Replies to post #33717 on iShares Silver Trust (SLV)

[Bodhi_Trades]

An oz of physical silver as of this weekend was $30. Still sounds incredibly cheap to me. People calling the squeeze over are simply trying to cover their short positions or incredibly thick. Buy the real thing, then buy some $slv

[AlwaysRed]

Do I think that the big banks have all the silver? Not a snowballs chance in hell.

JP Morgan has the biggest horde.

The price is dictated by SLV. SLV can be paid out in FRN's. The paper market has been fractional reserved into oblivion. There is no way they have physical to cover all the paper. No way in hell.

But they don't have to due to the SLV market. They have unlimited digits.

Spot price is dictated by SLV, And the miners are contracted. Believe me, the miners are as involved in this as the banks are.

NEVER TRUST A METAL SALESMAN!!!

Take a look at who own Barrick. Bush family interests?

Remember there, there is physical supply to the people that need it. To the banks and retailers. NOT to bullion supply chains. Not to us people. We don't matter. There will be a trickle affect to the bullion distributors.