http://www.zerohedge.com/article/apmex-out-silver-eagles-until-may-13
This is an example of how data is distorted by pundits, economists, and the media. Sales of American Silver Eagle coins are momentarily down, month-over-month. According to the experts (i.e. silver bears who completely misjudged the bull market in silver), this is a sign of declining demand, much like a decline in new home sales, for example. Ergo, prices must come down, is the line of thinking.
However, unlike housing demand, which is countered by bulging inventory, there is a physical shortage of silver coins. In other words, the reason why investors can't buy silver coins is due to lack of inventory--not because there is declining demand. As a matter of fact, demand is booming among both investors and industrial consumers, and supply cannot keep up.
But leave it up to the anti-silver crowd to use their spin tactics to hoodwink the public.
Monday, April 25, 2011
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