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Preicous Metal Supply Shock Coming Down The Road, But Some Miners May Go Bust

Apr. 21, 2013 10:09 PM ETGLD, SLV, GDX, GDXJ, SIL, PSLV, PHYS, CEF
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Jason Burack's Blog
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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 (SLV) (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.

www.youtube.com/watch

Disclosure: I am long SLW, SAND.

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