these were peter spina's comments today on paper markets pricing and metal-related investments:

Physical demand has been unprecedented in recent weeks. Large premiums over spot prices with shortages of all kinds of bullion products being reported. Example, 100 ounce COMEX silver bars are being sold at $3+ above spot price where months ago the premiums was around $1/2 per ounce. US Silver Eagles are demanding $4-$6+ premiums over spot, months ago they would have commanded a $2 or so premium. Gold Eagles are going for $70 or more over the paper spot market price.

This is the true market in the end and I do not believe in the full integrity of the gold/silver's paper markets' pricing mechanism at this time. I fully expect large price swings (extreme volatility), but the overall trend in the coming months will be to the upside. Gold and silver stocks continue to get battered with valuations becoming incredibly attractive. They are down with the general markets but in the near future I fully expect a vicious reversal in the precious metals stock sector.

Gold and silver investments will attract the ever growing flight of capital out of general markets and investments. Short-term downside risks still do remain despite some incredible mid to long term prospects for mining stocks