Posted on 06/01/2011 10:07:29 PM PDT by Nachum
COMEX warehouse data for 5/31 is out, and COMEX registered silver inventories are now officially below 30 million ounces, registering in at 29,631,268 ounces! As there were 31.1 million ounces of silver as of last Friday, this means 1.471 million ounces of silver were lost from COMEX registered silver supplies yesterday. It appears that most of this loss was not due to a withdrawal, but rather was due to an adjustment from Scotia Mocatta, which recorded an adjustment of 1,456,488 ounces from registered to eligible status! (Eligible silver does not qualify as inventory that can be delivered to longs).
(Excerpt) Read more at silverdoctors.blogspot.com ...
The list, ping
Let me know if you would like to be on or off the ping list
Thanks for the ping. I have been following this. Short paper silver and hold on to the bullion. I am afraid hell is coming sooner than most are aware of.
I knew this was happening. I’m no expert but I’m an advid reader of the forcasters, experts (Peter DeGraff, my latest study, says that COMEX is up to its eyeballs with allowing this SH!T happen) and I (try) buy on the dips, just a little at a time. Silver lining, (pun not intented, but apprapo) - I can buy it cheap.
I was recently told that if we monitized all paper currency to silver, it would be $3,200.00/oz. Is this correct? Anyways....I’m waiting for silver to tumble into the mid 20s before loading the boat with Englehard silver bars. Hell, I may buy a contract or two.
>Anyways....Im waiting for silver to tumble into the mid 20s before loading the boat with Englehard silver bars. Hell, I may buy a contract or two.<
It may never get that low again for MANY MANY years.
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