Chart usGOLD   Chart usSILVER  
 
Food for thought
The desire for gold is the most universal and deeply rooted commercial instinct of the human race
Gerald M. Loeb  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1222.59-2.26
Silver 18.47-0.04
Platinum 1343.821.57
Palladium 824.25-2.00
WORLD MARKETS
DOWJONES 17266102
NASDAQ 459331
NIKKEI 16321254
ASX 543718
CAC 40 448723
DAX 987981
HUI 212-3
XAU 89-1
CURRENCIES (€)
AUS $ 1.4393
CAN $ 1.4118
US $ 1.2877
GBP (£) 0.7856
Sw Fr 1.2069
YEN 140.2710
CURRENCIES ($)
AUS $ 1.1178
CAN $ 1.0960
Euro 0.7766
GBP (£) 0.6101
Sw Fr 0.9371
YEN 108.9260
RATIOS & INDEXES
Gold / Silver66.19
Gold / Oil13.21
Dowjones / Gold14.12
COMMODITIES
Copper 3.090.00
WTI Oil 92.55-0.52
Nat. Gas 3.90-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Comex Registered Silver Inventory Falls Below 30 Million Ounces Again
Published : April 11th, 2012
244 words - Reading time : less than a minute
( 9 votes, 4.9/5 ) Print article
 
    Comments    
Tweet
Keywords :   Comex | Gold | Greenspan | Hedge | Silver |

 

 

 

 

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.

 




 

 

Tweet
Rate :Average note :4.9 (9 votes)View Top rated
Previous article by
Jesse
All articles by
Jesse
Next article by
Jesse
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Jesse

Visit Jesse's Cafe Americain for refreshing news on the markets
Jesse ArchiveWebsite
Most recent articles by Jesse
9/19/2014
9/19/2014
9/19/2014
9/18/2014
9/18/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer