Quote of the Week/Commentary:
“…the stage is set for something the world has never experienced previously – an asset bubble accompanied with an industrial shortage. The two greatest upward price forces known to man, an asset bubble and a genuine commodity shortage, appear set to combine in silver. Either one, alone, would have a profound impact on the price, but the combination seems both inevitable and almost impossible to contemplate in terms of how high the price of silver could be driven. And it’s hard to see how intense investment buying wouldn’t trip off industrial user attempted inventory stockpiling or vice versa; it doesn’t matter which comes first…
As a result, any bubble in silver must and will develop from physical investment buying. Surely, any industrial user inventory buying panic must involve immediate physical delivery and not a paper futures contract in a time of delivery delays and uncertainty. In fact, it is hard to imagine, as a silver bubble begins to develop, a greater urgency for holding only physical metal to intensify, due to a growing recognition that the COMEX manipulation was responsible for the former low price.
Since I am speaking in terms of a potential historic asset bubble in silver, I am implying that the price of silver will far exceed its true value at some point before correcting sharply. It is before that collapse point, that God-willing, I intend to sell. I am not deluding myself that I will come close except hoping not to be terribly early or late. While I respect anyone’s reasons for buying and holding silver, my mission has always been to help end the manipulation and be done with silver after that was accomplished and reflected in the price."
This article is based on a commentary of Ted Butler’s premium service at www.butlerresearch.com
Headlines and Links of Interest (The headline is the hyperlink):
The Morgan Report (TMR) If you are a Member – or intend to become one – now is a great opportunity to gain access to our content-rich website here
The October issue of The Morgan Report is now available for subscribers. In this month's Editorial, David Morgan takes a look at the "natural order" of things, then moves into discussing his views about the current price of silver and how it may fare over the near to intermediate term.
This issue deals with the intriguing topic of "How to force the shorts to make you buy silver dirt cheap, and get paid for doing so..."
Next up is a "full meal deal" discussion about a mining company Special Situation for Speculators, followed by the always-informative Letters to the Editor and Asset Allocation sections. Be sure to mark the dates October 23-24 on your calendar! The 12th Annual Silver Summit, held at the Davenport Hotel in Spokane, Washington is not that far off. Your Editor will be in attendance and speaking as per usual. We look forward to seeing you all there!
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