iShares Silver Trust (SLV)

[DownWithPumpers]

Many people simply disagree with your view of costs and surplus.

My view is that when you look at the financial statements of miners their cost is easy to figure out, and it's very low.

69% operating margin: http://finance.yahoo.com/q/ks?s=SLW+Key+Statistics

Each dollar of revenue costs 26 cents (218718/849560) http://finance.yahoo.com/q/is?s=SLW+Income+Statement&annual

This means they can cut prices by 74.25% (849560-218718)/849560 and still make money.

What's your counter-argument? They're lying about their profits so they can pay more taxes, or, ...?