Vince Lanci is quoting from something put out by Daniel Gahli of TD

  • “Silver bears the most contemplation here as it shifts from squeeze conditions toward inventory saturation according to Ghali, with volatility driven by liquidity distortions and prices expected to normalize into the mid-$40s. Ghali is the first we know of to take this position. …”                                                                                                                                                                  My take on this is where is this silver coming from that is going to replenish inventories?  We already know that China leased silver to London to temporarily alleviate their shortage in October yet prices have moved considerably HIGHER since then. Those leases are only for two or three months.  One could argue that the recent shortage and COMEX BS shutdown and JP Morgan playing games with silver inventories and SLV etc. might possibly buy some time until the March contract expires, however even if silver goes quiet for a month or two, I seriously doubt it gets anywhere near mid forties.  I am not buying it. (Not buying his take, but continuing to buy physical on dips)

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