Gold Production in Mexico

Targeting 2013 annual production of 118,000 ounces of gold

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Message: OT ~ What more can one say?

What more can one say?

Andy Hoffman
Thursday, December 12th

What more can one say? Clearly, the Chinese announcement last week that it no longer intends to accumulate foreign currency reserves was a death knell for "tapering"; and shortly, PM price suppression. Today's attack - amidst utterly ZERO news other than much higher than expected jobless claims - was clearly motivated to quash this week's budding PM momentum. However, with physical supplies rapidly dwindling (what will COMEX registered inventories look like after the 12/31 delivery period ends?) and surging global demand (23% Indian premiums!), it's only a matter of time before reality overcomes manipulation.

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