I stated...
been "Called Out"
I do want
to take a minute to explain about something that some have called or written
me about -- the signoff in my weekly column: "It is an honor to be,
sound egotistical and I gave it a great deal of thought before deciding to
use it. Most, including myself, are not scholars in the use of the English
language. That statement was taken from one of the original patriots, and it
means it is an honor to be (alive), to exist, to be of service to
others, or to be given the privilege of "being" alive. Since it
is followed by a comma, it could apply to anyone -- I'm sure you get the
idea. It is my understanding that Thomas Paine used that complimentary close.
The United States of America has come a long distance from the original intent, yet freedom of
speech prevails, in newsletters like this and across the Internet. In my
view, there is nothing as important as the Free Market of Ideas.
freedom is," said Benjamin Franklin, "there is my country."
freedom is not," replied his friend Paine, "there is mine."
this week I sign off stating...
It is an
honor to be,
The Morgan Report
Mr. Morgan has been published in The Herald
Tribune, Futures magazine, The Gold Newsletter, Resource Consultants,
Resource World, Investment Rarities, The Idaho Observer, Barron's, and The
Wall Street Journal. Mr. Morgan does weekly Money, Metals and Mining Review
for Kitco. He is hosted monthly on Financial
Sense with Jim Puplava.
Mr. Morgan was published in the Global
Investor regarding Ten
Rules of Silver Investing, which you can
receive for free. His book Get the Skinny on Silver Investing is available on Amazon. His
private Internet-only newsletter, The
Morgan Report, is $129.99