Complete Silver depletion by May 2007 -
Taken from an article: One of the exciting things about Silver is the drawdown in
inventory, which is accelerating.
On Wednesday another 838,801 ounces were withdrawn,
leaving 99 million ounces.
Dealers in the registered category gave up 631,727 from
the registered category as 207,074 left the eligible stocks.
Over the past two months 9 million ounces have disappeared.
At the present rate of withdrawal Comex will be out of inventory
by May 2007.
Then there is no more.
This consumption currently does not consider any other ETF's
coming online between now and May 2007.
Imagine if one ETF comes online between now and then
and its even 25% as successful as Barclay's.
Imagine if the Canadian one is launched by then?
This all of course speculates on the new ETF -
being one where physical bullion is stored versus -
derivative instruments -
when we can expect world silver to run out? -
Based on the math, maybe a mistake in one assumption:
The Silver Report from GFMS -
• Says this is the 17th straight year that supply
has been running at a deficit to demand -
• Supply =mine output + recycled scrap
• Total demand 864.4 million ounces
• Total mine supply 641.6 million ounces
• Total scrap supply 187.3 million ounces
• The deficit is 35.5 million ounces per year
• In world stock we have 222.8 million ounces
• If we assume the ETF eats another 70 million ounces, then
(222.8- 70)/ 35 deficit/yr = 4.35 years before stock piles of
silver COMPLETELY run out -
• The last bullet assumes, foolishly, that the demand for silver
will not grow greater over the next 4.35 years -
• You should see the smile on my face right now -
maybe a few years to UNCN Longs retirement…lol..
UNCN very oversold - undervalued' - UNCN - Unico Inc. = $5.4 MILLION?
Including - The Silver Bell Mine -
The Deer Trail Gold & Silver Mines -
The Bromide Gold Mines -
We need a 'every day Update' on the -
Silver Companies > Market cap's (updated?) -
Anyone have the new Market Cap's Update? -
FMNJ very oversold - undervalued -
FMNJ - Franklin Mining, Inc. = $45 MILLION? http://www.investorshub.com/boards/board.asp?board_id=2957 http://www.investorshub.com/boards/board.asp?board_id=5406
vs. compare to -
ECU - ECU Silver = $488 MILLION http://www.investorshub.com/boards/quotes.asp?ticker=v.ecu http://www.investorshub.com/boards/board.asp?board_id=6098
HL - Hecla Mining Co = $681.71 MILLION http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=64251&qm_symbol=hl http://www.investorshub.com/boards/board.asp?board_id=6097
SIL - Apex Silver Mines Ltd. = $905.33 MILLION http://www.investorshub.com/boards/quotes.asp?ticker=v.ecu&qm_page=4079&qm_symbol=sil http://www.investorshub.com/boards/board.asp?board_id=5810
SLW - Silver Wheatonfiltered= $2.06 BILLION http://www.investorshub.com/boards/quotes.asp?ticker=v.ecu&qm_page=98063&qm_symbol=slw http://www.investorshub.com/boards/board.asp?board_id=4338
SSRI - Silver Standard Resources Inc. = $1.16 BILLION http://www.investorshub.com/boards/quotes.asp?ticker=v.ecu&qm_page=17190&qm_symbol=ssri http://www.investorshub.com/boards/board.asp?board_id=6095
CDE - Coeur d'Alene Mines Corp = $1.47 BILLION http://www.investorshub.com/boards/quotes.asp?ticker=v.ecu&qm_page=35188&qm_symbol=cde http://www.investorshub.com/boards/board.asp?board_id=5237
PAAS - Pan American Silver Corp. = $1.59 BILLION http://www.investorshub.com/boards/quotes.asp?ticker=v.ecu&qm_page=63958&qm_symbol=paas http://www.investorshub.com/boards/board.asp?board_id=4490 http://www.investorshub.com/boards/board.asp?board_id=5406
Note. if You have more updated info -
Silver comp. market cap. please, don't
hesitate to let us know -
history repeat itself - Do not let any volatility shake You out -
the more volatility the higher it will go -
the new trend waves will often be -
Fibonacci - 162% of the previous correction -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006:
Unless the United States gets all of its economic
house in order ? - Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people -
Thanks for your participations -