If you have read the investor information booklet “Why Buy Gold” by David Mitchell, then you may be interested in these new sections.
David said this is something he has been hyper aware of since before year 2011, and that he actually sold a good amount of his own silver in 2011 and started buying it all back late 2015 and 2016, and averaging again at these levels in silver and PGM’s (Platinum Group Metals).
David says, “You may find it of interest, it’s focused on gold, however, I am personally a lot more bullish silver and PGM’s.
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Second attachment – Banks Cover Silver Shorts
The banks pushing the silver price below all-in-cash costs of prime silver mine production has yielded the results they were desperate to trigger, the funds, technical funds and speculators have been forced to stop loss their open long futures contracts into the open arms of the banks and thus covering their enormous short positions.
This is bullish silver prices and not bearish.
Visit the GBA Charts and Prices page to see how the price has moved (in AUD) recently.
If you would like to discuss or ask any questions, please contact the GBA team.
You can also contact us to discuss bulk specials, particularly for Cast Silver Bars.