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WEBDA IS NOT THE ONLY CRM APPLICATION FOR HANDHELDS.eom
(13) WELLS DRILLED > WHAT SHOULD BE 13 GFCI WELLS DRILLED > THE FLEECING CONTINUES......
MSITF: To Begin Supplying VScan HIV Rapid Test Kit to Retail Outlets in India
Medical Services International Inc (MSITF) announced that it will begin supplying the VScan HIV rapid test kit to retail outlets in India. The kits will be supplied from the Company's assembly plant in Amstar, India. The distributor for India has indicated that the retail outlets will require up to 700,000 VScan HIV test kits in the first year. In addition to the VScan HIV test kits, the VScan TB test kit is being evaluated for regulatory approval.
_____
Medical Services Receives Excellent Independent Test Results in India.
Medical Services International Inc., (Pinksheets: MSITF) is pleased to announce that it has received the independent test results back from India.
Based on the results obtained in the independent testing, the Company's Exclusive Sales Agent in India -- Global Connect Technologies has signed a distributor...
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VScan test kits shipped to India, Thailand
September 8th, 2003
Medical Services International, Inc., (MSITF) said that, as a result of its recently signed sales agreement with Global Connect Technologies Corporation for India and Thailand, that the VScan rapid test kits have been shipped to both countries for testing by regulatory agencies.
It is anticipated that the results of the testing will be received within 3 weeks and that they will reflect the excellent results achieved in other countries that resulted in approval of the VScan test kits. Medical Services looks forward to working with the regulatory authorities in both countries and introducing the VScan rapid test kit into these two important markets.
_____
Medical Services Increases Production in Third Quarter
Nov 29, 2005 | 388 words , 0 images
The Company has indicated that it has the capacity and has agreed to supply the additional kits. Production will be completed out of the company's India facility.
_____
ENOUGH SAID?!
World Bank, India to Probe 5 Health Projects
By Anthony Faiola
Washington Post Staff Writer
Saturday, March 15, 2008; D01
The World Bank and the Indian government have launched official investigations in response to an internal bank report that found "serious" incidents of fraud and corruption in five bank-financed health projects in India.
The findings in the report, released in January by the World Bank's internal investigation arm, include possible bid-rigging in a bank-funded program that may have distributed faulty HIV-test kits to clinics and blood banks in India. Although the bank did not specify which allegations it would probe, its board Thursday agreed to work with the Indian government to conduct independent procurement audits.
The bank said it would launch nine separate investigations that could lead to broad institutional revisions of how its programs are monitored and conducted. The government of India also referred three related cases to its Central Bureau for Investigation.
"We take these indicators of fraud and corruption extremely seriously," World Bank President Robert B. Zoellick said in a statement. "Working with the Indian authorities, we will take action against those responsible, including debarment and sanctions against firms and individuals from doing business with the Bank and disciplinary action against bank staff if warranted."
Critics said the case has highlighted a history of lax oversight on a number of World Bank projects. Yesterday, some of them took aim at the bank for a slow, convoluted response to allegations of corruption in the India projects.
The report, published by the bank's Department of Institutional Integrity, reviewed funds for five projects, some dating back to 1997, to combat HIV-AIDS, malaria and tuberculosis. Some of the most notable findings involved programs aimed at preventing the spread of HIV, the virus that causes AIDS, including funds for HIV-test kits.
The report noted that five medical facilities in Mumbai that received HIV test kits from one supplier hired by the Indian government and paid with World Bank funds had complained in 2004 and 2005 of high rates of false negatives and other invalid results. After reviewing data on test-kit use, the examiners determined that "some of the test kits supplied by particular companies often performed poorly by producing erroneous or invalid results, potentially resulting in the further spread of disease or in the wastage of blood."
In addition, the examiners found evidence of corruption. The review showed one supplier had won a test-kit contract even though the firm appeared not to have complied with technical specifications, had submitted apparently fraudulent documents and was not the lowest bidder.
The findings appeared to lend credence to warnings from Kunal Saha, a physician specializing in AIDS retained by the World Bank to review some of those programs last April. After his trip, Saha said he had brought evidence of faulty test kits to the attention of both Indian and World Bank officials in May. Of particular concern, he said, were high rates of false negatives, which posed the risk of tainting blood supplies and failing to notify HIV-positive patients of their conditions.
"But nothing was done," said Saha, a self-described crusader who founded a patients' rights group in India after the death of his wife there in 1998 from what he says was medical negligence. In recent months, he has worked closely with the Government Accountability Project, a Washington nonprofit group, to press the bank on faulty HIV test kits in India. "Everyone did everything they could to ignore this," he said.
World Bank officials said that following Saha's claims, they hired a consultant late last year from the Centers for Disease Control and Prevention to review the data. The consultant's findings, the officials said, did not support Saha's opinion that the kits were faulty. In a news release dated Dec. 14, 2007, and distributed in India by health authorities there, Saha's findings were directly refuted. The statement said there was "no evidence of use of poor quality HIV test kits in India."
Despite the examiners' findings, Kees Kostermans, the bank's lead public health specialist for the South Asia Region, refuted claims that some patients tested with some kits in India may have received false results, and said yesterday that he remained confident that the HIV test kits were not faulty. He cited a second outside consultant, Australian HIV expert Elizabeth Dax, who was contracted for a further program review in January. Her review, Kostermans said, indicated that the problems with false negatives were a result of human error rather than with the kits.
"There is no evidence in the data that we reviewed that any patients were given a final false negative HIV results," he said.
Kostermans said the World Bank had received notification from the Indian government that all of the kits in question had stopped being used in 2006. But Saha said he uncovered evidence last April that the kits were still being used in at least one hospital.
Medical Services Receives Excellent Independent Test Results in India
PRNewswire - August 20, 2003
--------------------------------------------------------------------------------
EDMONTON, Alberta, Aug. 20 /PRNewswire-FirstCall/ -- Medical Services International Inc., (Pinksheets: MSITF) is pleased to announce that it has received the independent test results back from India. The test results showed that the VScan rapid test kit for HIV 1&2 was 100% accurate.
Based on the results obtained in the independent testing, the Company's Exclusive Sales Agent in India -- Global Connect Technologies has signed a distributor agreement with a large pharmaceutical company with an excellent distribution network throughout India. Based on their own initial market research results, the results of the testing of the VScan test kit and the ease of use of the VScan test kit, they estimate that the market potential for the VScan HIV test kit is 1,000,000 test kits per month.
The registration process in India is going smoothly. The endorsement of the pharmaceutical company and their independent testing will be very helpful in this process. Medical Services anticipates that the process can be completed within 45 days.
MSITF PRs on test kits sales to India should be reviewed > IMPO MSITF is involved in this HIV test kit corruption, false documents, faulty kits and rigged bids,IMPO. This fits the CEO Talbut way of doing pinksheet bidness, IMO
World Bank, India to Probe 5 Health Projects
By Anthony Faiola
Washington Post Staff Writer
Saturday, March 15, 2008; D01
The World Bank and the Indian government have launched official investigations in response to an internal bank report that found "serious" incidents of fraud and corruption in five bank-financed health projects in India.
The findings in the report, released in January by the World Bank's internal investigation arm, include possible bid-rigging in a bank-funded program that may have distributed faulty HIV-test kits to clinics and blood banks in India. Although the bank did not specify which allegations it would probe, its board Thursday agreed to work with the Indian government to conduct independent procurement audits.
The bank said it would launch nine separate investigations that could lead to broad institutional revisions of how its programs are monitored and conducted. The government of India also referred three related cases to its Central Bureau for Investigation.
"We take these indicators of fraud and corruption extremely seriously," World Bank President Robert B. Zoellick said in a statement. "Working with the Indian authorities, we will take action against those responsible, including debarment and sanctions against firms and individuals from doing business with the Bank and disciplinary action against bank staff if warranted."
Critics said the case has highlighted a history of lax oversight on a number of World Bank projects. Yesterday, some of them took aim at the bank for a slow, convoluted response to allegations of corruption in the India projects.
