Bill,
Just putting my thoughts into perspective, I want the whole GATA Army to realize just how tight the silver physical market is, and how easy it is PROVE it.

Over the past two years, I have spent a large amount of time researching the various ways to buy physical gold and silver, particularly silver as I believe it to be far more undervalued (as well as far more barterable for this reason).

While there are obviously hundreds of coin shops, there are really only a handful of major players in America in the coin selling business, and after a while of following the business you get to know these players.

Silver is a tiny, tiny market, with estimates of AVAILABLE, INVESTABLE SILVER BULLION WORLDWIDE generally in the 200-500 million oz range, or just $5-$15 billion at current prices, a pittance in the global securities markets. And remember, this is a WORLDWIDE figure, a world where nations such as India and China are far larger buyers of bullion than America.

In other words, there may be less than 50 million ozs. (a measly $1.3 billion worth) of available, investable silver coins at American dealers, enough to actually count up by hand if you call the major American dealers, such as Tulving, APMEX, and the Northwest Territorial Mint. And if you watch eBay as carefully as I do, you get to know all the major players there (usually smaller, regional coin dealers) and thus can get a good feel of available supplies.

I am telling you that, based on what I currently see from these dealers cumulatively, this is the tightest I have EVER seen the physical silver market in America, at least in the two years that I have been watching like a hawk.

HUGE premiums over spot (15% on average), even for lesser coins such as Maples, Buffaloes, etc., shrinking or zero inventories, delivery delays, etc.. Heck, in the last two days I’ve watched actual AUCTIONS for 20-100 coin lots of Silver Eagles DISAPPEAR ENTIRELY, replaced only by "Buy it Now" sales at way above spot prices, such as $34-$35/oz..

And now, with the onslaught of anti-Cartel actions, starting with GATA of course but now closely followed by the National Inflation Association, Silver Circle, Max Keiser/Alex Jones ("Buy Silver, Crash JP Morgan"), and of course silver stalwarts such as Jason Hommel, Ted Butler, and now the mainstream BART CHILTON (nice call on that one, Bill!), it looks like the end of the Cartel is nigh, especially as December and January are the two largest PM buying months of the year.

Silver is the Achilles Heel of the Cartel due to its TINY SIZE, and IT WILL BE THE STRAW THAT BREAKS THEIR BACK!

BUY SILVER, CRASH JP MORGAN!

James Mc…

Comment: While you're at it buy ECU!!