DR. Willee's facts on the silver shortage

TAKEN FROM THE HAT TRICK LETTER

GLOBAL SILVER SHORTAGES

- strong industrial silver demand (not true of gold)

- absent depleted USGovt stockpile from 1905 created by Teddy Roosevelt

- fully 6 billion ounces of silver in stockpile has been exhausted for five years

- numerous government mints around the world have announced no silver supply

- evident in the futures contracts, in backwardation of varying degree

- expect arbitrage in full force to continue to make backward price extreme



HUGE QE2 EFFECT ON COMMODITIES

- monetary metals, industrial metals, energy, foodstuffs all rising fast in price

- silver being accepted as monetary reserve, even as asset reserve

- Chinese Govt announced plans to diversify reserves into silver

- India is the first nation to begin a silver monetization plan

- early stage of hyper price inflation in the global economic price structure

- inflation adjusted real rate of interest is minus 7%, a primary gold market fuel

- denials by USFed Chairman Bernanke is its confirmation !!!

- Ben has a nearly perfect track record of wrong analysis and conclusions



DEPLETION OF COMEX VAULTS

- demands for delivery have been heavy since September

- secret supply bailouts come from BIS and even the Holy See

- some sort of March delivery climax event might be in progress

- China has targeted the COMEX for delivery raids

- demand staved off by COMEX cash delivery with 25% bribe (contract fraud)

- metals markets have no silver !!



CHINESE PLOT TO CORNER SILVER MARKET

- China is angry at a broken secret treaty over Favored Nation Status grant

- the USGovt sold the leased metal and cannot return it to China

- China honored its side of the agreement by purchasing USTreasury Bonds

- China is angry over the unilateral QE programs on US$ devaluation

- the devaluation of the USDollar was done unilaterally without agreement

- China is angry over charges of currency manipulation by the USGovt

- the grand currency manipulator in gross violation is the USGovt & USFed

- China senses an exposed jugular vein, and is using Sun Tzu war tactics



GIGANTIC USMINT SILVER DEMAND

- January coin sales were more than 2x the demand in previous months

- mint coin sales are setting records not seen in 20 years

- the USMint is purchasing silver from the open market



SPROTT FUND CHALLENGE TO SOURCE SILVER

- the fund required over three months to secure the entire supply of bullion

- its manager reports of extremely tight silver market, no loose supply

- James Turk echoes the shortage claim, from his GoldMoney vantage point



MINING FIRMS BYPASS COMEX

- the mining firms are not given a fair price by the metals exchanges

- they are selling to the more honest investment funds, as metal source

- the funds might strangle the official corrupted COMEX on supply cutoff



SLV SUPPLYING COMEX TO MEET DEMAND

- SLV stock shares used to offset naked shorts of futures contracts

- back door to fraud written in their fund prospectus, in careful language

- 129 million oz originally came from Warren Buffett, the great deception

- prepare for a gigantic lawsuit from defrauded investors in late 2011 or 2012

- penalty in negative 2% SLV price premium, which is heading to minus 25%

- in time, the SLV fund will own zero metal

You still can't eat it.

Funny you state that Leggo. The economist Nouriel Roubini said gold/silver has no intrinsic value, and if you want to stave off inflation, buy SPAM ! Same guy who predicted the housing bubble explosion.

At least with a silver coin, you may be able to buy bread and milk. A paper dollar may be worthless.

Should I cash in my saving bonds and buy silver ? Maybe huh ?

I feel that in this point in time, the ship is without a rudder. Here is an article that got little if any major coverage today, that may have huge rammifications soon:

[www.zerohedge.com]

I guess you could eat your paper dollars if you smother em with enough salad dressing. The dollar, gold , silver are all money, But as the dollar sinks, the other two rise. Its a great way to preserve your buying power.