The report, published by the bank's Department of Institutional Integrity, reviewed funds for five projects, some dating back to 1997, to combat HIV-AIDS, malaria and tuberculosis. Some of the most notable findings involved programs aimed at preventing the spread of HIV, the virus that causes AIDS, including funds for HIV-test kits.
The report noted that five medical facilities in Mumbai that received HIV test kits from one supplier hired by the Indian government and paid with World Bank funds had complained in 2004 and 2005 of high rates of false negatives and other invalid results. After reviewing data on test-kit use, the examiners determined that "some of the test kits supplied by particular companies often performed poorly by producing erroneous or invalid results, potentially resulting in the further spread of disease or in the wastage of blood."
In addition, the examiners found evidence of corruption. The review showed one supplier had won a test-kit contract even though the firm appeared not to have complied with technical specifications, had submitted apparently fraudulent documents and was not the lowest bidder.
The findings appeared to lend credence to warnings from Kunal Saha, a physician specializing in AIDS retained by the World Bank to review some of those programs last April. After his trip, Saha said he had brought evidence of faulty test kits to the attention of both Indian and World Bank officials in May. Of particular concern, he said, were high rates of false negatives, which posed the risk of tainting blood supplies and failing to notify HIV-positive patients of their conditions.
"But nothing was done," said Saha, a self-described crusader who founded a patients' rights group in India after the death of his wife there in 1998 from what he says was medical negligence. In recent months, he has worked closely with the Government Accountability Project, a Washington nonprofit group, to press the bank on faulty HIV test kits in India. "Everyone did everything they could to ignore this," he said.
World Bank officials said that following Saha's claims, they hired a consultant late last year from the Centers for Disease Control and Prevention to review the data. The consultant's findings, the officials said, did not support Saha's opinion that the kits were faulty. In a news release dated Dec. 14, 2007, and distributed in India by health authorities there, Saha's findings were directly refuted. The statement said there was "no evidence of use of poor quality HIV test kits in India."
Despite the examiners' findings, Kees Kostermans, the bank's lead public health specialist for the South Asia Region, refuted claims that some patients tested with some kits in India may have received false results, and said yesterday that he remained confident that the HIV test kits were not faulty. He cited a second outside consultant, Australian HIV expert Elizabeth Dax, who was contracted for a further program review in January. Her review, Kostermans said, indicated that the problems with false negatives were a result of human error rather than with the kits.
"There is no evidence in the data that we reviewed that any patients were given a final false negative HIV results," he said.
Kostermans said the World Bank had received notification from the Indian government that all of the kits in question had stopped being used in 2006. But Saha said he uncovered evidence last April that the kits were still being used in at least one hospital.
MSITF PRs on test kits sales to India should be reviewed > IMPO MSITF is involved in this HIV test kit corruption, false documents, faulty kits and rigged bids,IMPO. This fits the CEO Talbut way of doing pinksheet bidness, IMO
World Bank, India to Probe 5 Health Projects
By Anthony Faiola
Washington Post Staff Writer
Saturday, March 15, 2008; D01
The World Bank and the Indian government have launched official investigations in response to an internal bank report that found "serious" incidents of fraud and corruption in five bank-financed health projects in India.
The findings in the report, released in January by the World Bank's internal investigation arm, include possible bid-rigging in a bank-funded program that may have distributed faulty HIV-test kits to clinics and blood banks in India. Although the bank did not specify which allegations it would probe, its board Thursday agreed to work with the Indian government to conduct independent procurement audits.
The bank said it would launch nine separate investigations that could lead to broad institutional revisions of how its programs are monitored and conducted. The government of India also referred three related cases to its Central Bureau for Investigation.
"We take these indicators of fraud and corruption extremely seriously," World Bank President Robert B. Zoellick said in a statement. "Working with the Indian authorities, we will take action against those responsible, including debarment and sanctions against firms and individuals from doing business with the Bank and disciplinary action against bank staff if warranted."
Critics said the case has highlighted a history of lax oversight on a number of World Bank projects. Yesterday, some of them took aim at the bank for a slow, convoluted response to allegations of corruption in the India projects.
The report, published by the bank's Department of Institutional Integrity, reviewed funds for five projects, some dating back to 1997, to combat HIV-AIDS, malaria and tuberculosis. Some of the most notable findings involved programs aimed at preventing the spread of HIV, the virus that causes AIDS, including funds for HIV-test kits.
The report noted that five medical facilities in Mumbai that received HIV test kits from one supplier hired by the Indian government and paid with World Bank funds had complained in 2004 and 2005 of high rates of false negatives and other invalid results. After reviewing data on test-kit use, the examiners determined that "some of the test kits supplied by particular companies often performed poorly by producing erroneous or invalid results, potentially resulting in the further spread of disease or in the wastage of blood."
In addition, the examiners found evidence of corruption. The review showed one supplier had won a test-kit contract even though the firm appeared not to have complied with technical specifications, had submitted apparently fraudulent documents and was not the lowest bidder.
The findings appeared to lend credence to warnings from Kunal Saha, a physician specializing in AIDS retained by the World Bank to review some of those programs last April. After his trip, Saha said he had brought evidence of faulty test kits to the attention of both Indian and World Bank officials in May. Of particular concern, he said, were high rates of false negatives, which posed the risk of tainting blood supplies and failing to notify HIV-positive patients of their conditions.
"But nothing was done," said Saha, a self-described crusader who founded a patients' rights group in India after the death of his wife there in 1998 from what he says was medical negligence. In recent months, he has worked closely with the Government Accountability Project, a Washington nonprofit group, to press the bank on faulty HIV test kits in India. "Everyone did everything they could to ignore this," he said.
World Bank officials said that following Saha's claims, they hired a consultant late last year from the Centers for Disease Control and Prevention to review the data. The consultant's findings, the officials said, did not support Saha's opinion that the kits were faulty. In a news release dated Dec. 14, 2007, and distributed in India by health authorities there, Saha's findings were directly refuted. The statement said there was "no evidence of use of poor quality HIV test kits in India."
Despite the examiners' findings, Kees Kostermans, the bank's lead public health specialist for the South Asia Region, refuted claims that some patients tested with some kits in India may have received false results, and said yesterday that he remained confident that the HIV test kits were not faulty. He cited a second outside consultant, Australian HIV expert Elizabeth Dax, who was contracted for a further program review in January. Her review, Kostermans said, indicated that the problems with false negatives were a result of human error rather than with the kits.
"There is no evidence in the data that we reviewed that any patients were given a final false negative HIV results," he said.
Kostermans said the World Bank had received notification from the Indian government that all of the kits in question had stopped being used in 2006. But Saha said he uncovered evidence last April that the kits were still being used in at least one hospital.
something up - no new news - silver spot is up slightly - CDE up 10%? - When is the filing due?
Comment per my previous post - This rings very true today>
it certainly materialized as we witnessed gold lose $100 (10%), and silver lose $3.50 (17%) in just 48 hours. It looked like a manufactured event by commercial traders (mostly big banks) to take advantage of technical investors, liquidate their short positions and go long again by buying the cheap gold that weak hands and technical traders were dumping into the market.
Very good read >
http://seekingalpha.com/article/70170-gold-and-silver-is-the-correction-over?source=yahoo
I was about a week too early in predicting the sell-off in precious metals, but it certainly materialized as we witnessed gold lose $100 (10%), and silver lose $3.50 (17%) in just 48 hours. It looked like a manufactured event by commercial traders (mostly big banks) to take advantage of technical investors, liquidate their short positions and go long again by buying the cheap gold that weak hands and technical traders were dumping into the market. Ted Butler wrote a good article about how this works, for anyone interested in reading more.
At the beginning of the year, I wrote an article with my 10 Predictions for 2008. So far, 8 of those 10 predictions have come true. One of the predictions was that corrections in the gold market would become increasingly violent, but also increasingly short in duration. After falling below their 50-day moving averages and looking like a huge drop was approaching, gold and silver both rebounded in the last two days, and recaptured about 30% of their devastating 2-day loss. The metals rebounded in the first day to rest on their respective support lines ($935 for gold and $18 for silver), and then continued decisively upward on Wednesday.
Technically speaking, any drop back below $935 and then below $900 could see the gold price freefall as low as $800. There is simply no support below $900. But as long as precious metals can hold the current support levels, it is safe to assume the correction is over. Fundamentals still point to much higher prices, and I believe we will see gold hit $1,000 again before it hits $900.
The next upleg should see silver outpace gold by a significant margin and see junior producers finally join in the fun. There have been a number of recent articles exposing how the silver market is experiencing a significant shortage and customers are being asked to wait for months in order to receive their silver due to dealers running out. Silver breaking the $20 level caught investors' attention, and if the supply/demand situation is truly as bad as it seems and even a small amount of investment dollars begin to flow into silver, we could see the price spike to $50 or more. Investors would be wise to take a position ahead of such developments, as silver anywhere under $20 will soon be a thing of the past.
Silver mining companies bring additional leverage to the equation and could go ballistic if silver breaks out as anticipated. There are obvious choices such as Coeur d’Alene Mines Corp. (CDE), Silver Wheaton (SLW), Pan American Silver (PAAS) or Silver Standard Resources Inc. (SSRI). But I believe the best returns will be offered from smaller producers or miners that are just beginning to bring their properties online and are only now starting to get attention from silver investors.
Yesterday, the general markets ended their two-day rally, with the S&P down (0.8%), and the Nasdaq off (0.7%). The financial and real estate sectors also ended their mini-rally, and crashed hard Wednesday helping our market shorts gain 6.8% and 5.3%, respectively. We might see more gains in the broader market, but I don’t anticipate it to last more than a week or two, and will be maintaining these short positions in the GSB portfolio in expectation of further downside.
Alternative energy stocks and solar stocks in particular have come to life in the past few days after three months of getting pounded. Some stocks have gained as much as 25% in a few days, after having lost 50% or more of their market cap since the start of the year. This sector is not for the faint of heart, but it is hard to deny the role that solar, wind and geothermal energy will have in our future.
While the stocks became clearly overheated and overvalued towards the end of 2007, yesterday’s levels are much more reasonable. I have increased my exposure to solar stocks in the past week, but have set tight stops and will keep a close eye on the effect the overall market downturn has on alternative energy shares.
Perth Mint and Kitco Scheme Exposed
(What's going on here?!)
Silver Stock Report
by Jason Hommel, March 26, 2008
Yesterday, I got into a bit of trouble by writing that the NorthWest Territorial mint was bankrupt, which they are not (consider this a second retraction). The NorthWest Territorial mint only has a risk of bankruptcy since they have so much silver owed to them by their suppliers, and those risks concern me in light of shortages of silver reported everywhere, and their long delivery times.
What is going on with Perth and Kitco is very unfortunate, since the Perth Mint is reportedly one of the largest bullion dealers in all of Asia, and Kitco has the largest presence on the internet, ranking number two in the search terms for silver and gold, just behind wikipedia.
So I have to choose my words carefully regarding the Perth Mint & Kitco. Perhaps the words of Jesus and Andrew Jackson are appropriate to quote in this context:
"You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning." --Andrew Jackson, 1828
Matthew 23:33 "You snakes! You brood of vipers! How will you escape being condemned to hell? 34 Therefore I am sending you prophets and wise men and teachers. Some of them you will kill and crucify; others you will flog in your synagogues and pursue from town to town.
You know who Jesus and Andrew Jackson were addressing? The moneylenders who offer to hold your money for you!
Since I advocate that you hold your own bullion yourself, I've wondered if the business practices of Kitco gave them a bias to rarely ever publish my articles, even though I was an advertiser for years, and my articles appeared far more regularly at gold-eagle.com and goldseek.com. I think I finally figured it out, and it's time for me to finally burn my bridge to kitco; as I don't need them anyway, and stopped advertising with them a while ago.
Kitco is a partner in a bullion certificate scheme with the Perth Mint, and also offers a pool account like Perth Mint does.
https://online.kitco.com/pmcp/
I believe, but cannnot prove, that Kitco is short of bullion owed to their own customers in their pool account, and this would explain why they publish the anti-gold articles that they do. If you own precious metal in a pool account or certificate form with anyone, Kitco, Perth, Monex, Goldline, any Major Bank or Brokerage, or anyone else, I think you would be wise to cash out, and get real silver somewhere else, even if you have to pay extra fees to do so.
Here are my five witnesses in my case against the Perth Mint (Kitco is implicated only by association, as they advertise the Perth certificates.)
The testimony of the people below go to show that you cannot trust silver certificates, nor can you trust allocated silver storage, nor can you trust government guarantees. (Trusting government guarantees for bullion is the most absurd thing I can think of, since governments are the ones who are printing money which competes with the demand for silver as money!)
=============
Date: Thu, 28 Feb 2008 18:52:05
Subject: Re: Silver Stock Report: How to Get Into Silver, for Billionaires
S Tabikh wrote:
Jason,
Ive just ordered $20k worth of Silver 100oz bullion from the Perth Mint and have to wait upto 6 months for delivery for such a small order. Goes to show the lack of Silver avaliable.
Regards,
Shafic
=============
Date: Thu, 28 Feb 2008 15:07:40
Subject: Re: How to get into Silver for Billionaires
peter wrote:
Hi Jason,
Thanks for sending me your latest email, I'm always interested in hearing your opinion of the current state of the Silver market.
I was rather alarmed, however, to read the story of the gentleman you mentioned who had 10,000 ozs of allocated Silver stored on his behalf by a "AAA rated,... guaranteed " mint which "services the Asian market" ...I assume you are unable to publicly identify the mint concerned for legal and other reasons, but I would greatly appreciate it if you could inform me privately of same. IE: Is it the Perth Mint?
The reason I ask, as you can probably guess, is that my own situation is almost identical to the one mentioned in your article (which listed difficulty getting allocated silver which took 6 months) and you have now further aroused my suspicions about the alleged security of allocated storage of precious metals. In addition, I have also met with an un co-operative attitude when making enquiries about taking delivery of my Silver, so again there are further parallels with your story.
I hope you can take a moment from your busy schedule to share this information with me as obviously, its vitally important to my future financial security -just a simple 'yes' or 'no' in answer to my query above would suffice, no need to elaborate.
Thanks again for your time and I wish you every success in spreading the Story of Silver to the world.
Regards,
Peter
Jason: YES! I was alluding to the Perth Mint, but I didn't have enough testomony at the time to name them publically, but now the truth comes out! Get your silver. Travel to their location, and get it, and haul it away, as soon as possible. (They might not have it!)
=============
3/19/2008 9:20 PM
Jason,
Just placed another order with Perth Mint, they are out of stock on everything, however there waiting period is no longer 6 months (Im guessing they received alot of complaints) its now 6-8 weeks.
Just got off the phone with them, they have no bullion in stock, its all on backorder, the official excuse is that it takes along time to make the bars and everyone wants them, could be viiewed as a good thing knowing demand is high, but I personaly dont like waiting 6-8 weeks for delivery.
I contacted several other dealers in Sydney, only 1 out of 5 has stock...... Everyone has back orders with PM which is the distributor.
Regards,
S
=============
In the March 26th Midas report, from lemetropolecafe.com (a site I subscribe to, and highly recommend):
G'day Bill
The shortage of silver is becoming acute in Australia. I phoned my supplier (THE major in my state) this morning, to confirm the developing situation re supply and he has confirmed that he cant get silver until May. He has always had ample stocks on hand, with my son or myself able to walk in and transact on a cash and carry basis.
