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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: very interesting - Last desperate grab for bulk Silver
3
May 01, 2008 03:52PM

Re: very interesting - Last desperate grab for bulk Silver

in response to by
posted on May 02, 2008 05:54AM

Holy smokes. A withdrawal of this size has got to be a record. This is great news because I believe large investors have been holding off big purchases of *Physical* Silver until confirmation that the ongoing shortages reported by small retail investors, has finally spread to the arena of those who buy LARGE in bulk. Well folks the good news is this might be happening before our very eyes right here and now.

From what I have read so far in recent weeks, reports indicate that ample Silver has been available to those who wanted to purchase large quantities, so it is only human nature not to rush in headlong to buy Silver - until now. However feelings of supply security one day can quickly morph to fear the very next especially when half of the available Criemx Silver is gobbled up in one fell swoop as GWR1 has reported. One thing is for sure, this huge unprecedented 20 Million ounce delivery notice must have the PTB very concerned as it shines a very bright light on the Cartel's mirage of ample global Silver stockpiles.

At any rate this is the best news in a long time for beaten up Silver bugs. A rush to purchase Silver in this size on the open market paves the way for a wave of followup panic buying that would lead to a wonderful meltup in Silver. The $64,000 question is how much of the "Eligible category" Crimex Silver can be quickly freed up into the Registered category to avoid a panic run into Silver for the last few precious ounces. The Cartel has to move fast to avoid losing control of Silver but this might not be possible if the majority owners in the Eligible category are legitimate investors not Cartel controlled. Silver ETF investors beware as your stockpiles become legitimate targets for desperate Cartel raiders, all in the interest of "National Security" of course.

ESL

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