First Majestic Silver Corp AG

SLV about to throw in the White Towel

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It is possible that Authorized Participants may be unable to acquire sufficient silver that is acceptable for delivery to the Trust for the issuance of new Baskets due to a limited then-available supply coupled with a surge in demand for the Shares.

…In such circumstances, the Trust may suspend or restrict the issuance of Baskets.”

 

https://www.zerohedge.com/commodities/twilight-zone-etf-provider-warns-buying-silver-will-harm-hedge-funds-and-large-banks

[CountOfMeltedCrisco]

Hoisted on their own petards .... the inevitable outcome of  Greed + Hubris 

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why they were true to their prospectus and bought upwards of 600 million ozs of silver. They are obviously having trouble getting the last 100 million ozs or so though.... the thing is all the horse pukey about GLD not holding the real thing was formulated by one James Turk at the beginning of this century and this line of thinking was extended to the SLV. James Turkd was running his own bullion