NOT ANY MORE!!! He can't get a price from his supplier whom I assume is the Perth Mint or the Australian Bullion Co, as these are the bars that I have received from him. He only does Open Book orders where he will take your order but will not be able to price the metal until he is assured of a delivery price from his suppliers. Mid April is when he expects to be able to price an order. He said he has knowledge of a Perth Mint customer who has his money tied up in their Unallocated Pool Account, using Silver Certificates. Taking the advice of various "hold it in your hot little hands" advocates (such as yourself, Ted Butler and Jason Hommel etc,) he tried to redeem his certificates and have his holdings transferred into an Allocated Account.
The Perth Mint has advised him that they WILL NOT buy his certificates from him and WILL NOT allocate physical silver to him. They will however ALLOW him to swap them for gold. They will only do this by slugging him on the spreads. They slug him on their buy back price for silver and then whack him for their mark up on gold. He apparently is a man on the edge as my dealer feels that he is close to topping himself over the issue. Must be on Margin. I wonder if the Perth Mint is so broke that they can't pay him. Apparently they are backed by the full faith and credit of the Western Australian Govt. Yeah Right!
Stow it or blow it is the right call from you et al, and I thank you dearly for the advice, as I was once a Perth Mint PAPER silver certificate holder.
=============
5:24 AM, March 26th
Hi Jason,
just wanted to let you know about recent dealing with Perth Mint.
As I have been following your emails now for some time I recently decided to buy silver at Perth Mint in the form of the PMCP (Perth Mint Certificate Program).
Talking with a person in their Treasury Department I opted for Unallocated silver with the view of changing that to Allocated or pick up at a later stage.
After your email "If you don't hold it, you don't own it" I sent an email saying when I wished to pick it up, giving about 4 weeks notice that I was told I needed to give.
Still have had no reply after a phone call and another email.
Wondering if you have had any similar emails from anyone else regarding Perth Mint?
God bless,
Graeme.
=============
=============
I've been thinking more about how people who are afraid of risks, and who don't want to pay the costs of storing their own silver, tend to trust promises of men rather than the provision of God. The Great Harlot of Revelation 17-18, I believe, refers to moneylenders who lend to the kings of the earth to control them; and this is harlotry because the Harlot will trust the kings of the earth for security rather than the King of Kings, Jesus Christ.
So, now, I wonder how much different it is to trust having someone else hold your silver for you; is that an act of spiritual harlotry as well? Do these people who put their trust in the Perth Mint, guaranteed by a "king", the government of Australia, get what they deserve? The kings are said to turn on the harlot to destroy her, and I wonder if the Perth Mint not giving out silver that was paid for is like a preview of that prophecy. You judge.
As for me, I've long decided to choose to be responsible for taking dominion over God's provision of silver that He has entrusted to me to care for, and I'll accept and take the risks of holding it myself, and I'll trust in God that things will work out ok without man's insurance.
I know that if I have wealth, then I must also have the wealth to guard it, as that is a basic undeniable truth.
If you have a small amount of silver, get a lock box. If you have more, get a floor safe. If more, get a large gun safe. If more, get several gun safes. If more, build a vault. If more, build a warehouse.
According to God, if you are Christians, you are Kings and Priests, and so, I try to act like it; taking possession and guarding my silver with my own safes, and preaching that others do the same.
Revelation 5:10 And hast made us unto our God kings and priests: and we shall reign on the earth.
The united States is supposed to be a nation of sovereigns, kings, the people are the kings.
Act like a King. Get your silver.
Act like a Priest. Tell other people to get their silver.
http://find-your-local-coin-shop.com/
Sincerely,
Jason Hommel
www.silverstockreport.com
www.miningpedia.com
The Q and the K>? I have my doubts.eom
Dont be surprised if DLAV goes to pinksheets. They CAN NOT register shares thru SEC that we KNOW.
02/27/2008 09:16 ET - BUYINS.NET: OCLS, OPXA, PALM, TDSC, GORO, GFCI Have Also Been Added To Naked Short List Today - M2 Communications
03/07/2008 09:24 ET - BUYINS.NET: MSGI, GFCI, WEESF, GWSO, HSOA, JINFF Have Also Been Removed From Naked Short List Today - M2 Communications
Silver Market Structure: Shortages And Sources
(Shortages can make people crazy!)
Silver Stock Report
by Jason Hommel, March 25, 2008
My recent reports on the Silver Shortages at Coin Shops and major dealers have been popular, and widely re-posted. Misunderstandings and questions are more abundant than my ability to answer them all individually; but most could be answered if only people and coin shop owners only understood the basic market structure of silver, and did a little bit of thinking for about 5 minutes, and then a bit of math on the numbers, so let's start with the numbers, as reported by the CPM Group and Silverinstitute. New reports for 2007 are expected this Spring, and I'd be surprised to see any category change by more than 5%, except maybe investor buying, which might be up. For 2008 reports, we'll have to wait a year. I tend to average the figures from both groups, and then average again to the nearest 50 million oz. or 5%.
So, for 2006:
On the supply side, there is 900 million ounces:
About 650 million ounces of silver is mined each year, and growing slightly.
About 200 million ounces of silver is recycled each year.
About 50 million ounces of silver is sold by governments each year, and declining.
On the demand side, of the 900 million ounces:
About 45% is consumed in industry including mostly electronics, and growing slightly.
About 35% is consumed in jewelry and flatware.
About 15% is consumed in photography, and declining slightly.
About 5% is purchased by investors in the form of bars and coins, and growing slightly.
Investor buying is the hardest category to track, and is generally assumed as either "implied net investment or net divestment" to make the total numbers match on both the supply and demand side. The major change 2 years ago was a switch from "implied net divestment" to "implied net investment".
More silver than the "net" is traded between investors, during a year, perhaps another several hundred million ounces, it's hard to say. The investment numbers are simply "net" figures, that factor in that there must be more total investor buying or more total investor selling, and by how much.
The numbers are from surveys, and are rough estimates, and nobody fully agrees 100%, but the numbers from those top two surveys are very close, and I don't have enough knowledge or reason to dispute them. They make sense with what I know and see and hear in the real world, and they can explain a lot about the silver market, especially the great investment opportunity that exists.
In the entire history of the world, about 45 billion ounces of silver have been mined. Of that, nearly all of it, probably between 90-95% has been consumed, and ended up in landfills, as the silver has been changed into forms that are less economic to recover than new mining. So there might be about 5 billion ounces of silver remaining in the world that has been mined, and still exists, held by people in the form of bars & coins, jewelry & flatware, and scrap.
While known silver reserves in the ground are at about 14 years, more silver will be found and mined for the next 5000+ years or more, like always. (This proves that peak oil is bunk. All mines, like oilfields, are depleting assets, but the earth is a very big place.)
Very little silver is at the 4 NYMEX approved warehouses, only about 140 million oz.
Very little silver backs up the silver ETF, SLV, about 179 million oz.
Very little silver is purchased by investors each year, about 50 million oz.
The U.S. Mint makes about 10 million ounces of silver Eagles each year.
Silver Eagles thus represent about 1/100th of the annual silver market. The current Shortage of Silver Eagles is not technically a shortage of silver, you see. Ted Butler, who writes for Investment Rarities, suggests that their endorsement of Eagles has helped to cause a run on them, and I believe it.
I would personally estimate that about half of silver recycling, about 100 million ounces, moves through coin shops and has to be sold to larger dealers and refiners. More silver than that moves through U.S. coin shops back to the public, however, in addition to the "net" flows, but the "net" flows explain a lot.
1. It explains why most coin shops don't feel there is a shortage of silver, and don't feel the need to carry silver inventory.
2. It explains how and why coin shops can run out of silver so quickly.
3. It explains why coin shops cannot say when they will get more silver, since their source of silver is the public (they don't order much from refiners, they sell to refiners).
Let's assume that U.S. coin shops are 50% of the world market in silver. So, they buy about 50 million oz. of silver more than they can sell to the public. There are about 4000 coin shops tracked by http://coininfo.com/ which I advertise to help you find your local coin shop.
If we divide 50 million oz. of silver by the 4000 shops, that comes to 12,500 oz. per shop, on average that they have to buy, more than they can sell, in a year. Times $20/oz., that's $250,000 more silver per shop, per year, than they can sell to the public (usually, but not this week!).
