Wednesday, May 4, 2011

Paper Silver Knocked Below $40, PHYSICAL SILVER at $54.25!

The cartel raid continues in the paper silver market today, with silver now under $40, selling off as low as $39.62.  The propaganda machine is preaching from the bell towers that silver's physical demand has collapsed, and silver is now in a bear market.
The Doc decided to check ebay today, to get an update on how physical silver has responded to this week's smack-down in the silver pits.
We've been monitoring US Silver Eagle auctions again over the past hour or two, and present the following US Silver Eagle auction closes:

$54.00
$54.01
$108.00 for 2 USSE's
$108.00 for 2
$53.02
$54.01
$54.00
and $54.25

At $54.25, this is a $14.50 PREMIUM to paper silver prices, or a 36.5% PREMIUM!
Can you say Deja-vu 2008 all over again?  Paper silver is taken to the cleaners, and PHYSICAL SILVER DEMAND SKYROCKETS!

Amazingly, physical silver US eagles on the free market remain within $2-3 of their auction values before the sell-off, even while paper silver has collapsed $10!


1 2011 1oz OUNCE AMERICAN SILVER EAGLE SILVER COIN
Item condition:Uncirculated
Ended:May 04, 201108:36:04 PDT
Winning bid:
US $54.25 [ 12 bids ]
Shipping:
FREE USPS First Class Mail
Seller: