Afternoon everyone….
Things were going smooth, till they weren’t…… It’s raining once again here. I know shocked!!! Well it’s extending the drying time on my glue ups, which is making me start to get concerned. I still have a dozen doors that need to be glued up and clamped before I call it a night and my last batch still isn’t set up enough to take the clamps off.
Looks like a long night ahead of me. Because I can’t start tomorrow needing to glue, clamp and wait. I need to sand all thirty eight doors, fourteen drawer fronts and thirteen drawer boxes to stain and seal before the end of the day tomorrow. In order to spray all the coats of finish.
Silver looks like it’s moving a bit. The physical demand hasn’t changed, it’s all a big game to them. If you are light on your holdings grab some before it spikes again. Because it can’t be held down for much longer.
But fear not my grasshoppers…..
My buddy on the west coast sent me a snippet of a podcast that his company gets. These are private financial industry only. In it two things that you MUST take note of:
Samsung the biggest producer of electronics signed a two year contract with "La Parrilla Silver Mine Complex" in Durango, Mexico for all of its silver production for the next two years. That is absolutely HUGE!!!
Why you might be asking? Because that is between 2.5 - 3 million ounces that will never see the market now. They are not the only ones either. Tesla is in negotiations with Antamina which is the largest and most productive silver mine in Peru. If this gets done that’s another 12 - 14 million ounces off the market as well.
If you don’t hold it, you don’t own it…..
Got silver???
