Jason Hommel: Silver shortage causes price disconnect

Section:

4:35p ET Sunday, August 17, 2008

Dear Friend of GATA and Gold (and Silver):

In commentary posted this afternoon Silver Stock Report's Jason Hommel elaborates on the shortage of silver. He writes:

"If you have to wait 30, 60, or 90 days for silver from any seller, it means they are selling what they do not have, and hope to get it from someone else who does not have it today either. That means they are short -- they owe you silver they do not have. And if there is a 'regular' 60-day delay, where they have you pay for it all up front, instead of making a tiny 5-percent deposit as down payment, then they are 'floating' on your money, like you gave them an operating loan."

Hommel's commentary is headlined "Silver Shortage Causes Price Disconnect" and you can find it at the Silver Stock Report Internet site here:

http://silverstockreport.com/2008/disconnect.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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