Like any industry, there is a range that differs from the average, where some shops do a lot more business than others.
The market structure explains the relatively insane comments by coin shop owners that my readers tell me about, these conversations confuse my readers, and often sound like this:
Customer: I'd like to get a quote on silver.
Shop: If you are selling, the price is . . .
Customer: No, I'm buying, because there's a shortage.
Shop: There's a shortage of silver? But there's plenty of silver.
Customer: How many 100 oz. bars do you have?
Shop: We are sold out right now, but if you come back later, I'd be happy to sell you some silver.
Customer: Eagles?
Shop: Sold out.
Customer: Any silver at all?
Shop: Not right now, gotta go, phone is ringing. "Hello, are you selling silver? No?"
Coin shops would love for you to come back later, because they can sell silver to you at about 5% over the spot price, but refiners and other dealers will only give them about 1% under spot, at best.
Here's another estimated calculation to determine how much silver buying is needed to "clean out" the coin shops in a week: 50 million oz. of silver / 52 weeks x $20/oz.
= $19.2 million in a week.
This is what we saw these last few days. The public bought about $19 million more worth of silver than they usually buy, and cleaned out most coin shops around North America, and the world.
See how tiny the silver market is? That's why it's such a great investment. There's way too much paper money, and so little silver available!
At the same time, the rumors I've heard are that the large banks that are bankrupt and getting help from the Fed, were told to sell some of their gold and silver, because it makes little sense for them to be getting loans while carrying so much of those "useless barbaric relics" on the books.
But investment bank silver is not typically in the same form as silver demanded by the public, and it is not sold to coin shops, but at the NYMEX, or maybe sold to refineries and mints who might be taking delivery of contracts to make 100 oz. bars or 1 oz. coin blanks.
===================
It appears to me that Northwest Territorial Mint is bankrupt. Based on Ross Hansen's letter to me last week, a reader did some calculations based on the admissions in that letter. Ross sells 20,000 oz. of silver per day. And Ross has 300,000 oz. of silver "in the pipeline", and deliveries are about 60 days, at best. There are about 43 business days in 60 days. (5/7). 43 days worth of silver, for Ross, at 20,000 oz./day, should be about 860,000 ounces, creating a deficit of about 560,000 ounces of silver that they are short, and have taken orders for, and have not yet bought that silver in this rising market from $13 to $20/oz.
I received 20 more compaints about the Northwest Territorial Mint since Friday, some readers waited 5 months to get silver, others have orderd silver in November 2007, and have not received it yet.
On Friday, one man reported to me that he walked in to the Northwest Territorial Mint and tried to get 100 oz. bars, and could only get 6 bars.
Here's an interesting story about a mint that went bankrupt in 1980.
http://bulk.resource.org/courts.gov/c/F2/634/634.F2d.1285.79-1555.79-1554.79-1553.html
"the corporation was selling silver and other products which it did not have in its inventory and did not have sufficient cash to obtain. The period of delay in delivery increased as replacements were not full and complete in terms of maintaining an inventory which allowed prompt delivery after the sale. First there was a seven or eight week delay in delivery of orders to retail customers and a shortage of about 80,000 ounces of silver which became apparent in December 1973 and early January 1974.
===================
I've continued to get reports from my readers that coin shops are out of silver; 19 reports of shortages since last Friday, here's a few more specific ones, from people who really canvased the areas to discover shortages:
International: China, Dubai, Sydney, Vancouver,
Domestic: Houston, Chicago, Seattle, San Diego.
-----
I can confirm from my recent email exchanges with the Bank of China (BOC) that BOC has now ceased selling physical products of silver but undertakes to buy the same from her customers. No explanation was given.
-----
I just became aware of this silver bullion shortage through your site, and phoned up my regular silver bullion dealer in Dubai. I have bought from them many times in the past, and can ALWAYS buy as many 1Kg Emirates Gold "silver" bars as I like. So it has been heaven for me to have unlimited bars to buy...
However when I phoned just now, they DO NOT have any in stock, and they cannot say when they will!
-----
From a dealer in Sydney, "Yes, silver is pretty scarce here too. I went around to five dealers and I could only get one bar out of them. Gold, however, appears to be more available."
-----
I can confirm that several coin dealers in the Houston area are sold out. They said things like, "I'm flat sold out. I can't buy any from my suppliers. I won't be getting any in for a while."
-----
I called my brother who lives in the Chicago area to canvass his local coin dealers that he knows to see whats up with inventory of silver and he reports back they are all out of stock...
-----
Dealers hear in the Seattle,Wa area are out of silver, I did manage to get about 56 oz of silver from Northgate coins, but that was 3 days ago. Called around today and everyone is out. I called around in San Diego (where my father lives) and everyone is out there also.
===================
When you start reporting that businesses are out of silver, they tend to lose customers, and to prevent that, they say odd things. Here's one reader comment:
Perth Mint today and they said that the supply of silver was fine but the production was the problem and I had to wait 6 to 8 weeks for delivery!
Here's another odd story told by Don Stott. I love the man, as he's provided me a wonderful education about silver over the years.
http://www.coloradogold.com/archive/Silver_Shortage-390.html
Don said I was WRONG about Amark, but Don can't know the full story about what one of his suppliers said 100% of the time, so it's just disappointing to see a man of his very high integrity say that.
I guess shortages can make people go a bit crazy, even me. This is very exciting for me, I admit.
===================
Droughts are funny. Some areas are less affected, and do have rain.
Here are reports of dealers who have silver. I expect these sources could sell out next week, if things continue as they are.
Please be careful. Don't buy more silver in one deal than you can afford to lose, in case these guys are scammers, or bankrupt. I'm listing who I feel are the more reliable sources first.
List of refiners (refiners don't usually sell to the public)
http://www.lbma.org.uk/good_delivery_silver.html
====
European precious metal dealers:
www.mp-edelmetalle.de in Germany
www.24carat.co.uk in England
www.atsbullion.com in England
www.royalmint.com in England
www.goldavenue.com in Switzerland
www.monnaiedeparis.fr in France
====
As of March 20th, FideliTrade in Wilmington, DE has over 1,000 bags of 90% per--1965 US silver coinage available for immediate delivery. Their contact information is (800) 223-1080 and www.fidelitrade.com.
====
Miles Franklin has 10,000 oz. of silver in stock, in various forms.
http://www.milesfranklin.com
1001 Twelve Oaks Center Drive Suite #1028
Wayzata, MN 55391
Contact: Andy Schectman
Phone: 1-800-822-8080
They believe their exclusive wholesaler is one of the top 5-6 wholesalers in size in N. America.
====
http://www.diverseequities.com/
(In Calgary, Canada)
====
Have plenty of 90% in stock at my local brinks depot in Dayton.
Don Herres
Dollartowne
Bellbrook, OH 45305
937-848-6231
====
http://www.gaithersburgcoin.com/
====
a lot of silver left
Olde Saratoga Coin
1593 Central Ave
Albany, NY 12205
(518) 452-0963
====
Our small local coin shop says he has some silver available:
Seymour Coins
203 W. Alfred St.
Tavares Florida 32778
C-352-308-9942
352-343-8002
======================
Finally, a note to the lazy skeptics and foolish doubters. Please continue to be lazy and doubt. Don't believe me. Go ahead and continue to say foolish and untrue things about me on the internet. I know that most of the stories about silver shortages that you can find are written by me, and I know I've always made bold predictions about where I think the price is going, and the foolish skeptics are saying that I've been wrong the entire way up from $5/oz.!
For those who are wondering why the media doesn't cover the story of silver shortages. Do you really think the general media cares? The public does not care.
Again, the market structure tells the story.
There are maybe 50 million ounces of silver purchased for investment each year, world wide. At $20/oz., that's $1 billion worth.
I'm going to assume that the average purchase is $10,000. So, that's about 100,000 purchases, or less.
