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***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues

 
Anonymous Coward
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07/04/2010 01:42 PM
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***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
By Patrick A. Heller on July 1st, 2010


On June 16th, the COMEX reported total silver inventories of 119.5 million ounces. Ten trading days later, on June 30, total inventories had fallen to 113.56 million ounces, a 5.94 million ounce (4.97%) decline.

There have been significant declines on nine of the last ten trading days, but this story has received almost no coverage by the mainstream media.

One reader of my June 25th column where I broke this story commented that this pattern was consistent with activity a year ago. It is true that inventory levels do fluctuate. For instance, the COMEX gold inventories are much higher now than they were a year ago.

However, some information I have learned in the past five days further demonstrates that the current run on COMEX silver inventories is not just something that happens occasionally in a stable exchange.

In particular, a high percentage of the withdrawn silver has apparently been from two specific depositories, not just all of the COMEX depositories in general. Those who have studied the details closely state that the banks losing the bulk of silver have been Scotia Bank and HSBC.


[link to news.coinupdate.com]
Anonymous Coward
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07/04/2010 01:48 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
Gold /Silver PM's Seems the only logical place to store some of your wealth these days.

bump
Anonymous Coward
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07/04/2010 01:51 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
derp derp derp what were you fools doing when it was 5 dollars an ounce ?
Anonymous Coward (OP)
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07/04/2010 01:57 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
derp derp derp what were you fools doing when it was 5 dollars an ounce ?
 Quoting: Anonymous Coward 1024934

derp derp derp...I wuz buying. What about you?
Anonymous Coward (OP)
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07/04/2010 02:05 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
Most of the doomtards on this forum are unable to spell COMEX let alone understand the meaning of fractional reserve.

idiot robos
Anonymous Coward
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07/04/2010 02:07 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
Silvermex Resources a BUY $$$$
Anonymous Coward
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07/04/2010 02:11 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
ive got a big fin boner right now
Anonymous Coward (OP)
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07/04/2010 02:13 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
ive got a big fin boner right now
 Quoting: Anonymous Coward 718182

Yeah? We'll see for how long.
Anonymous Coward
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07/04/2010 02:14 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
ive got a big fin boner right now

Yeah? We'll see for how long.
 Quoting: Anonymous Coward 992893

you wanna see it?
Anonymous Coward
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07/04/2010 02:16 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
i tried posting this article to my facebook and its giving alot of trouble showing up in the news feed.
Anonymous Coward
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07/04/2010 02:17 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
i tried posting this article to my facebook and its giving alot of trouble showing up in the news feed.
 Quoting: Anonymous Coward 1025121

cuz nobody cares
Anonymous Coward (OP)
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07/04/2010 02:19 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
ive got a big fin boner right now

Yeah? We'll see for how long.

you wanna see it?
 Quoting: Anonymous Coward 718182

wanker. who do you work for?
Anonymous Coward
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07/04/2010 02:21 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
Most of the doomtards on this forum are unable to spell COMEX let alone understand the meaning of fractional reserve.

idiot robos
 Quoting: Anonymous Coward 992893



No need to insult just because of one guy who likes dick.



Lots more at the link.

On one day in June, there were 630,000 ounces of silver withdrawn from other COMEX depositories on the same day that 610,000 ounces were deposited at Scotia Bank. This seems more than coincidental. It looks suspiciously like an emergency transfer from another depository to help Scotia Bank avoid default on making delivery that day.
Anonymous Coward
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07/04/2010 02:21 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
cuz nobody cares
 Quoting: Anonymous Coward 718182


or mabe cause facebook is government owned
Buck Naked
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07/04/2010 02:23 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
.


Silver is THE ONLY place to get rich quick right now

Go to the coin shop
and get as mucha s you can afford.

Silver is poised to POP TO THE TOP.

question...Why have they removed the silver content out of almost ALL of the coins produced today?

Silver and Gold used to be the currency. Now the currency is worthless paper and iron coins.

Go get some Silver on Tuesday when the coin shops open. You will thank us for it in a few short months.

kind regards

Buck



.
Anonymous Coward (OP)
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07/04/2010 02:26 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
we are absolutely fucking doomed and no one knows why.
Anonymous Coward
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07/04/2010 02:26 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
Most of the doomtards on this forum are unable to spell COMEX let alone understand the meaning of fractional reserve.

idiot robos



No need to insult just because of one guy who likes dick.



