As Future Money Trends catalogs silver’s myriad industrial uses, analyst David Morgan, in an interview with Max Keiser, discusses the physical vs. paper markets and the impact of various grassroots efforts to promote physical silver, such as the “Buy an Ounce – Give an Ounce” campaign launched by a Tennessee blogger. “It’s all about taking the physical and holding onto it, because that is what deleverages the system,” says Morgan, who also cites Eric Sprott’s observation about the Feb. 29 takedown of silver — that the 500 million paper ounces traded in one day equaled almost two-thirds of the 800 million ounces of silver mined each year. More on physical vs. paper in a Seeking Alpha post on “The great price divergence between physical silver and its paper contracts.”
Reuters: Gold tumbles again on dashed QE hopes, technicals
MarketWatch: Gold drops 2.9% in aftermath of Fed policy decision; silver off 4%
Daily Collateral: SocGen: Tuesday’s FOMC was “as good as it gets” for QE3 hopefuls
P. Radomski: Gold: Dark clouds or sunshine profits?
Seeking Alpha: Gold and silver prices have further to fall
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