Of the 100 million households in the U.S. that's 1 in 1000, but the U.S. is maybe only half of the silver market, and about 2/3 of my email list?
When only 1 listener in 1000 or 2000 cares about the story, it's probably not news.
This is like a bank run, but it's not a run on the banks, so who cares?
Unless there are people lining up, stampeeding the shops, and hurting each other and breaking bones in the scramble to get silver, like people did to get the "Tickel Me Elmo" dolls in Christmas in 1996, it's not news.
See, despite the shortages, and crazy comments, silver investors and market observers just have not yet gone crazy enough to deserve news coverage.
The Silver Stock Report now goes out to 73,000 who are interested in silver.
Let the doubters and skeptics buy silver later, at $50/oz. or $100, or the "inflation adjusted high" of $150 or $350, depending on how you like to adjust for inflation. No need to worry to try to convince them now. There will be people who will be buying and selling all the way up.
Sincerely,
Jason Hommel
silverstockreport.com
miningpedia.com
The article says > "Dave Wange, CEO of DLAV,"? Did they replace SH? He sure is walking an ethical tightrope using DLAV to build his private venture , for sure the SEC and IRS will be scrutinizing this relationship. Might be easier to setup a puppet and pull strings from behind scenes. IMO
He was FORCED to make these disclosures IMO > I have feeling the SEC is not going to be pleased.
"The timely filing of these reports was inadvertently omitted."
lol opg > post whatever u want > it doesnt bother me one way or the other > I am realist > CEO JIM DIAL left GFCI for dead long ago , he moved the assets and left the shell for the vultures to pick on > It looks like a new MM was picking at the carcass today > I do however thank you for the laugh, woppin it up over GFCI on a $700 trade is quite funny IMO . Thanks I have been working my arse off lately , way to busy for a good laugh , Thanks OPG.
OPG > It was $700 in TOTAL stock traded for the day! Heck even FTXN Dumped $2k in stock trades today > When FTXN out trades you 3to1 dollar for dollar and you cheer > heres' your sign.....
Looks to me like it is last one holding shares loses - they are selling shares hand over fist , tripping over each other on day off to get the sales filed at DLAV.
What a sneaky move! File all these on a day market is closed - that smells really BAD!
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=dlav&filenum=&State=&SIC=&owner=include&action=getcompany
Also Notice this on a lot of the forms >
. The expiration date was extended by the issuer to January 17, 2008.
Options backdating is very similiar , but it all depends on the original option date and the stock price, forward dating an option or "extending" it can be just as sleezy IMO > Looks like DLAV BOD approved these options to be extended even know they were expired - wow you DLAV shareholders ar really nice folks - you give SH unlimited dillution for his employee benefits plan and now you allow him to extend options dates for past and current employeees, you guys sure are nice with your money, or is it nieve? not so sure......
IMO
I agree rayr - ur chart looks how I feel about CDE - In the coming weeks we can recover and go higher with weight of the shorts gone - market is loaded on JUNE08 CALL 5 THEN they loaded the JAN09 PUT 5.00 - I see run from now til late in the year.....
OPEN INTEREST CDE Options AS OF 03/07/2008
Date > Strike $ > OPEN Interest
06-08 CALL > $5.00 > 46,812
03-08 CALL > $5.00 > 44,861
01-09 CALL > $5.00 > 41,180
01-09 PUT > $5.00 > 40,728
01-09 CALL > $7.50 > 20,229
01-09 CALL > $2.50 > 14,505
06-08 PUT > $5.00 > 12,814
03-08 CALL > $2.50 > 12,022
06-08 CALL > $7.50 > 11,791
04-08 CALL > $5.00 > 11,188
01-09 CALL > $10.00 > 10,749
06-08 CALL > $2.50 > 10,652
03-08 PUT > $5.00 > 10,218
01-10 PUT > $5.00 > 8,103
09-08 CALL > $5.00 > 7,556
01-10 CALL > $7.50 > 7,252
01-10 CALL > $5.00 > 6,756
03-08 CALL > $7.50 > 5,422
01-09 PUT > $2.50 > 5,373
01-10 CALL > $2.50 > 5,331
01-10 PUT > $2.50 > 3,320
06-08 PUT > $2.50 > 2,710
09-08 CALL > $7.50 > 2,302
03-08 CALL > $10.00 > 1,816
06-08 CALL > $10.00 > 1,781
01-09 PUT > $7.50 > 1,531
04-08 PUT > $5.00 > 1,517
09-08 PUT > $5.00 > 1,375
09-08 CALL > $2.50 > 1,282
04-08 CALL > $7.50 > 1,223
03-08 PUT > $2.50 > 1,050
06-08 PUT > $7.50 > 745
09-08 PUT > $7.50 > 420
04-08 PUT > $7.50 > 359
04-08 CALL > $2.50 > 213
01-10 PUT > $7.50 > 211
01-09 PUT > $10.00 > 180
09-08 PUT > $10.00 > 160
06-08 PUT > $10.00 > 153
09-08 PUT > $2.50 > 149
03-08 PUT > $7.50 > 89
09-08 CALL > $10.00 > 80
03-08 PUT > $10.00 > 72
04-08 CALL > $10.00 > 50
04-08 PUT > $10.00 > 40
Silver Shortage gets Worse, Price Drops Again!
(If you don't hold it, you don't own it)
Silver Stock Report
by Jason Hommel, March 20, 2008
Three more major silver dealers are reported to be out of silver today: The U.S. Mint, Kitco, and Monex. This, on top of the major dealers yesterday, Amark, Perth Mint, CNI Numismatics, and APMEX, all reported sold out. Further, nearly all of Canada is reported to be out of silver, from Vancouver to Toronto.
This is unprecedented, and is a perfect case of market manipulation in the paper market at COMEX and other futures exchanges to see silver prices continue to drop down to below $17/oz. today. Paper promises can be created endlessly, but real silver cannot.
This is NOT a case of the dealers getting spooked, and selling out to the refiners just in time, at peak prices. This is a case of the public buying up the stock at coin shops across the world ever since gold hit $1000/oz.. That event finally sparked a little of the public's buying of silver and gold. Thus, the typical coin shop flow of silver to the refiners just stopped in the last few weeks, and especially the last two days.
This is NOT a case of the public creating a top with 'everyone' in silver, because nobody's in silver yet. In 2006, only $1 billion was spent on investment silver, which is 0.007% of the $13.5 trillion of money in the banks. As I have long reported, the silver market is so small, there is no room for new investor demand, not even 0.1% of money could be spent on silver, because that would be $13 billion, which would push silver prices to $200/oz., and we are seeing only the tiniest beginnings of that.
$13 billion would be almost enough to buy all the silver produced by the mines in one year, which would leave nothing for industry. It would essentially double demand, but supply would remain the same.
Furthermore, this is not a top because the public continues to get to the coin shops, and is now getting on waiting lists for silver. The public is not yet in, so how can the price drop?
This is a case of price fixing and manipulation, like communism. Sausage is reported to cost 1 link per ruble, but there is no sausage. Silver price is quoted, but there is little to no silver.
Shortages are evidence of price fixing. Price fixing results in shortages. They are price fixing silver at a below market price over on the paper exchanges in New York and around the world.
How long can it go on? Until people stop trusting the paper exchanges, which could be after they default and fail to deliver silver. Or we could see a severe backwardation, as people refuse to trust and buy futures contracts, which would thus sell at a discount to real silver. Then, the spot price will really go up, maybe about double or more very quickly.
Regarding Monex and Kitco:
Monex has a shortage of 100 oz bars and silver eagles. They say that they are 5-7 days behind on orders for 100 oz bars and at least 10 days behind on silver eagle orders.
"This message has been placed on KITCO's buying board in large red letters. TT
IMPORTANT: Due to the volatility of the market, we are experiencing a significant increase in the volume of products that are being sold to Kitco. Although Kitco and HSBC Bank are working hard to stay on top of this, you may experience a delay in your package being processed. We apologize for any inconvenience this may cause, and appreciate your patience and understanding."
bulliondirect says:
High Activity Market Alert
The precious metals industry is experiencing a substantial surge in activity which may increase the possibility of logistical delays; including customer service response time and product processing (incoming and outgoing). Our goal is to keep our prices competitive while still delivering an exceptional transaction experience.
I now have 4 pages of reports that I posted to my member's forum, from people saying that dealers around the world are out. Here is a summary of their comments:
Apmex out.
CNI out.
One in the UK.
One in New Port Richy, Florida.
Ebay is selling silver over spot.
Toronto out except overpriced Eagles and Maples.
Kitco in Montreal is out of Silver Maples.
Local shop in Victoria BC is out of all bullion.
Mexico City's "Consultoria casa de cambio" is out of bullion.
There is no silver for sale in eastern Canada.
Perth Mint is out.
A world class gold and silver bullion dealer in Dubai, Lakhoo Jewelry, is almost out.
Most Utah coin shops say there is a critical shortage of silver available for purchase in Utah.
(Johnson Matthey, the largest refiner, is in Utah!)
www.argentarius.de , there where 637 Mexican Libertad still left. Now, two hours later: nothing.
We could not find silver in canada from two days now.
Conejo Coin and Stamp run out of 100 oz silver bars too.
I just cleaned out the last 25 oz. of silver at my local coin shop.
scotia bank told me that they have no silver for about 2 days now.
Camino Coin of Burlingame, CA says, There seems to be a silver shortage.
In the Detroit, Michigan area, very few coin shops have any, I got the last 2 bars at one shop.
Bulliondirect having trouble mostly with Silver Eagles and Canadian Silver Maple Leafs.
The US Mint has said they are out of silver eagles - at least for a few weeks.
Portland, OR, Alder Gold Exchange., just a few bars, bought them out.
The dealers in Vancouver are offering 100 oz bars at $1875 preorder, but we wont get them for months.
==============
Paul Mladjenovic, author of Precious Metals for Dummies, said to me today, the following about the current price manipulation and shortage of real silver:
Outside of Oil, there is no other commodity with more diversified uses. Silver will probably hit $50/oz. within 3 years, and exceed its all time high on an inflation adjusted basis ($150-$350/oz.) and hit tripple digits by the early part of the next decade.
Everything has a natural and artifical price, and an artificial low price stimulates demand, and creates shortages, but the false appearance of plenty, which will blindside those in the paper markets.
Artifical intervention only works in the short term, whereas natural supply and demand forces always triumph in the long term.
==============
I want you to be able to buy on this dip, and not be discouraged by sold out coin shops. This is why I asked people to report to me who had silver in quantity, ready to sell.
"If you don't hold it, you don't own it" (And can't sell it!)
Yesterday, Robert Mish was slammed by my mention of his shop in my report. Next time, he says he can only handle orders for $10,000 or more at one time.
Here are a few more sources:
bulliondirect.com has silver available, up to 400 x 100 oz. bars.
Bulliondirect is like the ebay for large silver orders.
They do have 100 x 100 oz. bars available, in several categories.
But they now post a warning:
High Activity Market Alert
The precious metals industry is experiencing a substantial surge in activity which may increase the possibility of logistical delays; including customer service response time and product processing (incoming and outgoing). Our goal is to keep our prices competitive while still delivering an exceptional transaction experience.
===============
FideliTrade Incorporated in Wilmington, Delaware is reported to have silver inventory available for immediate delivery.
http://www.fidelitrade.com/
===============
http://www.delawaredepository.com/
is an NYMEX/COMEX and CBOT licensed and CFTC approved depository for silver.
===============
Mike of Gulfcoast Coin and Jewelry (239) 939-5636, In Florida
1 800 465 3909
www.gulfcoastcoin.com
Keeps a large inventory of bullion and rare coins. 90% bags, .999 silver, is a market maker.
Sells gold at 1% over costs, silver at 3%.
Self-reported that he has 50 bags of 90% now. -- but others report he "drop ships" from other sources.
===============
Jason, I was forwarded your blog regarding silver. I'm a major precious metal dealer and have sold 25,000 yesterday. I still have plenty left. We have been selling plenty of pure silver dealer to dealer at spot + .50 cents.
Thanks,
Don Herres
Dollartowne
Bellbrook, OH
937-848-6231
I was unable to confirm.
===============
It was reported to me that:
In Austria, Europe, there are plenty of sources where you can get massive amounts of silver:
www.oegussa.at - this is the largest smelter in Austria, with an office for individual, private party walk-in customers in Vienna and they have lots of silver bullion available all the time. Silver bullion is not too interesting for Austrian citizens, because they have to pay V.A.T. on silver bullion purchases - VAT is the European equivalent of sales tax.
But if any American or other non-EU-citizen purchases silver bullion and keeps the receipt, they get the VAT back at the airport when leaving the country.
You can also purchase lots of silver at Austrian banks and coin shops - no shortage here! And if you go for coins, denominated in any current currency and not bullion, there is no VAT to pay for anyone. The Austrian Mint is currently offering the Silver Philharmonic coin, weight is not metric, but in troy ounces, the coin is denominated in Euros, so no VAT to pay - and you can purchase tons of it! They distribute them through all Austrian banks.
Yes, metric tons of these coins are available now. .
Here is the specific page at their website: www.austrian-mint.at/silberphil?l=en
Sources sent by the owner of:
www.alchemianova.com
===============
Ross Hansen of NorthWest Territorial Mint emailed me:
Dear Jason:
We are not out of silver!
Northwest Territorial Mint produces approximately 20,000 ounces of silver per day, and ships 200 orders daily. A quick audit of our vault today showed more than 300,000 ounces of silver in the production pipeline, in finished and raw form. (You are welcome to come up here to conduct your own audit any time.) Contrary to reports, there remains an ample supply of silver coming from mines and refineries. There is no shortage of silver in the world.
What you fail to understand is that, like the U.S. Mint and the Royal Canadian Mint, Northwest Territorial Mint manufactures its own silver products. During times of extreme price fluctuation in the precious metals markets such as we are experiencing now, demand increases substantially. Since November, our sales have increased more than 300%. Because all mints have a finite manufacturing capability, this increase strains every aspect of our business infrastructure, from sales to manufacturing to shipping.
Unlike our smaller competitors who just resell used silver products, Northwest Territorial Mint sells factory-fresh products. While, in your eyes, our products should be shipped quicker (and we agree, and are expanding to meet this increasing demand), no one has ever complained about the quality of our products or any failure to deliver them.
With over 140 employees, Northwest Territorial Mint completed more than 69,000 individual transactions last year. The Governor of Washington named us Medium Private Employer of the Year. With an office in the Pentagon, we are the mint of choice for the U.S. military and numerous other governmental and corporate entities.
Because of the backorders created by current high demand, U.S. Mint and the Royal Canadian Mint have temporarily suspended shipments of their silver coins. Northwest Territorial Mint, while stretching its delivery times, is still shipping every day. Your inaccurate representation has generated numerous calls, taking us away from the important business of serving the people who buy silver from us.
And, yes, we expect that free advertising you are offering.
Very truly yours,
Ross B. Hansen
Northwest Territorial Mint
P.O. Box 2148
Auburn, WA 98071-2148
Direct: (253) 833-7780 | Toll-Free: (800) 344-6468
Fax: (253) 735-2210 | www.nwtmint.com
===============
Ross Hansen, I'm sick of hearing your excuses, and so are many of your firm's clients. I do very well understand that you are running a mint, one of the largest private mints around, you flew me out to see it, remember? I've never reported, and neither has anyone else, that silver is not being mined in sufficient quantity. And I don't care how long you ship, that's not the point.
The point is that you ought to tell people the truth about how long it takes you to ship! If it is going to take you 8-9 weeks, or 12-16 weeks to deliver, then report that at your web site so you are not so bothered by people who freak out about how long it takes. You will be able to keep your customers, have better customer relations, and it will greatly help your business to tell the truth. If you are telling people it will be 30-40 days, and it takes 2-5 months, you have a serious problem. And no surprise, people don't like it.
