The short squeeze in silver can't be averted by mine production

[PeacePlan]

4p ET Tuesday, February 22, 2011
Dear Friend of GATA and Gold (and Silver):


The short squeeze in silver can't be averted by mine production as the metal increasingly is targeted as a monetary asset, Sprott Asset Management's John Embry tells King World news today. Excerpts from the interview can be found at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/22_Em...


Or try this abbreviated link:


http://tinyurl.com/4jec2wh


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

 

[pmbug]

Even if the mines were somehow able to increase production rates, future inventory has already been sold if the reports of hedging are true.