Al:

Somewhat related. There was an article 2 days ago by an unknown writer on Kitco’s commentaries. The author stated that those dealers who actually have Physical AG are charging about $32-$33 net per ounce for Silver Eagles, slightly less for AG maple leafs and $29-30 for generic AG rounds and these are roll prices.

Given AG physical shortages and most mom and pop purchasers who probably won’t be selling, are we now looking at a new actual floor notwithstanding the phony reported daily low price presumably based on paper futures with only 750 million oz’s annually being mined worldwide?

Not sure if accurate but the same author above stated that there was currently only about 1.2 Billion ounces above ground and about 6 times that amount of AU.

SilverCrest at European Gold Forum last week:

http://www.europeangoldforum.org/egf13/webcast-egf13/egf13-webcast-day-1.html

Many other companies presentations available from this 3 day event.
I am surprised these forums do not get referenced more often here.

Dennis:

Thanks for the excellent link from the European Gold Forum.

There is an interesting article on Kitco’s contributed commentaries this morning entitled “Worldwide silver shortage pushes premiums to 40% on Silver Eagles”.