Administrative Matters
First, the comments section of the blog was shut down due to excessive spam but now it is open again, so please comment away as before. I am trying to keep from having to use a more restrictive approach such as requiring users to register with a valid e-mail address before posting comments, but it looks like I may have to go that route soon.
Second, we have now sent out our second communication to Founding Members of The Metal Augmentor service. An e-mail was initially sent on October 9 to update the Mining Equities Report with current share prices and we have also added over a dozen new companies to the list. Another e-mail was sent earlier this morning to describe our current Silver Option Strategies. So, if you’ve registered and paid as a Founding Member and haven’t received any e-mails about The Metal Augmentor, it is possible that you may have provided a bad e-mail address or otherwise your hosting server or spam filter is blocking e-mail messages received from our mailing account (we are currently using a service called Constant Contact). In either case, should you wish to receive our e-mails but you are not receiving them, please let us know at info@metalaugmentor.com. I’ll conclude by noting that we are still building the website for The Metal Augmentor, so not receiving our e-mails in the meantime means that you are missing out on some of the free benefits of being a Founding Member.
2 Observations…
1) Every time Bernakie speaks, SLV is hit hard. It reminds me of how the administration would raise the terror alert to redirect peoples’ attention away from certain matters, or just to get their way. They kept this up until the media exposed them.
SLV holders’ need to contact the media, and report this potential story. A few hundred similar “tips”, could start the ball rolling. If the Fed realized everyone knew what was going on, it would stop immediately. That would be a big change, and would be the beginning of the end, for silver manipulation.
2) The SLV holdings, which showed big increases when they were being updated regularly, seem to have stopped being updated. Is this a sign of more naked shorting? Are the increased holdings considered bullish for silver and being withheld? Any ideas?
It could be a sign they’re having trouble finding silver to buy. How do the custodians of SLV assure they can secure enough silver to meet share purchases? I continue to be perplexed by SLV. I don’t understand why it tracks so close to paper silver when (in theory) there is real silver backing it up. I guess it means there is zero shortage of 1000 oz bars.
SLV holdings are up to date through yesterday, they just haven’t increased because there hasn’t been a huge amount of buying pressure (my basis work is able to pinpoint when there is buying pressure and when there is not). I don’t believe they are having trouble finding silver to buy and so yes (for now) there is “zero shortage” of 1000 oz. bars.