Best of the Week
Most Popular
1. Climate Change Mass Extinction - Birds, Bees and Bugs: Going Going Gone - Richard_Mills
2.A Purrrfect Gold Price Setup! - Peter_Degraaf
3.Who Finances America's Borrowing? Recession Indicator for Independent Thinkers Part 2 - F_F_Wiley
4.America’s One-sided Domestic Financial War - Raymond_Matison
5.Gold Price Summer Doldrums - Zeal_LLC
6.Two Key Events Will Unleash Gold - Jim_Willie_CB
7.Billionaire Schools Teacher in NAFTA Trade Talks - Richard_Mills
8.Get Out Of Crypto Cannabis Bubble Before It Pops and Move Into Bargain Basement Miners - Jeb_Handwerger
9.Stock Market Could Pullback for 1-2 weeks, But Medium Term Bullish - Troy_Bombardia
10.G7 Chaos, Central Banks and US Fed Will Drive Stock Prices This Week - Chris_Vermeulen
Last 7 days
Soybean Price Hits 9 Year Low Due to Trade War - 24th Jun 18
Small Cap Stocks, Technology and Pharma To Drive A Renewed Market Rally - 24th Jun 18
Gerald Celente: Why You Still Need Guns, Gold, and a Getaway Plan... - 23rd Jun 18
Cheap Gold Stocks Bottom Basing - 23rd Jun 18
A Trade War Won’t Be Good for the US Dollar - 23rd Jun 18
SPX/Gold, Long-term Yields & Yield Curve 3 Amigos Update - 22nd Jun 18
Gold - How Long Can This Last? - 22nd Jun 18
Dow Has Fallen 8 days in a Row. Medium-long Term Bullish for Stocks - 22nd Jun 18
Trouble Spotting Market Trends? This Can Help - 22nd Jun 18
Financial Markets Analysis and Trend Forecasts 2018 - A Message from Nadeem Walayat - 21st Jun 18
SPX Bouncing Above Support - 21st Jun 18
Things You Need To Know If You Want To Invest In Bitcoin Now - 21st Jun 18
The NASDAQ’s Outperformance vs. the Dow is Very Bullish - 21st Jun 18
Warning All Investors: Global Stock Market Are Shifting Away From US Price Correlation - 20th Jun 18
Gold GLD ETF Update… Breakdown ? - 20th Jun 18
Short-term Turnaround in Bitcoin Might Not Be What You Think - 19th Jun 18
Stock Market’s Short Term Downside Will be Limited - 19th Jun 18
Natural Gas Setup for 32% Move in UGAZ Fund - 19th Jun 18
Magnus Collective To Empower Automation And Artificial Intelligence - 19th Jun 18
Trump A Bull in a China Shop - 19th Jun 18
Minor Car Accident! What Happens After You Report Your Accident to Your Insurer - 19th Jun 18
US Majors Flush Out A Major Pivot Low and What’s Next - 18th Jun 18
Cocoa Commodities Trading Analysis - 18th Jun 18
Stock Market Consolidating in an Uptrend - 18th Jun 18
Russell Has Gone Up 7 Weeks in a Row. EXTREMELY Bullish for Stocks - 18th Jun 18
What Happens Next to Stocks when Tech Massively Outperforms Utilities and Consumer Staples - 18th Jun 18
The Trillion Dollar Market You’ve Never Heard Of - 18th Jun 18
The Corruption of Capitalism - 17th Jun 18
North Korea, Trade Wars, Precious Metals and Bitcoin - 17th Jun 18
Climate Change and Fish Stocks – Burning Oxygen! - 17th Jun 18
A $1,180 Ticket to NEW Trading Opportunities, FREE! - 16th Jun 18
Gold Bullish on Fed Interest Rate Hike - 16th Jun 18
Respite for Bitcoin Traders Might Be Deceptive - 16th Jun 18

Market Oracle FREE Newsletter

5 "Tells" that the Stock Markets Are About to Reverse

Silver Bullion – Perfect Storm Brewing in the Market

Commodities / Gold and Silver 2016 Jun 03, 2016 - 01:44 PM GMT

By: GoldCore

Commodities

Silver bullion is seeing a “perfect storm” brewing in the physical market according to an article replete with some recent videos about the silver market by Rory Hall of the precious metals website, The Daily Coin.



From the Daily Coin:

Silver has been money longer than gold. Silver is called the “people’s money”, while gold is called the “money of kings”.

In the U.S., silver was an integral part of our monetary system until 1964 when it was gradually removed from coins. This change has not slowed the depletion of above ground silver stocks, nor has it changed the volume of silver being used, on a global scale, for everything from computers, TV’s, cell phones, bombs and solar panels to name but a few. Silver is vital manufacturing material in today’s world and, as stated, is money.

This is to say nothing of the investment demand that has exploded over the course of the past ten years. Investment demand for silver coins and bars has never been higher. The U.S. Mint, Royal Canadian Mint and Perth Mint all set new records for silver in 2015. All three of these mints are on pace for another new record in 2016. Physical silver is in high demand for every purpose in which it can be used.

Let’s review some of what we know to be absolute facts regarding physical silver in 2015-2016 and beyond.

  • China and India both have massive solar energy programs for each country – which requires, literally, tons of silver
  • China alone will produce over 100GW (gigawatts) of solar power by 2020 (they are currently way ahead of this deadline and may increase the amount of solar power they produce) – this will power some 300 million homes (100 million U.S. equivalent)
  • Morocco has plans to energize over 1 million households with solar power by 2018

As noted in the following interviews with Jeff Brown, China Rising, China has been importing raw silver dora bars as well as silver ore/concentrates. This means China will take all the physical silver available in whatever form is readily available. This is to say nothing of the fact that China mines approximately 100 million ounces of silver annually on her own soil!! That is massive demand for a single item.

