The next in the Bob Moriarty parade of traitors traders is Puru Saxena. Puru wrote a quick piece talking about this technical trading note of the outside inter day reversal. This again is supposed to get everyone to think this was the blow off top and that this is the time to short. He parrots Mark Taylors point that “we want to make it clear that there is no shortage of physical silver and the world is not running out of the metal. Anybody who says otherwise is only engaging in propaganda and trying to separate you from your money.” I would say again to all of these traitors traders, that the buyers are physical buyers and will hold until the dollar dies. The sellers are paper tigers hoping to catch a break. (Watch Wall Street Laughs at Main Street.)

Barron’s wrote and article called Why Silver Will Tarnish. This trite little article is a their attempt to assure their readers that there is nothing to see here and stick with their advertisers who peddle paper. Her first argument is that the demand has been pushed up by individual investors who have been driven out of gold and that “the little guy is less likely to hold silver over the long run.” First, I and many other investors can afford to buy a lot of gold but we wisely chose to invest in silver. And her comment that us little guys won’t hold for the long term is ridiculous. Most investors that I know are buying silver for the end of the dollar, not for some short term trade.

Her second argument is that silver is more used in industrial applications and that the weakening economy will lessen demand. Show me where silver demand is falling? It seems every growing industry has some silver in it and silver’s uses are second only to oil. As I have stated before the monetary demand of silver is insatiable and just now getting started.

Her third argument is that silver is more volatile than gold. I would agree with her but what does that speak to the fundamentals of silver. I have shown that if you adjusted for REAL inflation, not the government propaganda inflation numbers, silver would have to get to $500 an ounce. Gold also is close to doubling its 1980 nominal high of $850 while silver is just barley cracking its previous nominal high. Silver has a long way to go even before a dollar collapse.

Her final argument is that miners will respond will increased supply to meet the rising prices. Really? Silver is up like 900% this in the past 10 years and the best that I can tell, mining production has maybe increase 15% over that same time period. And how about all of those huge stockpiles that we burned through? And what about miners being nationalized? Next…