Q: Why is Silver’s Price Down When Demand is at an All-Time High and All the News is Bullish?

Posted: April 30, 2008 in Your Silver Lining
Tags: , ,

” While prices may have sold off sharply, there were no obvious legitimate reasons to account for it. In fact, all the news was downright bullish. … For some reason, the news of the US Mint being forced to ration supplies of Silver Eagles due to unprecedented demand is vastly underreported and underappreciated. … Next … When you consider that there is more than 250 times more gold in the world, in dollar terms, than silver, the fact that the biggest gold ETF only exceeds the dollar amount of metal holdings in the largest silver ETF by 5.5 times is mind-boggling. … The last piece of silver news was a report from Reuters in Japan that Mitsui indicated that it had developed a process that could replace platinum with silver in certain diesel-engine catalytic converters. “
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