So, 3.5 million ounces of silver production from the Lucky Friday will be held off the books of America’s export balance sheet this year. Our silver consumption will continue at or above its current rate, so we’ll have to import more silver, and print more paper dollars to pay for it – which just drives up the price of milk and gasoline for all of us and the 400-plus miners now on the bricks.
No doubt some Goldman-Sachs-style short-seller made off like a bandit when the MSHA order caused Hecla’s stock to crater from $6 to nearly $4 in a day’s trading last week. Given the cozy cronyism between Wall Street and the United Snakes Government these days, might we wonder if more than just politics were involved?
via The War Against Us | SilverSeek.com.
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