GoldSeek Radio Nugget -- Steve Rocco: Silver being sold for less than production cost

Steve Rocco, of the Rocco Report rejoins the show with stellar precious metals commentary.
Our guest analyses the COT reports to synthesize higher probability entries for gold and silver.
Silver is currently selling for less than production cost, according to our guest.
Plus, tightness in the institutional / commercial net/short position in the PMs markets has more predictive value than traditional retail demand.
Institutions obtain large exposure to gold and silver, chiefly via ETFs due to constraints on the tiny physical metals market.
Our guest outlines a bargain gold/silver producer, currently trading around $3 per share!
Key takeaway point - when viewed from the vantage point of most over priced asset classes, gold and silver are offer relative value.