Serpo
25th May 2011, 04:25 PM
Still yet to be confirmed but charts indicate a massive and sudden spike in COMEX silver inventories today.
Regards - VHF
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Voila 37 Million Ounces of Silver Appear at the COMEX Warehouse - Or Not
Jesse
May 25, 2011
"Manipulating cash prices for a larger derivative payout is a regular feature in all markets. And $50 million is chump change compared to the billions being made manipulating the markets on almost a daily basis."
Bill King, The King Report
At least according to this update from 24hourgold it is crisis averted for Blythe and her Merry Pranksters, just in time for the May - June deliveries, as 37 million ounces of silver have been added to the dealer inventory at the Comex.
I believe that an addition of this size in one fell swoop, if true, might be called 'unprecedented,' at least since the benefice of Buffett supplied the silver for the newly forming SLV.
Such a huge addition, if true, is certainly worth some examination in what is known to be a tight market for physical supply. This inventory system does seem to move improbably large amounts of 'bullion' around like Tinker to Evers to Chance.
These are the saddest of possible words:
"Tinker to Evers to Chance."
Trio of bear cubs, and fleeter than birds,
Tinker and Evers and Chance.
Ruthlessly pricking our gonfalon bubble,
Making a Giant hit into a double –
Words that are heavy with nothing but trouble:
"Tinker to Evers to Chance."
It might even be just a 'data glitch' at 24hourgold since I am informed that the public Comex sources do not yet confirm any such addition. (I have highlighted this caveat to prevent the 'I told you so' crowd from embarrassing themselves more than necessary.)
You just have to love these option expiration days in the metals.
I will have to take a look later tonight to see where it may have come from, and if it is even true. Or better yet, I will wait for either Danny Norcini or Harvey Organ to show their findings. Never makes sense to duplicate effort.
Wishful thinking from the bullion bears or real supply, we'll have to wait and see. But no matter how you wish to view it, Blythe, you're called. Let's see what you've got.
"He who sells what isn't his'n,
Must buy it back, or go to prison."
(or obtain a presidential pardon
for services rendered.)
Daniel Drew
http://agoracom.com/ir/ECU/forums/discussion/topics/485504-comex-silver-spike/messages/1557093
http://jessescrossroadscafe.blogspot.com/
Regards - VHF
-
Voila 37 Million Ounces of Silver Appear at the COMEX Warehouse - Or Not
Jesse
May 25, 2011
"Manipulating cash prices for a larger derivative payout is a regular feature in all markets. And $50 million is chump change compared to the billions being made manipulating the markets on almost a daily basis."
Bill King, The King Report
At least according to this update from 24hourgold it is crisis averted for Blythe and her Merry Pranksters, just in time for the May - June deliveries, as 37 million ounces of silver have been added to the dealer inventory at the Comex.
I believe that an addition of this size in one fell swoop, if true, might be called 'unprecedented,' at least since the benefice of Buffett supplied the silver for the newly forming SLV.
Such a huge addition, if true, is certainly worth some examination in what is known to be a tight market for physical supply. This inventory system does seem to move improbably large amounts of 'bullion' around like Tinker to Evers to Chance.
These are the saddest of possible words:
"Tinker to Evers to Chance."
Trio of bear cubs, and fleeter than birds,
Tinker and Evers and Chance.
Ruthlessly pricking our gonfalon bubble,
Making a Giant hit into a double –
Words that are heavy with nothing but trouble:
"Tinker to Evers to Chance."
It might even be just a 'data glitch' at 24hourgold since I am informed that the public Comex sources do not yet confirm any such addition. (I have highlighted this caveat to prevent the 'I told you so' crowd from embarrassing themselves more than necessary.)
You just have to love these option expiration days in the metals.
I will have to take a look later tonight to see where it may have come from, and if it is even true. Or better yet, I will wait for either Danny Norcini or Harvey Organ to show their findings. Never makes sense to duplicate effort.
Wishful thinking from the bullion bears or real supply, we'll have to wait and see. But no matter how you wish to view it, Blythe, you're called. Let's see what you've got.
"He who sells what isn't his'n,
Must buy it back, or go to prison."
(or obtain a presidential pardon
for services rendered.)
Daniel Drew
http://agoracom.com/ir/ECU/forums/discussion/topics/485504-comex-silver-spike/messages/1557093
http://jessescrossroadscafe.blogspot.com/