A Reader's Idea

It's Mother's Day and while mother is being tended to by the LTs, I thought I'd try to clear my inbox. Fat chance I'll make it all the way through...I still have 132 unopened and unread. Sorry.

At any rate, reader "Jim" sent me this. I thought I would C&P it to start a discussion.

"Go to
http://www.store.firstmajestic.com/

and look at the prices.

And then go to ebay and see the prices there.

It's time to break away from the Comex.  Everybody reads you, Turd.  Wanna show the Comex that the pen is mightier than than the margin increase?   Maybe you could say something and suggest that some producers and big retailers might want to look at making their own price based on demand, and not based on the Comex.  What good does it do to sell at the Comex price if you sell out and then got nothing to sell?  First Majestic is doing their own price discovery.  And it's working.  The best thing to do is for the real, physical, silver world to just walk away from the Comex.  They have no silver.  They represent no more than 5% of the market anyway.  They sell a few million ounces every other month.  The US mint sells way more than they do.

The Comex is about finished and you can hurry it along.  All it takes is one or two others to do what FM is doing and the crowd will get the idea.  No need to wait til they self destruct.  We, the physical market, are so much bigger than the Comex.  Screw them.  They can't deliver real silver anyway.   All it takes is some balls to do what FM is doing.  I'm a seasoned business man.  I know it, and I can feel it.  It's the right time.  Screw the Comex, we don't need them for price discovery.  If a retailer does it, he can easily tell if his price is too high or too low.  If there's more demand than you got silver, raise the price.  If there's less demand, then lower it.  Once a few biggies jump on the band wagon, it will all fall in place.

This will make you famous, Turd.  You will do more to help all those people get through the coming hard times by doing this, than anything else you can do.  The only thing that the Comex, owned by the EE, does for us is set the price, and FM is showing us you don't need them for that.

The price of most everything is tied to the wholesale price and to local supply and demand.  Ultimately supply and demand rules, and the silver market is no different.  The retailers can price the market, you don't need crooks in $2000 suits to do it for you.

If a dealer sets his own price, and a customer says, "Hey your price is way above spot."  The dealer can say politely,  "It's Ok, if you want to buy your silver from the Comex, go ahead.  They don't have real silver for sale, I do."  If some big dealers do this, at first maybe customers will flock to some on line dealer who has a lower price, but he will quickly sell out.  In this time of short supply, it's the right time to do this.  The market will make the price.

Tell the people to wake up.  No need to be hypnotized by a bunch of scheming crooks in New York City in $2000 suits.  They are scumbag thieves who take advantage of everyone they can.  Let them screw each other over.  If people want to play futures, let 'em.  We don't need those crooks to tell us how much an ounce of silver should cost.  It's time for the tail to stop wagging the dog."

Have a great day. More this evening after everything re-opens. TF