by Chris Waltzek
GoldSeek Radio
Bill Murphy from GATA.org returns with encouraging comments on the PMs sector, in particular his “Texas Hedging Scenario,” where the smart money is simultaneously long silver futures and silver bullion, instead of the more typical physical hedging arrangement. The net impact suggests the big players, such as the commercials who are heavily short amid dwindling bullion supply, could default, resulting in a silver market force majeure. Furthermore, the remarkable resiliency following each selloff is de facto evidence of a sustainable rally. The discussion includes comments from Keith Neumeyer, CEO of First Majestic Silver. According to one media report, the respected silver market executive was contacted by a major electronics manufacturer, seeking to replenish their dwindling stockpile of silver bullion.