Kaptain said:What's interesting is to see how physical and even paper silver ETFs have run-up, but some of the silver minings stocks have halted. Some mining stocks have doubled tripled or quadruapled from a year ago (endeavour, first majestic, great panther). Meanwhile, some of the hot names more than 4 years ago (pan american, silver standard) are below or near the price they had back then. Stocks are like fashion. Everyone thinks it's all based on hard numbers, but in truth it's often based more on psychology. I just bought a boat load of Pan American. Just like fashion, trends always recycle.
Here's an interesting question/scenario; people are buying silver etf's like crazy. The insiders know that these banking cartels that are selling paper silver can't back it with real silver. How will the silver etf's finally fall? What will happen to those investors who have etf's like SIL or AGQ? Will the etf's go from skyrocketing to no-value overnight? Will it be like a bank run?
SIL is an ETF that purchases and holds a basket of stocks of silver miners. It ought to be OK. On the other hand, SLV is an ETF that is suppose to hold physical silver for its investors. I highly doubt it. SIL should be OK and offers diversification among silver miners. SLV likely just holds a paper promise. Guys like Bob Chapman think SLV will eventually be discredited when JPM and HSBC get destroyed with their silver shorts on the COMEX. We'll see. If you want to hold paper silver, might want to check out SIL thoroughly along with CEF (closed end fund that REALLY holds gold and silver at 50/50) and Sprott's silver trust (PSLV). Oh, and I forget SLW which is a silver streaming company that provides financing for miners to get a share of the future silver stream from the mining operations.
Disclaimer: I hold shares of both SIL and SLW and like 'em both. Also hold Hecla (HL). BTW, if you hold individual silver mining companies, you are subject to the whims of tyrants and nature. In the case of Hecla (HL), a mining accident just happened the other day which could have really destroyed the company (it didn't). Pan American (PAAS) has mining operations in Bolivia and the tyrant-in-charge supposedly indicated a few days ago that he was going to seize at least a share of PAAS' mining operations in Bolivia. Used to hold PAAS and CEF. I might have held SLV a long time ago but don't remember. Personally, I like SLW and SIL more than the others because you get leverage and diversity in both plays. SLW has agreements with miners all over the globe and SIL holds miners from operations all over the globe.
Bob Chapman just indicated the other day that a default or blow-up of the COMEX appears to be imminent, perhaps within a few weeks. Max Keiser indicated that JPM would be a dead bank walking if silver hit $47 per oz. I guess we're there, aren't we? Next big delivery month I've been told for silver is the May contract. We'll know more this upcoming week. Exciting times for silver which is bittersweet. Sweet because individually the silver investment appears to be paying off big time, but bitter at the same time because the accumulation phase looks like it's ending and many, many good people will likely be left out of the party. I wish we could get a 20-30% correction here but it just doesn't look like it's gonna happen. Oh well, at least JPM gets to cook in its own corrupt juices. Let the squeezin' commence!
As for the bank run, I'm not too sure that's going to happen. Most people seem to have a love affair with the USD. Not me. A massive run on the dollar itself is much more likely. Might want to have some funny munny outside the banking system along with REAL money which is gold and silver. From what I've read, the sure thing looks like the USD will lose its status as the world's reserve currency. This may happen sooner rather than later. When the pound sterling lost its role as a reserve currency, its purchasing power dropped dramatically according to some sources, up to 80-90 percent. Ok? Do you really want to holding fiat dollars (funny munny) as its purchasing power collapses?