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Is Silver really in short supply? Refer to the wording changes made in the SLV prospectus

Cory
February 15, 2021

John Rubino, Founder of The Dollar Collapse website joins me to make the argument that if there is another rush into the silver ETF SLV then there will not be enough physical silver to meet the demand. When John says Silver should be $50 or even $100 I have him address the arguments that say we have heard these bullish reason before.

Click here to visit John’s site – The Dollar Collapse.

Discussion
45 Comments
    Feb 15, 2021 15:59 PM

    More John Rubino, with Kerry Lutz’s…An informative interview.
    https://www.youtube.com/watch?v=A97cnVH5wpY

    b
    Feb 15, 2021 15:01 PM

    Deutsche Bank quietly moves to bring crypto into play after producing numerous reports bashing its bubble nature

    https://www.rt.com/business/515530-deutsche-bank-custody-crypto-wef/

    Mastercard/visa accept bitcoin, banks moving into it.
    Looks like writing is on the wall.

    Governments wont be able to kill bitcoin if the banks dont want it dead.

      Feb 15, 2021 15:23 PM

      Hi b….No…But the banks will force the Govt. to introduce new rules & regulations , that only benifit the banks….imo.

      Feb 16, 2021 16:20 AM

      Does Trump not owes Deutsche Bank still $300 million?
      He should create Trump Crypto and pay Deutsche Bank in his own crypto currency 😀

        Feb 16, 2021 16:31 AM

        It’s simple. If he owes dollars he must pay dollars. In the private sector, contracts are not made to be broken. I know that doesn’t make sense to the totalitarian left.

    Feb 15, 2021 15:23 PM

    Tracing high grade Gold at Golden Summit. Sprott’s in charge here, the results from last year’s drilling look great. I believe there are four drills on the property. Freegold Resources-V.FVL https://www.miningnewsnorth.com/story/2021/02/12/news/tracing-high-grade-gold-at-golden-summit/6693.html

      Feb 15, 2021 15:42 PM

      call it what you may, Freegold Airlines, Freeloader Resources, Freegold Ventures, it looks like this property could get the same treatment as Wallbridge Mining, DRILL, DRILL, DRILL!

        Feb 15, 2021 15:28 PM

        Great article DT. Despite being a guilty party of picking on Freegold’s name, I have held and added to my shares during the 7-8 month drop. What I like to look for are those drill results that when you multiply grade x width, you get a # of a 100 or better. When I skim the article I see a whole bunch of results greater than 100. It should move when the sector moves.

          Feb 15, 2021 15:09 PM

          I’m looking forward to seeing what Freefall Airlines does this week as well gentlemen.

          That is a good rule of thumb on gold grades David (grade x width = 100 or better) and is a nice quick trick that Byron King has discussed before. Of course there is more than that which goes into knowing if it is going to a be profitable (what is the depth of the drill hole? – as deeper gets more expensive; is their a high grade component that is the majority of the width? — looking for grade smearing; what is the metallurgy? — are there any smelter penalties that would need to be accounted for? etc…).

          In the case of Freegold Ventures, there is a vocal geologist that got into a big tiff over at ceo.ca recently siting the 2016 study about metal recoveries on the transition ore, refractory ore, and sulfide ore and making the case there was not enough oxide ore close to surface (which is typically much easier to process, less expensive, and more amenable to open pit) and the sulfides were too deep for a major to be interested. Conversely, there were those that pointed out to this guy that he was quoting an out of date older study, and that the work from 2019 & 2020 showed better metal recoveries for the transition/refractory ore, and that the sulfide ore could have much better recoveries in a traditional underground mining scenario with the right kind of processing and flotation. So right now, the jury is out on FVL, and it will take more drilling at depth to see if the high grade sulfides could support an underground mining operation, and more metallurgical testing to see if the under the oxide ore, if the transition ore and refractory ore could be treated and processed for better recoveries for the initial project to get off the ground.

          As with any deposit that grows to a substantial size, decisions have to be made on whether it will be economic to extract the metal, and what type of mining method and milling and processing would be most advantageous.

    Feb 15, 2021 15:52 PM

    John Rubino gets it and the charts are on his side, in spades. It is like 2002 again for silver versus the stock market, but better, much better. This insane inflation of the money supply will flow into the most undervalued assets and silver will likely fare the best since it is correlated to gold more than any other commodity. In other words, it has safe haven as well as industrial drivers.
    This isn’t 2013. In fact, it’s just the opposite. Technically and fundamentally, stocks are steep and silver is cheap so the stock market will increasingly see smart money exiting it regardless of how well it holds up nominally. The same will also apply to the long bond and that’s where triple digit silver will come from. Bitcoin will also soon be spent. With its quarterly RSI(14) now at 87, my maximum target of 55,000 to 60,000 a couple weeks ago seems probable if not optimistic. Smart money is definitely on the sell side.

      Feb 15, 2021 15:03 PM

      Thanks for those comments. That makes me feel better about the future. We will know pretty soon.

        Feb 15, 2021 15:32 PM

        I think you’re right; we will know pretty soon which way the short term is going to go. If tomorrow is gives us a powerful move up, then we will probably have a strong short term rise that leads to a very strong intermediate term rise (lasting many months). The long term looks fantastic and doesn’t need any help, fundamental or technical.

        It’s a great sign that silver is beating gold by about six to one tonight (which is consistent with silver’s new weekly MACD buy signal). It will be very difficult for gold to go anywhere near its November OR February lows with silver behaving this way.

        Rising speed line resistance (which is at about 28 for this week) has capped price for the last 4 months so a weekly close well above it would be a great show of strength.
        https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=4&mn=6&dy=0&id=p03254249025&a=791229633

          Feb 15, 2021 15:36 PM

          Platinum also showing a good move tonight. We will know more in late morning.

            Feb 15, 2021 15:57 PM

            Agreed guys. It is still quite constructive that Silver is outperforming Gold lately, and that Platinum, Copper, Nickel, Oil, and many commodities have been doing so well as of late.

            It would be nice indeed to see this trading week kick off tomorrow with a nice move higher in the metals and to see a nice intermediate rise for a few months. Gold has corrected since last summer, and the sentiment has soured enough, that the recent higher low at $1784 for Gold (about $17 higher than the $1767 November low), may have marked a recent bottom and allow the PMs to continue to rise like they did the end of last week.

            Feb 16, 2021 16:01 AM

            Orchestrated walk down in gold started about 5:00AM Eastern when most asleep. Cowards.

            Feb 16, 2021 16:31 AM

            Silver,……..Paper Silver…….Not so with Phyz.

            Feb 16, 2021 16:33 AM

            When the lights go off,……good luck with selling the paper…..The people in Texas are finding that out today…… There is something being said, from the OIL guys,…concerning the NEW GREEN DEAL….lol

            Feb 16, 2021 16:36 AM

            Green New Deal………is a Jimmy Carter replay…….BIG OIL, is not rolling over…just so some little retards, what a green city…..jmo

            Feb 16, 2021 16:37 AM

            what to want….sorry

    BDC
    Feb 15, 2021 15:28 PM

    STATS (Turns): https://postimg.cc/nsDn1CBY
    Latest version spruced up. Comments appreciated.

    Feb 16, 2021 16:16 AM

    There you have it guys nothing I did not mention days prior and with conviction. Stay the course and get ready to buy.. We are headed lower and I’m leaning towards the low by next Thursday or Friday.. Tuff to say but as mentioned November low will be broken..

    Glen

      Feb 16, 2021 16:52 AM

      Glen, everything I bought on the day that you and Doc said we should be in cash is up nicely since then. I’ll stay the course alright! 😉
      Seriously though, I agree that we are not “out of the woods” yet but it still seems unlikely to me that gold will make a new low.

        Feb 16, 2021 16:42 AM

        Matt,

        It was a wise idea then and now to have some cash in the side. For sure I’m not advocating all cash. At that time I said to doc smart choice to be in cash. I’m not sure what his ratio was 60/40 or 50/50. I just personally don’t like to have all my eggs in one basket.

        I’m long strong=70-80% of my mula
        Short term portfolio=Long about 99-95% ( remember I didn’t sell at recent highs so I rode this back down and will sell as we go up in stages at much higher prices.

        My remains 5-8% cash is heavy and ready as I’m looking at certain specific stocks which are trending lower..

        Some stock may not make new lows but I if that low is triggered which I believe will be then sell stops are going to trigger and I’m sure there will be movement if that’s the cases

        I’m also sure your battle tested for whatever comes 😃💪👍

          Feb 16, 2021 16:43 AM

          Correction above!

          Short term should =10-15%

          Feb 16, 2021 16:04 AM

          I think it’s wise to buy lows if you can recognize them and that day was a low. I’m trimming those gains today because the picture remains uncertain. Whether the next low will be lower or not, my buying was the right thing for me. I like the flexibility that those low purchases have given me. I’ve used some of the gains to buy two gold stocks this morning.

            Feb 16, 2021 16:40 AM

            Rotational strategy all the while booking profits is a very wise thing!

            As will “ buy” the dip mentality once I get clear confirmation the low is in as we head higher.

