Swirling market rumors of a shortage of physical silver have just gone mainstream, as MarketWatch’s Peter Brimelow mentions both the Aden Sisters’ call that ‘The train has left the station, and another leg up in the bull market is getting started’, as well as GATA’s Bill Murphy’s recent claims that ‘large silver purchases in London have been followed by stories of delivery problems being experienced by London Bullion Market Association members‘ in an article titled ‘Is Gold Heading to $4,500?’ today on MarketWatch.
SD readers will not be able to believe how fast silver can and will light your hair on fire with it’s action to the upside if the MSM starts regularly quoting sources such as GATA and the Aden sisters rather than Perma-Bears Jeffery Christian, Jon Nadler, and Dennis Gartman.
NEW YORK (MarketWatch) — Gold makes its move. The bugs are rampant.
The yellow metal made life very difficult for commentators trying to keep a regular schedule on Wednesday.
The silver situation is exciting particular interest. Letter editors have noted that the metal had been achieving technical objectives earlier than gold during this move.
Furthermore, according to Bill Murphy at the LeMetropoleCafe website, rumors of large silver purchases in London have been followed by stories of delivery problems being experienced by London Bullion Market Association members.
Stories of this type, unfounded or not, could have an explosive effect on the thin silver market.