My last update on price targets called for gold to reach the 1950 area and silver to attack the last year’s highs of 30+. We didn’t get there in May, but June will not only see them attained but also exceeded. The fun is just getting started so sit back and pass the popcorn. Below, are the last two paragraphs of a post by Rick Ackerman I just read on Goldseek.com.                                 Silver Supply Tightens
And then came this epiphany: A friend of ours from the hedge fund world who has been accumulating silver aggressively since December said it is getting harder to buy. Last week, for instance, he ordered a hundred 1000 oz. bars worth about $2.9 million from Monex.  Usually it takes no more than four business days for the ingots to arrive, but this time Monex told him there would be a three-week wait, even if he reduced the size of his order to as few as 20 bars. Monex also recently discontinued a program that allowed customers to trade against warehoused silver with 25% margins.

If physical silver is in short supply, the evil wizards who manipulate its price would prefer that you not know the extent of it, at least not yet. Late Sunday night, July Silver was up a measly 25 cents, an eerily becalmed dinghy in the path of a gathering tsunami. Gold looked just as sleepy, with a gain of just $5 in thin trading. Don’t be fooled by quiet markets. According to my hedge-fund friend, some of the biggest funds have been accumulating silver, presumably before they allow all hell to break loose in the form of a short squeeze. With evidence mounting that demand from such sources is close to overwhelming supply, it’s hard to recall a moment when owning bullion as an investment was more attractive than now.