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.
