Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench

Comex Registered Silver Inventory Falls Below 30 Million Ounces Again

IMG Auteur
Published : April 11th, 2012
244 words - Reading time : less than a minute
( 9 votes, 4.9/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Comex, Gold, Greenspan, Silver
Category : GoldWire

 

 

 

 

Comex Registered Silver inventory has dipped back below the 30 million ounce level as deliveries and withdrawals bring it back down near historic lows.

Perhaps they can lease some from SLV as the situation may require. The central banks may stand ready to lease increasing amounts of gold for sale into the markets if the price rises too fast, as Mr. Greenspan had said, but they are fresh out of silver, and have been so for some time.

A dangerous and volatile situation it appears. I am glad that the Masters of the Universe are not 'directionally positioned' and are merely honest clerks, if not practically innocent maidens. That might turn out to be an awkward position to be caught in some day.

But it will put the lie to Daniel Drew, because I doubt any of them will be going to prison.

'He who sells what isn't his'n
Must buy it back, or go to prison.'

But that is not to say that there will not be plenty of 'bagholders' served up on the wrong end of the short side when the time comes. No honor among thieves, the big hanging the little, hedge funds for breakfast, and all that. If you are not among the financial illuminati even a cash settlement can be made rather painful and pricey, at least when they know they have got you, and on their terms.

You may refresh your understanding of eligible and registered inventory
here.





 

 

<< Previous article
Rate : Average :4.9 (9 votes)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Aurcana(Ag-Au-Zn)AUN.V
Change of Auditor
CA$ 0.24-2.04%Trend Power :
Corporate news
Gray Rock(Au)GRK.V
Gray Rock Closes Non-Brokered Private Placement
CA$ 0.02+0.00%Trend Power :
Corporate news
BowmoreBOW.V
Bowmore Closes First Tranche of Private Placement and Resignation of Board Member
CA$ 0.07+0.00%Trend Power :
Corporate news
Newmont(Cu-Le-Ni)NEM
Newmont Mining Acquires Cripple Creek from AngloGold
US$ 23.67+2.33%Trend Power :
Corporate news
Newmont(Cu-Le-Ni)NEM
Newmont Mining Asset Optimization Efforts Encourage Analysts
US$ 23.67+2.33%Trend Power :
Corporate news
Teuton(Ag-Au-Co)TUO.V
Teuton’s Harry and Silver Crown Properties located West and East of Ascot’s Dilworth Property up for Option
CA$ 0.08-5.88%Trend Power :
Corporate news
Royal Dutch Shell(Oil)RDSA.AS
This Week In Energy: Top 4 Reasons Oil Prices Are Heading Back Down
€UR 25.54-0.66%Trend Power :
Corporate news
PetrobrasPBR
Petrobras to Sell Stake in Bijupira & Salema Fields for $25M - Analyst Blog
US$ 8.83+2.08%Trend Power :
Corporate news
Royal Dutch Shell(Oil)RDSA.AS
Shell to Go Ahead with GoM Appomattox Deepwater Project - Analyst Blog
€UR 25.54-0.66%Trend Power :
Corporate news
BP plc(Ngas-Oil)BP
BP to Settle Federal, State GoM Oil Spill Claims for $18B - Analyst Blog
US$ 41.29+5.14%Trend Power :
Corporate news
Comments closed