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January 11, 2011 / Hal (GT)

Shortages in the physical Gold and Silver markets.


I was all excited this morning when I got up and keyed up the real time spot price for gold on my cell phone using Lear Capital’s Mobile link. It was over $1,380 and looked to be going higher. Of course, come the market open a seller hit the button. Right now looking at the desktop app it’s at $1,379.10. Not too bad, but I’d like to see it close above $1,385.00.

Which, given some of the latest news items, shouldn’t be too hard if markets are not being manipulated.

Physical Market Continues To Show True Value Of Gold

And from GATA: Plenty of silver paper but metal is scarce, Sprott warns

“Frankly, we are concerned about the illiquidity in the physical silver market,” said Eric Sprott, chief investment officer of Sprott Asset Management. “We believe the delays involved in the delivery of physical silver to the Trust highlight the disconnect that exists between the paper and physical markets for silver.”

It’s just a matter of time before the market takes off again I think. You would do yourself a favor I think if you read this analysis from Peter Grandich. This man continues to be a  voice of stability and reason for me: The More Things Change…

In just a few days after reaching all-time nominal highs, gold and silver is for the umpteen time being wildly bantered about as topped out –again! And as usual, the horrifically wrong gold bears and the media that continues to provide them “crying wolf’ space, continues to draw lines in the sand saying this time is indeed different.

Here’s some other items you might find of use:

Economists foretell of U.S. decline, China’s ascension

The Fed’s QE2 Traders, Buying Bonds by the Billions

Gold Must Exceed $2,000 to Be Considered in a Bubble, Deutsche Bank Says

Judge orders Fed to deliver gold records for her review

Deepening crisis traps America’s have-nots

Ben Davies – Specs Flushed, We Have Been Accumulating Gold

Decline in U.S. housing now greater than in Depression

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