Midnight In The Desert

[GravitySucks]

silver cannot be mined profitably at the current price. True, if you read many silver mining companies’ reports, they are claiming that they can produce silver at $17 per ounce or $18 per ounce, but this is a razor-thin margin, and if anything goes wrong, these companies will not be profitable. Furthermore, there are other companies that simply aren’t profitable at the current silver price. The fact is that for silver miners to be comfortably profitable to the point that they are confident that their mines will be cash-flow positive, we need a minimum silver price of $25 per ounce to $30 per ounce.

Until we reach that point, there is going to be very little investment in silver mining, and this means that unless the price of silver rises from here, silver production is going to diminish. This in itself will force silver prices higher.

Second, despite the fact that silver mining is currently a tenuous business, industrial demand for silver has been growing. Industries are finding more and more usages for silver, from photovoltaic cells in solar panels to medical devices to smart phones. Furthermore this demand is inelastic, which means that so little silver is used in these products relative to their market value that the producers of these products will still buy silver and produce these products even if the price of silver rises substantially.

For instance, an iPhone contains about a third of a gram of silver that is worth roughly 20 cents. If silver trades to $100 per ounce, then the cost to Apple will be just 80 cents more per iPhone

Good points. Thanks for the data

[Ciardelo]

Bring out the boots!

[Value Of Pi]

Yeah man, I know. I know you know because you're getting all Columbo up in here. 

Yeah, there was that long interrogation scene with DP (I swear I don't know where these guys find the energy). Definitely harder than it looks on TV. And then a brief cameo tonight. Having that raincoat would have made it all worth it, though. I'll have to settle for your picture [MAJOR EDIT] of Columbo.
Holy cow, that didn't look right at all.

[Spinner]

Jamal just got owned.

Any jerk who makes such a childish call deserves to put in his place.

Good job, Heather! 

[The King of Kings]

Hey baby, you got girlfriend.....in Vietnam?

[Jackstar]

very little investment in silver mining,

[Barfly]

If silver trades to $100 per ounce, then the cost to Apple will be just 80 cents more per iPhone

No, Apple will charge 50 bucks more per phone, because, well, they are Apple

[Robert]

Heather saying "..do you have a radio show"

Do you have a radio show Heather? No, because they all decided to run old MITD w/ Art.

Just sayin.

That exchange was interesting in several ways.  One is the injection of the idea that Heather was "given" a show...which is kinda true.  Another was Heather's admission that maniac callers are entertaining, or even the admission that some of the people who've been on have been maniacs.  Another is the possibility that this was a ham-fisted way to buck up Heather by developing a rxn.  What would she have written if she were here as [Redacted] commenting on another's show?

[SciFiAuthor]

I disagree, the road runner will always outrun the coyote.

[ShayP]

I disagree, the road runner will always outrun the coyote.

The coyote caught him once.

[Ciardelo]

Because Hollywood drives our space program.

[The King of Kings]

The Martian was alright.  Nothing fancy.

[SciFiAuthor]

The coyote caught him once.

That episode doesn't exist to me.

[Barfly]

Im pretty buzzed right now, this Makers Mark is good shit

[GeoNemesis]

Nasa's current plan is Mars in the 2030s... Hope it happens sooner than that, but my prediction is that it'll be later than that or else that private enterprise will get there first.

[ShayP]

That episode doesn't exist to me.

Hahahaha!

[The King of Kings]

good fucking grief. this caller.

Roxanne?

[Jackstar]

Because Hollywood drives our space program.

Because oligarchs drive them both.

[norland2424]

dr satan is my primary md

[Barfly]

I could see Art doing a interview with Knapp, if anybody will do it it has to be Knapp.

[bateman]

Im pretty buzzed right now, this Makers Mark is good shit

Err, regular Makers or Makers 46?

[Showroom Dummy]

Im pretty buzzed right now, this Makers Mark is good shit

i am also ..at this rate i mite think hoagies  got talent     .......no  he's bat shit 

[The King of Kings]

This is such low shit tier radio.

[Ciardelo]

Because oligarchs drive them both.

Damnit Jackstar, when you ain't trolling you are spot on man, Spot on.

[Spinner]

The coyote caught him once.

Blasphemy!

[doctor weird]

dr satan is my primary md

fuck that fucking movie lol. never been so scared in my life

[JamesMcDonald]

silver cannot be mined profitably at the current price. True, if you read many silver mining companies’ reports, they are claiming that they can produce silver at $17 per ounce or $18 per ounce, but this is a razor-thin margin, and if anything goes wrong, these companies will not be profitable. Furthermore, there are other companies that simply aren’t profitable at the current silver price. The fact is that for silver miners to be comfortably profitable to the point that they are confident that their mines will be cash-flow positive, we need a minimum silver price of $25 per ounce to $30 per ounce.

Until we reach that point, there is going to be very little investment in silver mining, and this means that unless the price of silver rises from here, silver production is going to diminish. This in itself will force silver prices higher.

Second, despite the fact that silver mining is currently a tenuous business, industrial demand for silver has been growing. Industries are finding more and more usages for silver, from photovoltaic cells in solar panels to medical devices to smart phones. Furthermore this demand is inelastic, which means that so little silver is used in these products relative to their market value that the producers of these products will still buy silver and produce these products even if the price of silver rises substantially.

For instance, an iPhone contains about a third of a gram of silver that is worth roughly 20 cents. If silver trades to $100 per ounce, then the cost to Apple will be just 80 cents more per iPhone

The gold and silver prices are artificially pushed down and they have been for years now.

Listen to Max Keiser.  He knows the score.

[Robert]

I could see Art doing a interview with Knapp, if anybody will do it it has to be Knapp.

I've said for a while that Knapp should cover this story on C2C.

[GravitySucks]

Because oligarchs drive them both.

Does Hoagland know he is an oligarch?

[The King of Kings]

Yeah Roxanne, please call in any time.  You add so much to the show, your voice, your comment's are timeless.  You add to the beautiful fabric on the show.