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Jason Burack
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Investor, Entrepreneur, Financial Historian, Austrian School Economist, Investment Analyst, and Contrarian. Co-founded the investor education, financial education and consulting company, Wall St for Main St, LLC in 2009. I've taught beginners how to invest and also consulted for high net worth... More
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Jason Burack
  • Preicous Metal Supply Shock Coming Down The Road, But Some Miners May Go Bust 0 comments
    Apr 21, 2013 10:09 PM | about stocks: GLD, SLV, GDX, GDXJ, SIL, PSLV, PHYS, CEF

    This is a recent 30+ minute Wall St for Main St podcast I did with Wall St for Main St Co-Founder, Mo Dawoud.

    We discussed the recent drops in paper precious metal prices (NYSEARCA:SLV) (NYSEARCA:GLD) and how there is a huge divergence between the physical market for metal.

    We also discuss what the drop in paper prices means for the viability of miners.

    Most miners did not generate free cash flow when gold was around $1600/oz and Silver was above $28/oz.


    Disclosure: I am long SLW, SAND.

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