Financial Turmoil
The economy is in rough shape right now and there is a cyclical trend going on. The price of precious metals has been artificially depressed by Central Banks leasing out their gold to banks and hedge funds. It creates a new temporary supply of gold for the banks to sell futures contracts on. The problem is that futures contracts buyers eventually want to take delivery on the gold that they have contracted for and then there won't be any to return to the Central Banks at the end of the leases. That is the artificial situation that has been dumped on us now. It is going to cause a five year super bubble in precious metals prices. Silver is the metal that has been depressed the most. As silver runs from $18/troy oz to maybe $80 the common stock of established silver mining companies will skyrocket even farther. They are already covering their production costs so any increase in silver prices will drop straight down to the bottom line as pure profit. Again, this is an temporary engine...