Recyclersteve wrote:This is a very strange time. If you believe that miners are going to go bankrupt, that would decrease production quantities, which could ultimately be good for the price of silver. So I can understand if someone feels a bit uneasy about rooting for some bankruptcies to be announced soon because they feel their personal stack would then become more valuable. That person would likely be less at ease if they had physical silver and also owned stocks in silver miners. Of course, the paper shorts can do what they want to distort the markets- who knows when that will end...
I was listening to Fox Business today and on two separate occasions they mentioned that gold cannot go under $1100 because that's the minimum or break even point for these mining company's. I'm not sure I buy that but that's what was said. What is this popular answer for silver when it comes to a "break even" point for miners.