Solar Energy Drives Silver Demand in China

Unlocking the Secrets to China’s Silver Demand

If we look at the mining industry, which is how silver comes to market, we see an industry that has been abused, unloved and drained of capital inflows for the past 3-5 years. Without mining companies digging silver out of the ground silver will be completely depleted and we will only be left with above ground inventory. This will never happen, but the mining industry is a capital intensive industry and without new inflows of capital, either from the sale of their product, at a profit, or investment capital, mines begin struggling and, in a lot of cases, will slow down or shut down the operation very quickly.

This has been the case over the past several years.

  • China is buying, outright, or acquiring controlling shares of mines around the world – primarily gold mines, but probably silver mines as well
  • First Majestic, a primary silver mining company was recently contacted by a large technologies manufacturer to directly purchase silver from the source
  • U.S. Mint has, not only sold out 100% of their stock on three different occasions in the last three years, but have been rationing sales of American Silver Eagles since June 2015 with no sign of change for the near future
  • U.S. Mint has set new all time sales records of American Silver Eagles for the past three straight and is on pace for another all time sales record in 2016 (personally I believe the U.S. Mint will manage their inventory and avoid a new record in 2016)
  • Royal Canadian Mint has set new all time sales records for Silver Maple Leafs for the past two consecutive years and is currently on pace to three-peat
  • Royal Canadian Mint (RCM), like the U.S. Mint has struggled over the past two years to keep up with demand. RCM, like the USMint sold out of product and had to shut down operations until they could produce enough product to reopen.
  • RCM was completely sold out of 10 oz. silver bars between June 2015 and February 2016 due to a lack of product to produce the bars!
  • Perth Mint, in Australia, set a new all time sales record in 2015 and is on pace to repeat in 2016

The interview below, with CEO, First Majestic, Keith Neumeyer was recorded on April 24, 2016. Keith, while not naming the company, explains how his silver mining company was contacted regarding a direct line of silver for one of the large technology manufacturers.

Silver, More Rare Than the Market Understands

As you can see owning physical silver may be to your advantage. While the most popular silver coins in the world are setting new sales records, entire nations are implementing silver dependent energy sources (solar) and the companies that can actually deliver the raw material are slowing or shutting down; this makes for a perfect storm in the silver market.

One last thing. On January 28, 2016 the silver futures market and the silver spot market (this is where the exchange rate (price) of silver is set) experienced a “glitch”. The market shut down for approximately 15 minutes while the “market makers” were attempting to sort out an anomaly that had occurred. The “glitch” was an $0.80 difference in the future contract price and the spot price of silver. This was a failure of epic portions by the people controlling the silver market. Just a few weeks later, Deutsche Bank, was found to have rigged both the silver and gold markets and within 24 hours of this unprecedented decision there were two civil class-action lawsuits brought against Deutsche Bank totaling over $1 billion.

Bill Murphy: All about the Physical Market

The bullion banking cabal is in trouble. The physical silver market is on fire with demand. Physical silver supply is strained. The storm grows stronger by the day.

Got silver coins and bars?

Read the article on the Daily Coin here

We recently re released our comprehensive silver interview with Jan Skoyles in which we discuss many of the key fundamentals alluded to by Rory Hall. Nothing has changed and arguably the fundamentals are even more bullish today than they were then.

The Get Real Silver interview with the astute Jan Skoyles looks at why silver is set to soar again and the vital importance of owning physical silver coins (now VAT free in UK and EU) and silver bars. It can be watched here:

GoldCore: Why Silver Bullion Is Set To Soar

This update can be found on the GoldCore blog here.

Mark O'Byrne

IRL
63
FITZWILLIAM SQUARE
DUBLIN 2

E info@goldcore.com

UK
NO. 1 CORNHILL
LONDON 2
EC3V 3ND

IRL +353 (0)1 632 5010
UK +44 (0)203 086 9200
US +1 (302)635 1160

W http://www.goldcore.com/uk/

WINNERS MoneyMate and Investor Magazine Financial Analysts 2006

Disclaimer: The information in this document has been obtained from sources, which we believe to be reliable. We cannot guarantee its accuracy or completeness. It does not constitute a solicitation for the purchase or sale of any investment. Any person acting on the information contained in this document does so at their own risk. Recommendations in this document may not be suitable for all investors. Individual circumstances should be considered before a decision to invest is taken. Investors should note the following: Past experience is not necessarily a guide to future performance. The value of investments may fall or rise against investors' interests. Income levels from investments may fluctuate. Changes in exchange rates may have an adverse effect on the value of, or income from, investments denominated in foreign currencies. GoldCore Limited, trading as GoldCore is a Multi-Agency Intermediary regulated by the Irish Financial Regulator.

GoldCore is committed to complying with the requirements of the Data Protection Act. This means that in the provision of our services, appropriate personal information is processed and kept securely. It also means that we will never sell your details to a third party. The information you provide will remain confidential and may be used for the provision of related services. Such information may be disclosed in confidence to agents or service providers, regulatory bodies and group companies. You have the right to ask for a copy of certain information held by us in our records in return for payment of a small fee. You also have the right to require us to correct any inaccuracies in your information. The details you are being asked to supply may be used to provide you with information about other products and services either from GoldCore or other group companies or to provide services which any member of the group has arranged for you with a third party. If you do not wish to receive such contact, please write to the Marketing Manager GoldCore, 63 Fitzwilliam Square, Dublin 2 marking the envelope 'data protection'

GoldCore Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules