Category: Silver / Gold

Silver Stock Report by Jason Hommel, May 28th, 2008 The biggest proofs of the silver shortage are the position limits at the NYMEX.  These are 7.5 million ounces in the spot delivery month.  Another usually unenforced limit is that the exchange can arbitrarily limit all physical deliveries to all market participants to as little as 1.5 million… Continue reading Silver Shortages Misunderstood

(See miningpedia.com) Silver Stock Report by Jason Hommel, May 26th, 2008 The CPM Group’s 2008 yearbook is available for $75.http://store.cpmgroup.com/ The yearbook is 185 pages and filled with data about the supply and demand fundamentals of the silver market, and is a very reliable source of primary data. On page 29, the yearbook lists Near-Term Mine… Continue reading Forgotten Near-Term Silver Producers

(Rationing is a form of price fixing!) Silver Stock Report by Jason Hommel, May 24th, 2008 I know many of you saw the WSJ article, “Losing a Mint: Curb on Coin Sales Angers Collectors”http://online.wsj.com/article/SB121149011951015323.html?mod=googlenews_wsj Due to overwhelmingly growing popular demand, The U.S. mint has sold twice the amount of one ounce Silver Eagle coins as… Continue reading Rationing

(Here’s a few more stories!) Silver Stock Report by Jason Hommel, May 23th, 2008 So, it appears to me that the government of Western Australia will do nothing about the Perth Mint Crisis, at least, not yet based on what I’ve sent them. And it appears that none of the major press have any desire… Continue reading Perth Mint Crisis Watch

(Central Banks will buy gold!) Silver Stock Report by Jason Hommel, May 23rd, 2008 The vast majority of my readers understand the Perth Mint crisis.  They know that when the Perth Mint is supposed to have an operating pool of $880 million Australian dollars of precious metal, and yet, the Mint has delivery delays for… Continue reading Perth Mint Crisis: Solutions and Ramifications

(The Perth Mint – Tarnished?) Silver Stock Report by Jason Hommel, May 22nd, 2008 Australia’s Perth Mint is suspected of being bankrupt by customers who are discovering a dizzying array of fees, delays, and refusals upon making requests for delivery of silver. The Perth Mint, by its own admission, has a precious metals liability of… Continue reading To the largest newspapers in Australia

(There may be a problem!) Silver Stock Report by Jason Hommel, May 21, 2008 To:wa-government@dpc.wa.gov.au      Complaints; Premier Alan Carpentereric-ripper@dpc.wa.gov.au        Treasurer Eric S Ripperconsumer@docep.wa.gov.au         Department of Consumer and Employment Protectionpubaff@justice.wa.gov.au         Department of the Attorney GeneralCustomer.Service@dtf.wa.gov.au    Department of Treasury and Financeenquiry@era.wa.gov.au            Economic Regulation Authorityenquiries@govhouse.wa.gov.au     Governor’s Establishmentinfo@audit.wa.gov.au            Office of the Auditor Generalmail@ombudsman.wa.gov.au       Ombudsmanwatc@watc.wa.gov.au            Western Australian Treasury Corporationinfo@perthmint.com.au          Gold… Continue reading To the government of Western Australia

(Oh what a tangled web they weave!) Silver Stock Report by Jason Hommel, May 19th, 2008 A concerned reader reports: ================Jason, I phoned AJR Mathey in Auckland today to see if they had any silver in stock. In the past I’ve been able to walk in and buy a few one kilo bars(cash only). The young… Continue reading Poor Prospects for Kitco/Perth/Matthey

(But I tell him a few things, too!) Silver Stock Report by Jason Hommel, May 18, 2008 I have been a futures trader for nearly 40 years, had many dealings (mostly unpleasant, of course) with the CFTC and the NFA after its inception too.   I know the smartest and best and biggest futures traders in… Continue reading A Trader Tells me there is no Manipulation