by Dave in Denver:
Printed money is like heroin, the patient needs bigger and bigger doses until it finally kills him or makes him totally dysfunctional. And this is what is happening to the world economy. Government benefits are increasing and the people are in need of even greater stimulus as unemployment escalates. - Egon Von Greyerz, Matterhorn Asset Management
We are starting to see the unmistakable signs of the law of supply and demand gripping the market for physical silver. By this I mean the endless of supplies of paper fiat currency chasing after the relatively fixed supply of physical silver. Last week the U.S. Mint announced that it had run out of its initial production of 2013 Silver Eagles and that new shipments would not be available until late January. This is just one of many examples.
What this means is that we are going to see a much higher price for silver over the next several months, as the Comex paper market bullion bank manipulators begrudgingly retreat in order to allow a higher market price to possibly induce some supply from existing holders how bought at lower levels. ...