Silver stuff

[Serpo]

Bob Chapman....


http://libertyarchives.com/farlive/FS2_WED.MP3


The Silver Platter Opportunity

By: Jim Willie CB, Hat Trick Letter

Note the green arrow in September 2007, a strong signal when silver was at a $12/oz price. Note the green arrow in October 2008, a strong signal when silver was just above the $9/oz price. The same type of signal is identified with yet another strong signal here & now in July 2011 with silver price at $35-36/oz. It is ready for the next big upleg. This time gold might lead, but as usual silver will follow and run fast and hard making yet more breathtaking gains. The great springtime consolidation is over. The power merchants have spent their ammunition with no lasting reversals, only pause with consolidation. They must manage unending financial crisis without motive toward remedy or solution. The climb has begun. Eager investors have waited and will wait no longer. The Chinese have already begun to re-enter the gold & silver markets armed and loaded with a $3 trillion war chest. Hong Kong exchanges await the precious metals trade. Lawsuits against the tainted SLV and GLD funds are in progress. A little more backfilling might be required. The fundamentals are incredibly powerful and bullish for both precious metals. The global monetary and sovereign debt situation is in ruins, crumbling more with each passing month. If corrupt henchmen are not in charge, then clowns and charlatans are at the USGovt, its finance ministries, the USFed itself, the many regulatory bodies, and so much more.

http://www.silver-info.com/the-silver-platter-opportunity.htm

[Serpo]

PAST SIGNAL PERFORMANCE

Consider the silver price move from the two points in the past. The move up by 50% in six months to March 2008 was interrupted by the Wall Street meltdown, followed by the insolvent collapse of the US banking system. Those who bought all the way down from $20 to the bargain price of $9.5 were amply rewarded. The key was to avoid leverage, paper contracts, and the mainstream nonsense spouted daily with errant focus and deceptive view. The sudden banking system insolvency in 2008 was followed by grand orchestrated attacks on the entire anti-USDollar trade. Hardly a hedge fund was not attacked by their own creditors and brokers on Wall Street, incredibly desperate to stay afloat. They found relief in white pixie dust. The US banks collapsed but did not suffer failure. Instead, with FASB aid, coupled with TARP confiscated funds, they continue to limp along as Grand Zombies. The silver price gain since October 2008 has been on the order of 4-fold, almost 300%. This is a stunning gain. The same will be said when silver surpasses the $100 price level. The ruin of major currencies in falsely posed money forms, the parade of USGovt debt, the hapless unfixable condition of the USEconomy, the submerged US households, and the US banks suffering from shadow home inventory coupled with investor lawsuit marred by defiant default in legal challenge, these over-arching factors assure much greater ruin of money. They assure a march to $100 silver. Many naysayers will be silent a year from now.

same link

[Serpo]

This bill board for silver spotted in Brisbane Australia.......10 M long and 4M wide

[Serpo]

India's MMTC to import 12% more gold, 30% more silver

The Indian government's largest trading arm is likely to hike shipments of gold in the year to March 2012 by 12% to 265 tonnes, with silver too getting a boost to around 1,500 tonnes.
Author: Shivom Seth
Posted: Friday , 08 Jul 2011

MUMBAI -

With demand for precious metals skyrocketing in India, the country's largest bullion supplier and the biggest trading arm of the government MMTC Ltd is eager to step up imports of gold and silver.

The state-run trading company called Minerals and Metals Trading Corporation (MMTC), expects to import around 275 tonnes of gold in 2011-12, as compared to the 245 tonnes that it brought in a year ago. As for silver, imports are expected to jump by around 30% to 1,200 plus tonnes during the same period.

India imported around 880 tonnes of silver in the last year, said an official.

``There is a rising demand here for gold. Given the volatile market conditions prevailing, the yellow metal's value as a safe haven has held strong,'' said MMTC marketing director Ved Kumar Prakash.

He added that the import of gold by MMTC in the current fiscal would jump by more than 40% given the brisk sales.

On an average, India buys more than 4,000 tonnes of silver and over 960 tonnes of gold annually.

The official pointed out brisk marketing had paid rich dividends and that sales of gold and silver ingots have made a mark in rural India, where MMTC and Indian Potash Ltd have forged a joint venture to popularise MMTC's brands of gold and silver items. The precious metals in jewellery form, ingots and medallions are to be sold across the country's semi urban and rural markets.

Indian Potash intends to use its cooperative network of fertiliser dealers across the rural and semi urban areas to sell MMTC jewellery items.

Several showrooms will soon follow in parts of Delhi, Patna and Lucknow, said the official. To keep up with the rising demand, MMTC has also doubled its import of gold at 45 tonnes during the April-June quarter of this year.

MMTC has earmarked year 2011-12 as the `year of retail' with the company planning to increase its jewellery outlets to 55 by the end of 2012. Currently, it has some 15 showrooms. The company also aims to increase its jewellery franchise base from 75 at present to 200 by the end of 2012.

Encouraged by sound business turnover in fiscal 2010-11, MMTC is also going ahead with product and market diversification moves meant to consolidate its core competence in bullion and non-ferrous metals.

http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=131019&sn=Detail&pid=102055