iShares Silver Trust (SLV)

[hotrod34racer]

art23 I'm very bullish on silver but feel I need to help you with your facts on silver production and pricing.

Most mining companies are either losing money or barely out a profit right now with silver at $20 an ounce.

1) 70% of all silver mined in the world is a byproduct of other base metal mines including gold. It is a byproduct! I.E. Extra free $$$ and most inst 30% unless your Kellogg's!

If the price falls to under $10 then most will fold and eventually supply will dry up which will obviously cause the price to rise.

2) if it falls to $1 an OZ 30% of production will stop! and yes this should make the price go up IMO

In a deflationary depression

3) Is that a cool way of saying most manipulated commodity in the history of mankind?



Cheers Buds \_/