    Feb 16, 2021 16:26 AM

    Markets once again not impressed by what I thought were good drill results. This time it’s kodiak.
    https://ceo.ca/@newsfile/kodiak-drills-213-m-of-065-copper-and-037-gt-gold

    Feb 16, 2021 16:42 AM

    Galleon Gold – Still in the Zone
    Results include 11.25 g/t over 6.0 meters
    https://galleongold.com/news/galleon-gold-still-in-the-zone/

    cfs
    Feb 16, 2021 16:07 AM

    Kodiak Copper drills 213 m of 1% CuEq at MPD
    2021-02-16 07:49 ET – News Release
    Ms. Claudia Tornquist reports
    KODIAK DRILLS 213 M OF 0.65% COPPER AND 0.37 G/T GOLD (1.00% CUEQ) AND 171 M OF 0.62% COPPER AND 0.43 G/T GOLD (1.03% CUEQ)
    Kodiak Copper Corp. has released drill results from five further holes at its continuing fully financed exploration program at the 100-per-cent-owned MPD copper-gold porphyry project. MPD is located near producing mines in the prolific Quesnel trough in Southern British Columbia

    cfs
    Feb 16, 2021 16:17 AM

    Jaguar Mining drills 20.1 m of 7.91 g/t Au at Corrego
    2021-02-16 08:28 ET – News Release
    Mr. Vernon Baker reports
    JAGUAR MINING REPORTS EARLY EXPLORATION SUCCESS FROM IRON QUADRANGLE DRILLING
    Jaguar Mining Inc. has made two new discoveries at the Corrego Brandao (CB) and Zona Basal (ZB) targets.

    cfs
    Feb 16, 2021 16:20 AM

    Dolly Varden drills 45.82 m of 304 g/t Ag at Torbrit
    2021-02-16 08:20 ET – News Release
    Mr. Shawn Khunkhun reports
    DOLLY VARDEN SILVER INTERSECTS 45.82 METRES AVERAGING 304 G/T SILVER AT TORBRIT DEPOSIT; EXPANDS AND UPGRADES MINERALIZATION
    Dolly Varden Silver Corp. has provided the results of the remaining assays from the 2020 drill program from its 100-per-cent-owned property located near tidewater in northwest British Columbia.

    cfs
    Feb 16, 2021 16:21 AM

    Gatling drills 170 m of 1.5 g/t Au at Larder
    2021-02-16 08:17 ET – News Release
    Mr. Jason Billan reports
    GATLING DRILLS 170.0 M OF 1.5 G/T AU FROM NEAR SURFACE; PROVES GROWING CONTINUITY AND STRENGTH OF MINERALIZATION AT LARDER GOLD PROJECT, ONTARIO
    Drilling at Gatling Exploration Inc.’s Larder gold project in Ontario has intersected increased continuity and grade with 170.0 metres of 1.5 grams per tonne Au starting just 31 m from surface.

    cfs
    Feb 16, 2021 16:23 AM

    Great Bear drills 16.95 m of 13.07 g/t Au at Dixie
    2021-02-16 07:54 ET – News Release
    Mr. Chris Taylor reports
    GREAT BEAR DRILLS 13.07 G/T GOLD OVER 16.95 M, AND 32.01 G/T GOLD OVER 8.10 M; REACHES 250 DRILL HOLES REPORTED FROM LP FAULT
    Great Bear Resources Ltd. has released results from its continuing 2021 exploration program at its 100-per-cent-owned flagship Dixie project in the Red Lake district of Ontario.

    Feb 16, 2021 16:08 AM

    Bloomberg has an article this morning of interest: “Goldman Sachs open investing App to anyone with as little as $1,000.” Making a play for the little guys that got ripped by Robbinhood??? They’ll still get screwed but in a different way IMO.

    b
    Feb 16, 2021 16:07 AM

    Maybe its because I am a gambler but I dont see $1000 any dif from other forms of gambling, poker,ponys even sports pools.

    PM “investing” is the same as the rest in finding info to lean the odds in your own favour.

    I figure every purchase is the same, I have a 50% chance of betting the right way. 😉

      Feb 16, 2021 16:20 PM

      b: Agreed. I think I’m a gambler also but like to tell my kids it’s actually ‘investing’.

    Feb 16, 2021 16:31 PM

    Buy real silver the Green Agenda can’t delver paper Silver !

      Feb 16, 2021 16:08 PM

      The Greens don’t cut Threes and the computers don’t print silver !!!! BUY !

      Feb 16, 2021 16:24 PM

      So……..true franky………..You are spot on… 🙂
      BIX WEIR out today………gold and silver should be 1:1…….. 🙂

    b
    Feb 16, 2021 16:27 PM

    Howdy Jerry, good 2 c u.

    Bix Weir, when someone announces they have a billion once gold discovery in the canyon I will take him seriously.

    Until then gold/silver should be 1-1.

      Feb 16, 2021 16:40 PM

      Thanks b…….. glad to be out of the KER JAIL… 🙂
      Lost 25 lbs. on the mouse diet….. lol….