Charlie Garcia noted that 60 to 70% of the globally traded refined silver supply now requires Chinese permission to be exported...that shift alone changes the strategic landscape.
With things deteriorating geopolitically, conflict still on the domestic political front, deteriorating economies in the West and massive debt, gold and silver have only one way to go.
Director Redwood: "Our recent drill program has delivered compelling high-grade silver results...an intersection of 5 meters at 600.40 g/t silver and 1 meter grading 1,655.00 g/t silver."
COMEX halted silver trading just as prices pushed toward $92 and March delivery decisions were due. Was this a technical glitch, or a sign that the paper price system is breaking?
This could be as good as it gets before the negative effects of the next inflation problem created by the Fed and government become apparent to the public.
Ms. Curry is the VP of Corporate Development of Kodiak Copper Corp. Having worked in senior management positions with several mineral and development companies for over 25 years.
After silver hit a high of $121, some are expecting it to go to $200 next and the gold/silver ratio, currently at 60 (it has been recently as low as 44), to fall to the 20–30 range.
