Brett Arends of “Smart Money” (their words not mine) wrote an article 6 Signs The Silver Market Has Gone Nuts.

1. The price spike- He says that silver has spiked and that it will collapse. Really? I guess the trillion dollar deficit is no more? Or the billion dollar a day wars are ending? Or our huge trade deficit is done? Or that China is NOT going to sell their $3 trillion dollar portfolio? Or jobs are recovering in America? Or that Wall Street should be trusted with our money again? Or that the dollar is NOT on the knifes edge of a waterfall collapse into a hyper inflation? Yeah Brett, all is well nothing to see here…

2. Madness in silver funds- He says that it is nuts to buy Sprott’s PSLV because it is trading at a 22% premium to net assets. Maybe this is because Eric has the real stuff and the SLV does not have any? Maybe there is a limited amount of seats at the table and it cost more to get in? Maybe the 22% premium is closer to the REAL price of silver instead of the crap they are peddling at the CRIMEX?

3. Silver vs. gold- He says the GSR has moved from 60 ounces of silver for 1 ounce of gold to now 33 ounces of silver to 1 ounce of gold and that it is time to trade your silver for more gold. That would be true if the natural ratio was not more like 12 to 1. I could get at least 3x more gold if I hold until then. I think there can be a case made that we may see a 1 to 1 ratio before this “madness” is over. Also why buy gold when the Banksters have tons of that and they have NO silver.

4. The conspiracy theories- He says that the tin foil hats claim that JP Morgan is suppressing the prices. He says why doesn’t the Morgue just close their positions? What he does not get is that this the plan the Elite use to suppress the silver market and inversely prop up their quadrillion dollar empire of lies. The 8 largest banks are net short 180 days of world wide silver production and it is not something they can just “cover” without bringing down the whole facade. He then says that this should be driving the banks into disaster. This would be true if they actually had to recognize these loses or if they did not have the unlimited bailout of the Federal Reserve. That being said…