Paramount Gold and Silver Corp (PZG)

[lootie]

A higher resource estimate coming,along with more fine drill assays.
The SP looks crazy,then again,so does the price of silver.

Look at the price of silver.The price tells us the metal is doing little,a balanced demand supply situation,the basic laws of economics suggest.And of course,the price has nearly halved quite recently.Hmm,a dog without a tail.

But there is a tale.Try to buy silver.NZ,Australia,Holland,Canada,USA -join the cue.You will not buy it close to spot.No $12 silver anywhere.For example,the NZ Mint,for gold,but mostly silver,is doing a months business in a day now.Their demand situation has changed dramatically at these prices.And they are now selling quite a lot of gold 1 ounce pieces worldwide.In London,one dealer have gold buyers cueing in the shop,then cueing out in the street.Now consider delivery.

See how long you will have to wait.I was offered silver in 6-8 weeks,3 weeks ago.Now I am offered more silver,but the delivery delay is out to 16-20 weeks.The delivery dates are moving out because buyers are making the cue longer as supply cannot meet demand.But the price is not moving dramatically as the futures maket is fixed.

Clive Maund,on his website is seeing a major breakout occurring soon as the demand totally swamps the suppliers of coins and bars.This must happen at some stage.