Very Good contrary indicator - Jon Nadler

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dziprick
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Very Good contrary indicator - Jon Nadler

Anybody else read the 'widsom' of Jon Nadler at Kitco?  I find his commentary very good as a contrary indicator.  Basically, do the exact opposite of what he says and you will be right 90% of the time.  If you want to see how to put a negative spin on any news towards silver, just read his commentary.  

Edited by admin on 11/08/2014 - 06:09
Jake
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Jon Nadler Idiot

dziprick wrote:

Anybody else read the 'widsom' of Jon Nadler at Kitco?  I find his commentary very good as a contrary indicator.  Basically, do the exact opposite of what he says and you will be right 90% of the time.  If you want to see how to put a negative spin on any news towards silver, just read his commentary.  

I Almost Posted This Excerpt For Laughs, But I didn't Think it Was News to Anyone Here That Nadler was a Shill: He say's Demand Exceeds Mine Production, "but it's no big deal" What an Idiot! Also, He quotes the Shill  CPM Group---LOL!

EXCERPT:

"While on the subject of silver, do note that, no, we are not about to "run out" of the stuff; not in the very least. Aside from the fact that the latest (ABN AMRO-sourced) market statistics show a clear and unequivocal rise in mine output for the white metal (rising from 22,000 tonnes in 2009 to 24,000 tonnes in the current year's estimate) and aside from the fact that scrap supply is actually experiencing a slight shrinkage (dropping from 12,750 tonnes in 2009 to the estimated 11,300 tonnes for 2011), the total supply of silver is nearing the 36,000 tonne mark this year.

What about demand? Well, it is not rising , that is what appears to be the factual  case. Total silver demand was 28,500 tonnes in 2009 and it is projected to decline to 27,000 tonnes in the current year. Contrary to certain overly optimistic "takes" on the market, we note that jewelry and flatware are actually gaining  a bit (rising from 7,000 tonnes in 2009 to 7,200 tonnes in 2011), and that industrial off-take is nearly flat for a third year;  hovering in and around the 12,500 tonne level.

Silver's investment demand (all-important of late, anyway) is also expected to take a dip from the 9000+ tonnes it absorbed in 2009 to the roughly 8,500 tonne level being anticipated for the current year by ABN AMRO. The net result? A SURPLUS of 7,333 tonnes in the silver market, being forecast for 2011, and one to be compared to the approximately 6,700 tonne overhang we saw in 2009. You may now close 'the book' on allegations that we are nearly "plum out" of the white metal.

However, do not do so just yet; not before you consult the image seen below, for the sake of being precise in the definition of shortfalls. They are not one and the same as an overall dwindling in supply. The CPM graph shows you that the market has indeed experienced a shortfall ; in the supply coming from silver mines versus fabrication demand, that is. Such a gap has been in existence for 60 (yes, SIXTY!) years and we still have not run out of silver, nor has it brought about triple-digit prices. As CPM Group aptly puts it" "Don't Hold Your Breath" [on the evaporation of silver's supply. You might have to wait...beyond retirement, if you choose to do so.

115552.png

Until next week, breathe....easy.

Jon Nadler Senior Metals Analyst  
Kitco Metals Inc. North America
US & Canada Toll Free: 1 (877) 839-8036

Websites: www.kitco.com  and www.kitco.cn                      Blog: http://www.kitco.com/ind/index.html#nadler

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

 

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dziprick
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That is my point. This is basically a Nadler mocking site

The guyis the biggest shill, and yet he works for Kitco and is a metals analyst? 

Elijah Craig 18
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Court Jester

dziprick wrote:

The guyis the biggest shill, and yet he works for Kitco and is a metals analyst? 

All the best Courts have at least one fool in Motley.

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