I wouldn't be too hasty selling any silver producers.  UC's tailings are looking more valuable by the day.  I know we're probably a few weeks away but I'm getting excited about our next round of assays.  UC should be trading back in the double digits soon enough just based on their silver production though.  Investment demand has really made what was already a tight supply much, much tighter.  I can just see JD & BM banging their heads against the wall.  Looks good on them though.  

 

ASSET MANAGER TOM CLOUD: SILVER SHORTAGE REAL, COUNTRIES & BANKS ARE COMING TO US TO BUY GOLD & SILVER

JANUARY 23, 2013

Germany recently announced it was moving some of its gold back to the homeland. Investment manager Tom Cloud says, “People are starting to pull away and take care of themselves. . . . You don’t want to be the last guy holding the bag.” In his 35 years of investing, Cloud says, “I am now seeing countries buying gold that are talking to me. . . We have banks buying the heaviest they have ever bought.

 

When it comes to silver, Cloud contends, “There is a real shortage out there. . . . You’ve got industrial buyers competing with the investor.” Cloud predicts, “There will be a time we’ll see a parabolic rise in the price of gold and silver, but we’re not there yet.” Join Greg Hunter as he goes One-on-One with Tom Cloud.