Quote

Silver Stock Report "...Even if the mints are at maximum capacity, the market is demanding far more than they can produce. So, product shortages will continue for months, even if there is no 1000 oz. bar shortage (but I think there is a shortage of 1000 oz. bars.)"

ReportGold
Date09/10/2008
Loaded Date09/10/2008
TitleMints Maxed Out
Quote"...A: Sunshine mint, who make blanks for U.S. Mint's Silver Eagles, says all new orders have an estimated lead time of 5 months, out to February.

B: NWT Mint, has lead times of 4-6 months.

C: Johnson Matthey refinery stopped taking orders for 100 oz. bars, as we know.

D: Perth Mint remains a joke, claiming to have $880 million in gold and silver in "working inventory"; but more than half is leased out to their 40% owned AGR Matthey, which is closing offices during a time of record demand from the public. I mentioned that to the mint master of the Sunshine, and he laughed, and was flabbergasted, knowing what he could do with that.

Even if the mints are at maximum capacity, the market is demanding far more than they can produce. So, product shortages will continue for months, even if there is no 1000 oz. bar shortage (but I think there is a shortage of 1000 oz. bars.) Further, they are not raising prices, nor will they allocate product to higher bidders.

The Paper silver price is going down faster than the physical silver price. So, people who own paper silver are losing more money than people who own real silver. Premiums for physical are growing, and will likely continue to go up for the next 6 months, or perhaps indefinitely.

Dealers who have hedged in paper, are falling behind, and do not want to bid higher for real metal. They are hoping that premiums, the price paid over spot for physical silver, will come down. It probably will not." (9/10/08)

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Date Company
09/18/2008 New Nadina Explorations Ltd. NNA:TSX.V