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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: Insatiable Silver Demand
To the dismay of our dumb and dumber newcomers here, silver demand is soaring no matter where the price goes. In the past, the take-downs would always result in a drop in demand. However, this latest take-down has not stifled demand as the cartel ruse has been exposed through internet communication and word is spreading quickly . Not only is it failing as physical metal demand is still soaring but the financial collapse backdrop is increasing safe haven investment demand.
Mix the leverage of PM shares, the massive potential of ECU, and the extreme potential energy of the silver price coil together and we are all in for the ride of the century or perhaps millenium.
Cheers Bobbsey Twins - VHF
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iShares Silver Trust: Inventory Climbs as Metal Price Plunges
by: Tim Iacono posted on: September 10, 2008
One of the many surprising aspects of this year's huge 40+ percent plunge in the silver price - from a multi-decade high of $21 per ounce in March to just over $12 per ounce as of last Friday - is that inventory held by the iShares Silver Trust (SLV) has climbed steadily over that time.
I've seen charts similar to the one below prepared by others, but it wasn't until I looked at the data myself and made my own charts that that it struck me how bullish an indicator this inventory data really is. Since March, the price has declined more than 40 percent but the SLV inventory has risen by almost 20 percent.
I've seen charts similar to the one below prepared by others, but it wasn't until I looked at the data myself and made my own charts that that it struck me how bullish an indicator this inventory data really is. Since March, the price has declined more than 40 percent but the SLV inventory has risen by almost 20 percent.
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