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Bullion banks sell even more silver: Do they have it?

 
Anonymous Coward
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03/01/2021 06:59 PM
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Bullion banks sell even more silver: Do they have it?
Bullion banks sell even more silver: Do they have it?


Garrett Goggin has been keeping an eye on COMEX silver deliveries. He notes a huge difference between this year and last.
Delivery demand is roughly 20 times what it was for this period last year.

===== snip ======

Demand for physical metal keeps accelerating and the COMEX bar inventory continues to fall.

Bullion dealer inventories are low and demand for retail bullion products has never been higher.

Even thousand-ounce bar premiums are elevated, which is an extremely rare occurrence. Rising lease rates in London imply an inventory shortage across the pond.

It is an extraordinarily dangerous time for bullion banks to continue selling silver they don’t have. Their play is to destroy sentiment and shake investors out of the market. Thus far, at least on the physical front, this effort appears to be backfiring.

[link to www.fxstreet.com (secure)]

- MC
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03/01/2021 07:00 PM
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Re: Bullion banks sell even more silver: Do they have it?
banana2
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03/01/2021 07:11 PM
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Re: Bullion banks sell even more silver: Do they have it?
No JM Bullion is taking month to deliver


Bullion banks sell even more silver: Do they have it?


Garrett Goggin has been keeping an eye on COMEX silver deliveries. He notes a huge difference between this year and last.
Delivery demand is roughly 20 times what it was for this period last year.

===== snip ======

Demand for physical metal keeps accelerating and the COMEX bar inventory continues to fall.

Bullion dealer inventories are low and demand for retail bullion products has never been higher.

Even thousand-ounce bar premiums are elevated, which is an extremely rare occurrence. Rising lease rates in London imply an inventory shortage across the pond.

It is an extraordinarily dangerous time for bullion banks to continue selling silver they don’t have. Their play is to destroy sentiment and shake investors out of the market. Thus far, at least on the physical front, this effort appears to be backfiring.

[link to www.fxstreet.com (secure)]

- MC
 Quoting: Anonymous Coward 79545624
Anonymous Coward
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03/01/2021 07:16 PM
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Re: Bullion banks sell even more silver: Do they have it?
banana2
 Quoting: Anonymous Coward 79545624


chuckle
_Trey_

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03/01/2021 07:23 PM

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Re: Bullion banks sell even more silver: Do they have it?
No question...there is a silver awakening happening.

And a growing lack of faith in the dollar.

Snowballin
Anonymous Coward (OP)
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03/01/2021 07:45 PM
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Re: Bullion banks sell even more silver: Do they have it?
Who the heck 3 stars a post? What a waste of time speedbanan
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03/01/2021 07:49 PM
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Re: Bullion banks sell even more silver: Do they have it?
Anyone see the open interest for delivery in May? Lol, the comex is taking it in the shorts...
Anonymous Coward (OP)
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03/01/2021 07:49 PM
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Re: Bullion banks sell even more silver: Do they have it?
No question...there is a silver awakening happening.

And a growing lack of faith in the dollar.

Snowballin
 Quoting: _Trey_


And I like the way this is holding up!

The comex is likely to squeek by for this delivery month...but the next is a different story (I think it's in may).

This game will NOT play out in a week or two!
Anonymous Coward
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03/01/2021 07:50 PM
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Re: Bullion banks sell even more silver: Do they have it?
No question...there is a silver awakening happening.

And a growing lack of faith in the dollar.

Snowballin
 Quoting: _Trey_


Watch as gas rises to $5 by Memorial Day.

And grocery prices explode for worse quality.

Yet they will claim no inflation officially, or just minimal.
Anonymous Coward (OP)
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03/01/2021 07:50 PM
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Re: Bullion banks sell even more silver: Do they have it?
Anyone see the open interest for delivery in May? Lol, the comex is taking it in the shorts...
 Quoting: Anonymous Coward 36531372


Do tell!
Anonymous Coward
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03/01/2021 07:53 PM
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Re: Bullion banks sell even more silver: Do they have it?
No question...there is a silver awakening happening.

And a growing lack of faith in the dollar.

Snowballin
 Quoting: _Trey_


Watch as gas rises to $5 by Memorial Day.

And grocery prices explode for worse quality.

Yet they will claim no inflation officially, or just minimal.
 Quoting: Anonymous Coward 79031244


"Sir,that balloon there, why is it getting bigger and bigger ?"

Sir: "That's NOT the ballon getting bigger, it's you getting smaller!"
Anonymous Coward
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03/01/2021 09:40 PM
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Re: Bullion banks sell even more silver: Do they have it?
bump
_Trey_

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03/11/2021 06:54 PM

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Re: Bullion banks sell even more silver: Do they have it?
4-6 weeks for delivery!! Scottsdale Mint

SHIPPING NOTICE: Be advised that most products are estimated to ship in 4-6 weeks from the date of payment clearing (Eagles/Buffalos/Maples can be longer). We appreciate your understanding that these are best “estimates” and that unforeseen delays can happen. Scottsdale Mint manufactures hundreds of variations of Gold and Silver products for third party bullion dealers, private banks, and foreign central banks, in addition to this website. All metal is secure in our vaults and it simply takes time to process into finished retail products. We thank you for your patience.
Anonymous Coward
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03/11/2021 07:44 PM
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Re: Bullion banks sell even more silver: Do they have it?
4-6 weeks for delivery!! Scottsdale Mint

SHIPPING NOTICE: Be advised that most products are estimated to ship in 4-6 weeks from the date of payment clearing (Eagles/Buffalos/Maples can be longer). We appreciate your understanding that these are best “estimates” and that unforeseen delays can happen. Scottsdale Mint manufactures hundreds of variations of Gold and Silver products for third party bullion dealers, private banks, and foreign central banks, in addition to this website. All metal is secure in our vaults and it simply takes time to process into finished retail products. We thank you for your patience.
 Quoting: _Trey_


Just wait until all the mines close down because of high fuel prices and global warming taxes!
AllFallDown

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03/11/2021 07:53 PM

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Re: Bullion banks sell even more silver: Do they have it?
slvwss2
If hopes were ropes, beggars would swing.





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