Another 3 million ounces came out of the COMEX today. The warehouse stocks are down to 113.6 Million ounces.
There is a certain class of buyer who can take possession of his oz's. Can't remember for sure if the criteria is simply those who own 10,000 shares or more but I think it is something like that.GLD and SLV are both managed by Barclays
Thanks for that but I think I wasn't clear in what I was referring to post 35444 $887,353,367 - $939,164,855 = $51,811,488 is the differnce in net asset value.CheersBo
WOW at the rate Silver is leaving Comex, Silver will be gone-0 buy June 15th?http://www.nymex.com/sil_fut_wareho.aspx
5/22Net Assets $887,353,367 Oz's Silver 72,992,0515/23Net Assets $939,164,855 Oz's Silver 72,992,051Interesting that the net assets goes up by 50,000,000+ but the # of oz's remains the same