Lots more at the link.

On one day in June, there were 630,000 ounces of silver withdrawn from other COMEX depositories on the same day that 610,000 ounces were deposited at Scotia Bank. This seems more than coincidental. It looks suspiciously like an emergency transfer from another depository to help Scotia Bank avoid default on making delivery that day.
 Quoting: Anonymous Coward 973712

clappa
Anonymous Coward
User ID: 973712
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07/04/2010 02:27 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
.


Silver is THE ONLY place to get rich quick right now

Go to the coin shop
and get as mucha s you can afford.

Silver is poised to POP TO THE TOP.

question...Why have they removed the silver content out of almost ALL of the coins produced today?

Silver and Gold used to be the currency. Now the currency is worthless paper and iron coins.

Go get some Silver on Tuesday when the coin shops open. You will thank us for it in a few short months.

kind regards

Buck



.
 Quoting: Buck Naked 1025117



I check all my dimes and quarters for silver, ever notice how there are so many from 1965?

First year without silver.
Anonymous Coward
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07/04/2010 02:28 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
cuz nobody cares


or mabe cause facebook is government owned
 Quoting: Anonymous Coward 1025121

I dont care who owns it, nobody cares. Not the government not anyone.
Anonymous Coward
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07/04/2010 02:29 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
ive got a big fin boner right now

Yeah? We'll see for how long.

you wanna see it?

wanker. who do you work for?
 Quoting: Anonymous Coward 992893

Number Two.
Anonymous Coward (OP)
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United States
07/04/2010 02:31 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
ive got a big fin boner right now

Yeah? We'll see for how long.

you wanna see it?

wanker. who do you work for?

Number Two.
 Quoting: Anonymous Coward 718182

Poser
Anonymous Coward
User ID: 718182
United States
07/04/2010 02:32 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
ive got a big fin boner right now

Yeah? We'll see for how long.

you wanna see it?

wanker. who do you work for?

Number Two.

Poser
 Quoting: Anonymous Coward 992893

Name caller.
Anonymous Coward (OP)
User ID: 992893
United States
07/04/2010 02:33 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
ive got a big fin boner right now

Yeah? We'll see for how long.

you wanna see it?

wanker. who do you work for?

Number Two.

Poser

Name caller.
 Quoting: Anonymous Coward 718182

Fair call. Who's Number Two?
Anonymous Coward
User ID: 718182
United States
07/04/2010 02:34 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
ive got a big fin boner right now

Yeah? We'll see for how long.

you wanna see it?

wanker. who do you work for?

Number Two.

Poser

Name caller.

Fair call. Who's Number Two?
 Quoting: Anonymous Coward 992893

That guy off Austin Powers. When you said who do you work for I saw this in my head.

[link to www.youtube.com]
AL-

User ID: 994341
United Kingdom
07/04/2010 02:37 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
In particular, a high percentage of the withdrawn silver has apparently been from two specific depositories, not just all of the COMEX depositories in general. Those who have studied the details closely state that the banks losing the bulk of silver have been Scotia Bank and HSBC.

[link to news.coinupdate.com]
 Quoting: Anonymous Coward 992893


Oopsie. I guilty. In all honesty, I actually did make a sizeable purchase of silver bars from Scotia Bank this past week (sizeable for me; not enough to budge the numbers any which way, of course). Having read this makes me want to go out and get some more from them this week.

How did Gecko put it? "Dilute the son of a bitch!"

5a

Last Edited by AL3000 on 07/04/2010 02:38 PM
Anonymous Coward
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07/04/2010 02:38 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
In particular, a high percentage of the withdrawn silver has apparently been from two specific depositories, not just all of the COMEX depositories in general. Those who have studied the details closely state that the banks losing the bulk of silver have been Scotia Bank and HSBC.

[link to news.coinupdate.com]


Oopsie. I guilty. In all honesty, I actually did make a sizeable purchase of silver bars from Scotia Bank this past week (sizeable for me; not enough to budge the numbers any which way, of course). Having read this makes me want to go out and get some more from them this week.

How did Gecko put it? "Dilute the son of a bitch!"

