Bill Holter: An open letter to the mining industry


By Bill Holter
Tuesday, August 11, 2015

Last year at this time I asked readers who owned shares in gold and silver producers to send their companies a letter. I ask that you do this once again.

Please don't believe that I am under any delusions whatsoever, because herding cats is a near impossibility. Almost no one dislikes gold and misunderstands his own product more than the current management in the mining industry.

However, doing nothing will certainly accomplish nothing, doing something at least has a chance, albeit slim.

Below is a letter I plan to send to each producing mining company and precious metals mutual fund that I own. Gold and silver prices have been diluted by paper contracts to the point where no money can be made producing gold, and an industry-wide loss producing silver. ...

... For the complete commentary:


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