Following extracted from 'Daily Pfennig' for May 12th by Chuck Butler:

[ I was doing some reading on Friday, and came across something that Silver guru Ted Butler (no relation that I know of) wrote about Silver. Ted was quite happy about the fact that he received some correspondence from the GAO (Gov. Accounting Office) that they were looking into his allegations of Silver price manipulation. But the next thing he said really caught my eye. "After more than 25 years, I know better than to place all hope for ending the silver manipulation on any one government agency. Besides, I know the coming silver shortage will accomplish that in time anyway."

The comment about the coming silver shortage, really caught my eye.. So I began to do some additional research on this, and found out that for many years, the world used more Silver than it has produced. But I bet if you asked Joe on the street, he would probably say, "Shoot Rudy, there's more Silver in the ground than you can shake a stick at". And he would be wrong!

Many financial analysts, investing experts and even geologists believe that a Silver shortage is upon us. Peak Silver if you will.

Now, knowing this part, the next part will lead you to believe, and that is if you believe in supply and demand dictates price, that Silver should be on the road to rally town, yeah, yeah, we're going to rally town, yeah, yeah, we're going to have some fun, we're going to fool around, we're going to rally town!

According to metal expert Luke Burgess, "Despite the lack of global stockpiles, new technology will continue to discover more industrial applications for silver, putting a further strain on world supplies." Right in line with this assertion, the Silver Institute predicts that silver demand for industrial purposes will increase by 36% by 2015.

Uh-Oh.. increased uses equals increased demand, and with limited supply. ]

From:
Chuck Butler
President EverBank World Markets
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