[Eagle Bomba]

Seems odd to me also. With demand greatly exceeding supply, why aren’t we seeing upward pressure? Man, silver at $9.56 an ounce (at close today) sure seems like a deal in these times.

[LegendHasIt]

That link that BGhater posted in #5 is sort of related too;

And another article by the same guy from today is pretty good as well.
http://news.silverseek.com/TedButler/1227032447.php

The latter article is a pretty decent basic primer that anyone thinking of buying silver as an investment OR a ‘hedge against 0bama’ ought to grasp; and despite it being about silver, a lot of the stuff is applicable to gold too...

Not much of the info there was new to ME because in a ‘past life’ I was in the mining business myself, and I have spent more time in silver, lead, zinc and copper mines than most people have spent pushing ‘lead’ around in pencils.

[Republican Extremist]

Like I said, it's the strong US Dollar. Look at the Dollar/Euro chart for the last year:

Oil peaked when the Dollar was low in July, and oil and other commodities have gone down with the Dollar's rise. This will change if you see some larger rate cuts in Europe and Asia, specifically China and Japan. The Dollar will come back down at that point.