by Ted Butler, Gold Silver Worlds:
While everyone is focused on the massive outflows in COMEX registered
gold inventories and the gold ETF, GLD, it seems that an important
evolution in silver is passing unnoticed. In what follows, Ted Butler, precious metals analyst specialized in COT analysis, reveals a remarkable insight in the physical silver market.
Butler’s calculations show that JPMorgan has piled up the
largest holding of physical silver in modern world. Since the silver
price peak in May 2011, the bank has accumulated between 100 and 200
million ounces of physical silver (if not more). The equivalent in metric tonnes is between 3,110 and 6,220 tonnes.
To put that number in perspective, it surpasses the amounts held by
the Hunt Brothers or Warren Buffett (in his investment company Berkshire
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by Michael Noonan, Edge Trader Plus:Please share this article
We are of the simple opinion that any substitute for the real thing is
never as good a choice as the original, even when it comes to Precious
Metals. There are so many other considerations that enter the picture
when regarding mining stocks. One of the primary ones is management,
what it can do to a stock’s performance separate and apart from its
underlying purpose, silver production. There can be poor management,
mismanagement, decision-making related to stock performance instead of
getting the maximum performance out of its mining operations,
overspending, misspending…you get the idea.
Here is a reading of some of the top silver mining companies from a
chart perspective. Charts show the best bottom line results from all
observations one can make in an assessment of any company.
Read More @ EdgeTraderPlus.com