Furthermore, I will reiterate that the Washington State Attorney General logged 82 complaints against your company.
http://www.thenewstribune.com/news/local/story/276620.html
Furthermore, 26 people complained online here:
http://goldismoney.info/forums/forumdisplay.php?f=150
Furthermore, I received 18 complaints about Northwest Territorial Mint in the last 24 hours, which I posted to my member's forum, summarized below:
1. 1,000 oz of Canadian Maples, it took almost 12 weeks to get here!
I used APMEX.com to order another 1,000 ounces of Canadian Maples about 9 weeks after I ordered my NWT Mint silver, and the APMEX.com silver came before my NWT Mint suff!
2. I wire transfered the money to them on the SAME day I placed my orders. I ordered a 100.00 face bag of dimes on 2-05-08, from NWTM, and received them today. 3-19-08. That's about 6 weeks for delivery.
3. Last year I had LONG delays with my orders. One was delayed at least 2 months. It was ridiculous.
4. They were 3 months getting my order of 50 oz to me. This was about 1 year ago as well.
5. I ordered 500 Pan American silver rounds from NW Territorial Mint on Nov. 30th 2007. I sent them a check for $7,240 the next day. My coins arrived last Friday March 14th!!!!!!!!!!!!!!!!! (3.5 months, or 14 weeks.
6. I have given up hope with NWT Mint. I bought bars and coins from them 5 times, and sometimes I had to wait for many months to get my silver. Once, they simply asked if they could buy it back from me, and send me a check for the difference. I got so upset that I sent them emails for months, and apparently, they've done nothing to sort out their shortage issues. (I have a lot of emails between NWTM and myself, so I can support my claims in writing).
7. Ordered 100 oz. from them early Jan. due to deliver this Friday. Way too long.
8. Dear Mr. Hommel, I can also verify the poor customer service and LATE delivery over 6 months ago. It took them just about 2 months to deliver my silver from the time they received my check.
9. hello jason;
about 3 years ago bot some gold and palladium coins from n w mint....sent them 2 checks--one, 7k check was either lost or stolen.,,,after a number of phone calls to the firm, i got no answers, so i cancelled the check....i did receive my 2nd check coins, but weeks later, and only after repeated phone calls....did some internet investigation, and found one of the owners had a criminal record, so i'm not surprised you're having difficulty in dealing with n w mint
10. They delayed me way past the time alloted. I find them to be full of shit. When I started to complain 5 weeks after I was to be shipped their staff was rude to me. I eventually got the owner invoved. He even screwed up the order. I find them to be incompetent and would not do business with them again. I find most coin dealers that are large shady.
11. I had problems receiving an order about a year ago from NW the order did finally arrive BUT I will never do business with NW again.
12. My friend and I have been waiting on NWT Mint since Jan17th and it suppposedly just shipped out this week. So that's 48 work days or 64 days total and counting so far. So, guess it does average close to plus or minus 60 days. But We couldn't get anyone to answer our emails to them and no one would explain WHY it was taking so long.
13. My last (and I do mean last) order from Northwest Mint took 2 months to receive. I had to make numerous calls to finally get it. Never again.
14. I also had a bad experience, it took several weeks to get my silver (only 200 ozs). I never thought that I would get it at all after waiting a very long time. I was given all kind of excuses, I had paid right away with a certified money order, they still held the transaction to clear my money order. A certified money order should not have to go through a waiting period. I promised myself that I would never deal with them again.
15. Jason, I've been waiting over 60days now for my order. I was told on Monday that they had sent it out. I live in in Ontario Canada and getting more and more worried.
16. I ordered 1200 Oz. Ag from NWT mint on 11/7/07. Paid by wire so it cleared the next day.
Received said silver on 2/20/08. .......... 104 days after the payment cleared.
17. I purchased about 800 ounces from NWT mint about a year ago. It took 4-5 months to get my package. Talked with the owner, who claimed bullion was "only 20% of their business" and most of their production resources were tied up in time-sensitive government contracts (medals) for operation Iraqi Freedom. Well, they should either take down that 30 day delivery claim on their website and replace it with something accurate or stop selling bullion.
18. Jason, I ordered two 100-oz bars last August when it dipped below $12 & didn't get them until late November.
Ross, if you want the names of these people, email me, and I'll provide you with a username and access to my member's forum, so you can check your records, and deliver silver promptly. I hope you can buy all the silver you need on this dip, and I hope the sources I quoted above can help you locate the silver that you need to fill your orders. I'm just trying to help.
Sincerely,
Jason Hommel
www.silverstockreport.com
www.miningpedia.com
60days and silver back over $20 or under 5 it stays IMO.eom
have u seen the price of silver last 2 days? Major correction going on , it was needed , IMO we are now 60+ days to get back over 5.00 on CDE.....
my only error is replying to a known Jim Dial backer as yourself.
LOL OOAG CHart >
What about the MDRE stock holders in Ontario? IF , Big HUGE IF , MSITF files all of its financials and becomes current with SEDAR , Wont CEO Talbot have to make these share holders whole again? I think MDRE holders need to be considered in this play.....
lol love the truthfullness of your post!
How are those updates disseminated>? Can I get on a list or something and get these updates directly?
I agree > if they have new deals disclose them > were do you get info that they have deals not disclosed yet? Is it just message board talk? were does the info of these dealers signed up waiting to be disclosed come from?
Again > were do u get this info that new dealers are signed up and they are holding off putting out the details- that all I am asking? Were does your info come from?
I just re-read the last PRs I cant find were it says new dealers have been signed up? Please post link to this disclosure? Not a huge deal , until they put it in writing with details and file a Q showing the monies it is all just forward looking penny stock fluff. But please post link to the disclosure you are referring to?
SHOW ME THE MONEY!.eom
Again Tampa - I was NOT refering to CTBG dividend - I was refering to ALL OF THE ASSETS CEO JIM DIAL "STRIPPED FROM THE COMPANY W/O COMPENSATING GFCI" shareholders. Did I say he stripped CTBG? Did I mention ANY assets that were NOT stripped from us?
It is funny how you harp on the CTBG dividend like it makes it all better.
I am waiting for the filings , dont we have the year end K due AND the first qtr Q due soon after? I agree - lets see the year end numbers , the auditted K , Anyone want to bet they file late? IMO it is only a matter of time until DLAV stops filing and goes pink , again IMO. Mark this post. They sure do issue shares like a pink with shares "exempt" from registration , rule 155c offerings etc....
Nice pics of NADA Show Koda02! U r the ONLY one that got pics from NADA - I hope the board appreciates this? I didnt see anyone esl try to get picas or info - I hope you all sent her big time Thank yous! That is really good DD - NONE of you ould have seen the HMG banners and logo - you all wouls still be believing it was "DLAV" booth at NADA. When in FACT it was HMG/dlav booth at NADA
HMG seems to be the highlight and DLAV secondary? I wonder how much money this booth cost, the travel lodging, meals etc.. cost? How much did DLAV pay for and how much did HMG pay for????
IMO HMG got FREE ride and or more then likely billed DLAV for some "consulting" work on the NADA project.
WOW - HMG is making out here - all these new deals you see are better for HMG then for DLAV ......
SH sure has himself a good little scheme working here , if/when DLAV implodes he skates away with the tech, the leads and a nicely built private business, built on DLAV shareholders equity for sure.... wow.....
8 billion authorized , 4 billion+ underlying.eom
Who says they have new dealers signed up? If so they would PR it within seconds. Plase dont post stuff like that - you know if they had new deals , actual dealers signed up using the product , not re-sellers that will try to sell the product, thay would PR it in BOLD within minutes.
Yes it is reset time.eom
I knew it would drop right after I got that tout in the snail mail. They Always do.....
GOT,GOTL, PDEI, UERI, ADVANCED, KOVAC, am I missing any? BE CLEAR He STRIPPED GFCI ASSETTS W/O SO MUCH AS A PR!