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Copper Catcher
Administrator
USA
2092 Posts |
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Nickelless
Administrator
USA
5580 Posts |
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Beau
Penny Pincher Member
216 Posts |
Posted - 06/05/2010 : 21:19:59
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| the link is up now. |
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natsb88
Administrator
USA
1850 Posts |
 Posted - 06/05/2010 : 21:23:45
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quote:
Originally posted by Copper Catcher
June 3, 2010 MASSIVE SILVER WITHDRAWAL
No worries, that was just someone getting me a birthday present   |
Nate
The Copper Cave
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Nickelless
Administrator
USA
5580 Posts |
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Beau
Penny Pincher Member
216 Posts |
Posted - 06/05/2010 : 23:31:31
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| the link is really long, and a video in it. |
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Beau
Penny Pincher Member
216 Posts |
Posted - 06/05/2010 : 23:52:28
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I hate to ask a stupid question, but I don`t want to loose out on silver I can buy.
what does the pull back mean to the price of silver. |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 06/06/2010 : 01:12:30
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quote:
Originally posted by Copper Catcher
COMEX Warehouse Stocks June 3, 2010 MASSIVE SILVER WITHDRAWAL
You must be logged in to see this link.
Could you copy/paste the part about the silver withdrawal? I had trouble finding it. |
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PennyPauper
Penny Collector Member
USA
395 Posts |
Posted - 06/06/2010 : 02:54:13
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quote:
Originally posted by theo
quote:
Originally posted by Copper Catcher
COMEX Warehouse Stocks June 3, 2010 MASSIVE SILVER WITHDRAWAL
You must be logged in to see this link.
Could you copy/paste the part about the silver withdrawal? I had trouble finding it.
COMEX Warehouse Stocks June 3, 2010
MASSIVE SILVER WITHDRAWAL
SILVER
10,218 ozs deposited in the dealer’s (registered) inventory
2,157,933 ozs withdrawn from the customer (eligible) inventory
Total dealer inventory 52.46 Mozs
Total customer inventory 64.89 Mozs
Combined Total 117.34 Mozs
It only 37.5 million dollars worth,but taken in context with other big moves towards physical demand suggests there could be real demands made on the sham PM paper pushers.
Who is this Harvey Organ? Ended up reading alot of his blog and it is such a eyeopener.Like a play by play of how the economy is crumbling. The dollar,like it or not,has become a lie.There might not be enough specie to go around.Who will win the race back to PM's?
Its been foretold somewhere that gold and silver will be turned worthless in its owners hands.Its such a radical idea,how could we consider that? Maybe after allowing ourselves to be misled for so long,being controlled by world interests,and since they will have all the PM's anyway,a different meduim will take root.
Curious that silver prices have tanked the past 2 weeks while demand is so high.
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Available again! $100 of Copper Lincoln Memorials for $145 shipped. |
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 06/06/2010 : 05:20:50
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quote:
[i]Originally posted by PennyPauper
Curious that silver prices have tanked the past 2 weeks while demand is so high.
Can you say PPT...???
A huh, I thought you could...
> |
Edited by - redneck on 06/06/2010 05:22:06 |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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Nickelless
Administrator
USA
5580 Posts |
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PennyPauper
Penny Collector Member
USA
395 Posts |
Posted - 06/06/2010 : 13:15:47
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What is PPT?
So much for the free and fair markets.All the markets,stocks,commodities,and bonds are manipulated.
Here is a link,maybe once posted here,that I've held on to.
You must be logged in to see this link.
He has crushed markets before,all while making billions.
Then he spends his money supporting causes,many of them in the politics of America.
Now he is into gold. |
Available again! $100 of Copper Lincoln Memorials for $145 shipped. |
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PennyPauper
Penny Collector Member
USA
395 Posts |
Posted - 06/06/2010 : 14:35:51
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| PPT-plunge protection team? |
Available again! $100 of Copper Lincoln Memorials for $145 shipped. |
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 06/06/2010 : 20:38:48
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quote:
Originally posted by PennyPauper
PPT-plunge protection team?
Yes...
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 06/06/2010 : 21:03:21
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quote:
Originally posted by redneck
quote:
Originally posted by PennyPauper
PPT-plunge protection team?
Yes...
>
a.k.a "The presidents working group" or "working group". Created by executive order by Reagan in '88 to "prevent" another '87 black Monday.
Up until recent times, the government and their shills have vehemently denied it's existence.
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 06/06/2010 : 21:49:48
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quote:
Originally posted by Nickelless
I didn't think COMEX actually had any silver in inventory, just paper.
They have millions of ounces, its just not enough to cover ALL the paper. You can take delivery of metal you buy through the COMEX, but if everyone did, the system would collapse because its only partially backed. Hence, the significance of a major withdrawl - if more people keep doing this, it could ruin the COMEX (though the gov't will likely step in before that happens). |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Investin Cents
Penny Pincher Member
USA
129 Posts |
Posted - 06/06/2010 : 22:33:40
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Is this shortage impacting just Silver, or could Gold be affected also? If both, which one has more upside potential over short, medium & long-term?
I was seriously considering buying some fractional gold but was choking on the thought of paying so much for so little metal, and worried that Gold's upside was limited.
Thoughts anyone? |
Most recent book I've read: "Meltdown" by Thomas E. Woods Jr. Current book: "I.O.U.: Why Everyone Owes Everyone & No One Can Pay" by John Lanchester |
Edited by - Investin Cents on 06/06/2010 22:36:58 |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 06/06/2010 : 22:50:10
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| Gold is not really affected by this specific event - the silver market is MUCH smaller and hence more given to volatile movements since it takes FAR less money to move the market. Gold, on the other hand, is held by dozens of central banks by the hundreds, and in some cases, thousands of tons. Therefore, there is never any doubt that there will be at least a certain level of physical supply in the gold market, as opposed to the silver market, where a true shortage is more possible. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 06/07/2010 : 06:12:41
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Gold is daily breasting new nominal all time highs recently, silver is still the dunce made to sit in the corner and sulk. The price of silver is noticeably suppressed. Buy the silver while it is cheap (70:1 ratio) and trade it for some fractional gold (if you want) after silver has run up in price and gold has fallen. Silver serves the same purpose as fractional gold anyway.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Investin Cents
Penny Pincher Member
USA
129 Posts |
Posted - 06/07/2010 : 10:54:12
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Great point about Silver being like fractional Gold. And I suppose the 70:1 ratio is quite compelling. That means either Au is severely overpriced or Ag is severely underpriced. Either way it looks good for Silver.
But as everyone knows, imbalances & overbought positions can last a long time. What is the tipping point? And when?
Looks like I'll be buying Ag this week then. May get more bullion & less 90% this time. Happy PM hunting everyone!  |
Most recent book I've read: "Meltdown" by Thomas E. Woods Jr. Current book: "I.O.U.: Why Everyone Owes Everyone & No One Can Pay" by John Lanchester |
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COMEX Warehouse June 3rd MASSIVE SILVER WITHDRAWAL
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