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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
 Posted - 07/05/2010 : 20:20:27
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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.
story continues You must be logged in to see this link. author makes it sound like this would be a bad thing 
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Hoard now and hold on!
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Nickelless
Administrator
USA
5580 Posts |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/05/2010 : 22:55:29
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quote:
Originally posted by Nickelless
The drain of COMEX's inventories is a GOOD thing--it will bring their paper-silver scam to everyone's attention very quickly when there's suddenly no silver in COMEX vaults and everyone knows it. Then the paper market will collapse and silver will soar.
I just hope it doesn't soar until I've bought several hundred more ounces!
I'll sell ya several hundred of mine once silver soars to da moon |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/06/2010 : 00:59:14
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| hahaha..... I think that is NOT what he is wanting to do. ;P~ |
"May your percentages ever increase!" |
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PennyPauper
Penny Collector Member
USA
395 Posts |
Posted - 07/06/2010 : 02:58:07
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Just a hunch,but I would not be surprised if the CFTC will finish the investigations into banks having basicly unlimited open short contracts in silver,and restructure everything by the end of summer just in the nick of time before the physical squeeze end game,giving a false boost of confidence to the market thus avoiding any defaults.Or something along those lines.I don't pretend to understand the complex futures market,but I do understand that the banks mostly call the shots and they will be let down easy,and we will likely be told its being done to protect us.
Ted Butler is SilverMan
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The last paragraph says it all! |
Available again! $100 of Copper Lincoln Memorials for $145 shipped. |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 07/06/2010 : 08:38:56
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quote:
Originally posted by PennyPauper
Just a hunch,but I would not be surprised if the CFTC will finish the investigations into banks having basicly unlimited open short contracts in silver,and restructure everything by the end of summer just in the nick of time before the physical squeeze end game,giving a false boost of confidence to the market thus avoiding any defaults.Or something along those lines.I don't pretend to understand the complex futures market,but I do understand that the banks mostly call the shots and they will be let down easy,and we will likely be told its being done to protect us.
What do you mean by a "false boost of confidence to the market"? If the COMEX paper game is being exposed for the scam that it is, wouldn't that be a REAL boost of confidence because prices then would reflect the real state of the market and not what the paper market has been portraying? |
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Nickelless
Administrator
USA
5580 Posts |
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PennyPauper
Penny Collector Member
USA
395 Posts |
Posted - 07/06/2010 : 09:56:19
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quote:
Originally posted by Nickelless
OK PennyPauper, I just read the Butler article but I'm not quite clear on how those holding long positions will be screwed when the price soars. Could someone explain this to me?
I'm no expert,todays game is quite advanced from basic economics,but I understand it that the longs take a risk in their position,just like the shorts,and if the price skyrockets the longs bet would pay off,but if they are locked out from selling their position or their contracts are capped at a certain value (i.e. when the US set the value of gold at $35)then they lose the leverage.
They could have done nothing wrong but still be sacrficed in the name of stability or whatever they might call it.Quite ironic when the bank shorts caused the problem in the first place.Just as what happened when the banks made bad mortages and instead of the market correcting itself the Gov't came to save their hides,because who owns the Gov't?Like the old rule:The little guy always gets screwed first.JMO Thats why we need to hold PM's in our hands,not paper. |
Available again! $100 of Copper Lincoln Memorials for $145 shipped. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/08/2010 : 01:33:13
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| IT may be that when that SQUEEZE or end game comes, those betting long, will be right, but there will be NO physical silver to pay out. So they will be in a tight spot and have to fight tooth and nail to get the physical silver and their huge 'profit'. |
"May your percentages ever increase!" |
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Massive Drain Of COMEX Silver Inventories Continue
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