5a
 Quoting: AL-

You know they are making more right? Pull the shit right out of the dirt.
Anonymous Coward (OP)
User ID: 992893
United States
07/04/2010 02:39 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
ive got a big fin boner right now

Yeah? We'll see for how long.

you wanna see it?

wanker. who do you work for?

Number Two.

Poser

Name caller.

Fair call. Who's Number Two?

That guy off Austin Powers. When you said who do you work for I saw this in my head.

[link to www.youtube.com]
 Quoting: Anonymous Coward 718182

ROFLOL...k...makes you a dpshit,.,,next idiot please...
Anonymous Coward
User ID: 718182
United States
07/04/2010 02:39 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
ive got a big fin boner right now

Yeah? We'll see for how long.

you wanna see it?

wanker. who do you work for?

Number Two.

Poser

Name caller.

Fair call. Who's Number Two?

That guy off Austin Powers. When you said who do you work for I saw this in my head.

[link to www.youtube.com]

ROFLOL...k...makes you a dpshit,.,,next idiot please...
 Quoting: Anonymous Coward 992893
Your not done with me yet, you got a purty mouth.
AL-

User ID: 994341
United Kingdom
07/04/2010 02:43 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
In particular, a high percentage of the withdrawn silver has apparently been from two specific depositories, not just all of the COMEX depositories in general. Those who have studied the details closely state that the banks losing the bulk of silver have been Scotia Bank and HSBC.

[link to news.coinupdate.com]


Oopsie. I guilty. In all honesty, I actually did make a sizeable purchase of silver bars from Scotia Bank this past week (sizeable for me; not enough to budge the numbers any which way, of course). Having read this makes me want to go out and get some more from them this week.

How did Gecko put it? "Dilute the son of a bitch!"

5a

You know they are making more right? Pull the shit right out of the dirt.
 Quoting: Anonymous Coward 718182


Dude, I've been investing in miners for years. The amount of silver being produced is nowhere near the amount of silver being "consumed". It may sound far fetched, but, if it were strictly driven by the supply-demand formula, silver would be at parity with gold right now.
doublestandard

User ID: 1014756
United States
07/04/2010 02:48 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
By Patrick A. Heller on July 1st, 2010


On June 16th, the COMEX reported total silver inventories of 119.5 million ounces. Ten trading days later, on June 30, total inventories had fallen to 113.56 million ounces, a 5.94 million ounce (4.97%) decline.

There have been significant declines on nine of the last ten trading days, but this story has received almost no coverage by the mainstream media.

One reader of my June 25th column where I broke this story commented that this pattern was consistent with activity a year ago. It is true that inventory levels do fluctuate. For instance, the COMEX gold inventories are much higher now than they were a year ago.

However, some information I have learned in the past five days further demonstrates that the current run on COMEX silver inventories is not just something that happens occasionally in a stable exchange.

In particular, a high percentage of the withdrawn silver has apparently been from two specific depositories, not just all of the COMEX depositories in general. Those who have studied the details closely state that the banks losing the bulk of silver have been Scotia Bank and HSBC.


[link to news.coinupdate.com]
 Quoting: Anonymous Coward 992893


i Wish i Had MORE Than i Do!!! hiding
Anonymous Coward
User ID: 718182
United States
07/04/2010 02:49 PM
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Re: ***GOT SILVER??*** Massive Drain Of COMEX Silver Inventories Continues
In particular, a high percentage of the withdrawn silver has apparently been from two specific depositories, not just all of the COMEX depositories in general. Those who have studied the details closely state that the banks losing the bulk of silver have been Scotia Bank and HSBC.

[link to news.coinupdate.com]


Oopsie. I guilty. In all honesty, I actually did make a sizeable purchase of silver bars from Scotia Bank this past week (sizeable for me; not enough to budge the numbers any which way, of course). Having read this makes me want to go out and get some more from them this week.

How did Gecko put it? "Dilute the son of a bitch!"

5a

You know they are making more right? Pull the shit right out of the dirt.


Dude, I've been investing in miners for years. The amount of silver being produced is nowhere near the amount of silver being "consumed". It may sound far fetched, but, if it were strictly driven by the supply-demand formula, silver would be at parity with gold right now.
 Quoting: AL-

People eat it? Holy shit I have been doing it wrong!!!

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