Saturday, March 5, 2011
More silver news...
Adrian Douglas marketforceanalysis was interviewed on Future Money Trends - yesterday (March 4th).
In the first part of the interview around the 7 minute mark is where he says the true price of gold is around $67,000 per ounce per dollars on the market. It is what the true value of the dollar is. Around 9:15 of first video, he says he thinks silver will trade more than gold, due to it not being recycled. He says silver is more scarce than gold because there is less of it than gold now.
Says he heard a Swiss bank has been advised to get rid of it's SLV and GLD, since there is nothing to back them.
At the beginning of this interview, he says he believes most above ground silver is gone and around 2:30 mark he says there haven't been deliveries this month of March. He says cash settlements are going on for contracts not to take delivery. He says there are many signs that there is a significant shortage of silver.
He says those who are investing in it don't want to blow the market up, just so they can keep buying as much as possible. I posted about the Word is JP Morgan is paying 80% premiums for people not to take physical delivery of their standing orders.
Read more and watch videos here: