if silvers price drops hell will break loose, page-47

An interesting news item in regards to physical silver supply is contained in todays Endeavour silver news release where the co. mentions :

http://www.edrsilver.com/s/newsreleases.asp?ReportID=523355

In January and February, 2012, gold and silver prices enjoyed a significant rebound from their lows in December, 2011. Endeavour therefore elected to sell most of the precious metal inventory it accumulated in Q4, 2011 in order to capture the higher gold and silver prices. However, gold and silver prices corrected sharply once again in March 2012 so Endeavour management once again chose to accumulate its precious metal production in Q1, 2012 rather than sell at depressed prices. As of March 31, 2012 the Company held 941,875 oz silver and 4,156 oz gold in metal inventory carried at cost on the balance sheet.

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