So comex can only deliver around 1/3 of its so called inventory and the etf inventory is skewed to say the least!
So whats left the cme?
So what we have here is cooked book inventories that really don't exist kinda like the deficit is going down!
The only real numbers that are accurate to a degree is Asian exchanges as they fear being killed for cooking the books if they get caught!
As for American suppliers having enough so what they are a miniscule drop in the bucket compared to the over 4 billion Asian buyers!
Pretty soon we will have industries bidding on ebay to get silver!
Don't think it isn't and as far as miners holding back yes some are but over 70 million ounces that I have found has closed down just this year and last year there was a huge amount that closed and one that just got started and was shut down!
Then the kicker is cannington which is nearing end of mine life and was running at more than double what they had been running at and are still losing production!
Yes paper is how it moves but without the metal they sure as heck don't stand a chance in Gods green earth of shorting it down!
The big issue is what is really in inventory?
My answer is there cant be much!
Ideal you have to be quick as you will need to pay off your mortgage b4 they introduce a new currency or b4 they don't accept dollars for payment anymore!
It will be a short window!Be very careful if this happens!
Germany had the same problem as did Mexico!
You might have 3-7 days to complete it!
And the three mints running out all at once is bullish and so is India's supplier ran out also!
They just got started and they will get it from some where!
Demand in Asia is astounding as it is everywhere else at present!
The dam will break and it will be soon!
The mining sector has lost almost 100 million ounces from production this year alone!
So if you think lowering the price more will give us more inventory you don't have a handle on the supply side of inventory!
All reports are useless and all contracts are useless unless there is supply from somewhere!
This is where people lose sight of reality!
Not saying you have just telling it like it is!
You know the paper side and I know the physical(mining side)of things!
There will be a deficit this year of gigantic proportions!
If people don't get that then they are truly lost!
Fran living in denial!
Thinks our paper is worth so much!lmao
The pompous pres sealing our fate as he puts more people on the gov dole!
The price tag for those people will cost America over 1 trillion a year in lost revenue and cost of services that they will never pay for!
Soon our currency will reset after the default and people like you will end up with toilet paper harsh toilet paper I might add!
Depends on how it goes last pole I saw it was a dead heat!
Oh well we shall see but you are on the right track at least!
Depends on who you poll!
We shall see if they are as stupid as Americans!
If they vote no then they are!
sure buy this #$%$ and you get what you pay for!
Also to buy this is the same as giving them a share to short!
Stupid is what stupid does!
By 2017 it will be so high that no one here can afford it!
Go ahead and wait that long and miss the huge move it will make b4 that!gl
See that's the problem with people if you have multiple stocks your watching when you would do better with just one or maybe 2 so you miss out on the patterns!
I am my own algorithm!
This will happen for a little while b4 it heads north from there!
New highs are on the way!
Exactly connect the dots!
Gold was cheap at his goldman days and went higher as his time there progressed!
Are you really that stupid or what?
Better buy a ton of silver and or gold cause they are about to go up big!
No please don't just yet as they have all the time in the world!
Wait till it hits 25 or maybe 30 it wont be to much time but please wait till then please:)
Silver is in short supply so at present we don't need the shorts that's why they need to wait!
So far a weekly gain the past couple of weeks!
Expect more of the same!
No it was Saur as he spotted the trend is your friend and he was right as he isn't the only one to see it!
Sold hl and you never looked at it again and that my friend is your loss!
Just a tad under 60% in 3 weeks!
I put all my trades here and 1 on hl so no disputing it and I will pull another rno and iip except this time I will keep a core and trade the rest to death:)
Boy this is like 2006 all over again:)