by Steve St. Angelo
SRSRocco Report
The precious metals market continues to experience unprecedented demand for silver bullion products. Even with the Fed increasing its liquidity injections by providing “Open-ended” QE to infinity, the Dow Jones Index today is still selling off considerably…. down 900+ points. There is no way the Fed and central banks can backstop the markets with liquidity and asset purchases if the physical economy is shutting down.
The collapse in the U.S. economy and financial markets have brought about a record buy spree in physical silver bullion never witnessed before. In the past few weeks, precious metals dealers have totally wiped through the available stock. Now, these dealers have to resort to pre-selling future supply with the understanding that metal purchased today will not be delivered for weeks, a month, or several months.