George answered why they tanked, they raised the margin calls. Done it a few times already in the last few months. Crooked as can be, but they are still losing. If you think metals are tanking or if you think refiners are gun shy, do a search of internet bullion dealers. They are all OUT OF SILVER big time. APMEX is offering $3 over spot to BUY silver American Eagles. There are web sites that are just plain out of everything. Bullion prices for one ounce silver is $52, $53 per coin, way higher than usual premiums. People are buying silver like crazy, they try to knock the price down and people buy more and it quickly climbs back up.

dave.
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