No shortage of silver, just silver bars, CPM Group insists

[PeacePlan]

Submitted by cpowell on 03:35AM ET Thursday, February 17, 2011. Section: Daily
Dispatches 4:19a MT Thursday, February 17, 2011
Dear Friend of GATA and Gold (and Silver):


Kitco News reports that metals consultancy CPM Group, whose managing director, Jeffrey M. Christian, has been talking down the gold and silver markets for the last $1,000 and $25 of their moves up, respectively, has issued a "research note" minimizing reports of shortages in silver.


Reports of shortages have been "blown out of proportion by the silver conspiracy theorists," CPM Group contends, and there is plenty of silver, even as silver refiners are making "silver shot" products for industry rather than investment-grade bars.


Of course since investment-grade bars are what the commodity exchanges purport to sell, rather than "silver shot," someone might want to tell the refiners or the parties who have sold what the refiners prefer not to manufacture.


You can find the Kitco News report on the CPM Group "research note" here:
http://www.kitco.com/reports/KitcoNews20110216DeC_CPM.html


CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

 

[PeacePlan]

This could be telling us a real shortage of silver has arrived at last. Industry will always get silver first because if it does not get it a panic will start. If a company sees that it is hard to get silver and their product needs silver they will buy and stockpile to make sure they are not shutdown due to lack of silver.

Could be they are at the point they can use the silver and supply industry or make bullion and industry may have to wait for delivery? Dont know but if it is the implications are huge for the price of silver if it is one or the other!

 

[pmbug]

http://www.ronpaulforums.com/showth...-of-Silver-Just-Silver-Bars-CPM-Group-insists