Massive COMEX Silver Withdrawal on Friday – 3.6 Million Ounces withdrawn from Brinks.

[Ponce]

Some pretty charts at link........

http://fromthetrenchesworldreport.com/massive-comex-silver-withdrawal-on-friday-3-6-million-ounces-withdrawn-from-brinks/23599/
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The Silver Doctors There was a massive silver withdrawal out of the Comex on Friday. Over the past week, there has been a steady increase in the total amount of silver in the Comex warehouses.

However, in one huge withdrawal, 3.6 MILLION OUNCES, a whopping 17% of Brinks total REGISTERED silver inventory was removed on Friday. I have not seen such a large withdrawal from the registered category for quite some time.

Furthermore, this single withdrawal from the Brinks registered category was nearly 10% of all the total registered silver in the Comex warehouses.

NEW IMPORTANT UDPATE BELOW: added at 9:53 pm SATURDAY

Brinks had a staggering 3.6 million ounce silver withdrawal (or 17% ) from its total REGISTERED INVENTORY on Friday. There was an additional 558,390 ounces withdrawn from HSBC.

There were two deposits on the same day. 456,057 ounces was deposited into the JP Morgan warehouse and 1,176,937 ounces went into the Scotia Mocatta vaults.



Even though there was a total of 1.6 million ounces deposited in the Comex Warehouses on Friday, there was 4.16 million withdrawn with a net reduction of 2.5 million ounces.

Of course we don’t know if these figures are completely accurate, but we can plainly see there is serious movement of silver coming in and out of the Comex.

UPDATE: 9:53 PM SATURDAY

I just looked at the USGS new monthly Silver Commodity Update. What a SHOCKER. If we take a look at the difference in silver exports from just June to July, we can see that a staggering 169 metric tonnes of silver was sent to the United Kingdom back in July. This is a 5.4 million ounce transfer of silver to the U.K in just one month:





If you notice, you will see that the normal amount of silver that has been moved per month to several different countries is in the 30,000 kg or 30 metric tonnes. However, in July the U.S. exported 169,ooo kgs. or 169 metric tonnes to the U.K. Looks like there has been some serious silver being transferred to the LBMA in London.

Lastly, of the total 587 metric tonnes of silver bullion exported between Jan-July of 2012, 169 metric tonnes or 29% of the total silver exports took place in one month… and to one country…. U.K.

[mamboni]

I'm not quite sure what this means, but if I were in Europe I'd be piling into silver and gold bullion pronto. The EURO and the POUND are positioned for a large devaluation. Unless of course, the EURO simply skips devaluation on it's way to collapse.

[osoab]

I'm not quite sure what this means, but if I were in Europe I'd be piling into silver and gold bullion pronto. The EURO and the POUND are positioned for a large devaluation. Unless of course, the EURO simply skips devaluation on it's way to collapse.


They have to pay VAT on wilver in Euroland.

[chad]

you wouldn't think a massive withdraw would make it go down almost $1.

[osoab]

you wouldn't think a massive withdraw would make it go down almost $1.

How much paper silver was sold into crimex in the same time period?

[mamboni]

They have to pay VAT on wilver in Euroland.

It still beats the piss out of holding a soon to be worthless paper currency. Silver is up 400% since 2005. Even if you paid the VAT then you are way ahead now.

[Neuro]

you wouldn't think a massive withdraw would make it go down almost $1.
Mysterious are the ways of TPTB... Anyway it went to JPM warehouse... 3.6 million oz's of physical, they can probably squeeze out a net of a Billion oz's of paper shorts from that one...

[Horn]

you wouldn't think a massive withdraw would make it go down almost $1.

I remember a couple years ago it dropped around $3 before a large U.S. government purchase.

These things are natural, according to Sparky.

[osoab]

I will wait and see Harvey Organ's numbers. Should be out today.

http://harveyorgan.blogspot.com/

[Horn]

I will wait and see Harvey Organ's numbers. Should be out today.

Like I said, these are all signs of a healthy, free & normally operating market.


It rarely exceeds 1% gains on any given trading day.
* It virtually never has any follow-through even after a 1% gain.
* It virtually never has any follow-through on key outside reversal days.
* It virtually never has any follow-through on technical breakouts.
* It virtually never rallies on bullish news.
* It never rallies on news of good physical demand.
* It is shunned or disparaged by 98% of the alleged pundits.
* Waterfall crashes occur with regularity, often in thin-trade markets.
* The producers of the commodity are largely silent about its prospects.
* The commercials are perpetually short and mega-bearish.
* The 2 major promotional firms hired by the producers never forecast higher prices.
* The 2 financial cable news networks give little to no coverage, and shun the expert analysts.

[Neuro]

Like I said, these are all signs of a healthy, free & normally operating market.


It rarely exceeds 1% gains on any given trading day.
* It virtually never has any follow-through even after a 1% gain.
* It virtually never has any follow-through on key outside reversal days.
* It virtually never has any follow-through on technical breakouts.
* It virtually never rallies on bullish news.
* It never rallies on news of good physical demand.
* It is shunned or disparaged by 98% of the alleged pundits.
* Waterfall crashes occur with regularity, often in thin-trade markets.
* The producers of the commodity are largely silent about its prospects.
* The commercials are perpetually short and mega-bearish.
* The 2 major promotional firms hired by the producers never forecast higher prices.
* The 2 financial cable news networks give little to no coverage, and shun the expert analysts.
Excellent observations Horn! In short: it's a dog.

[osoab]

Excellent observations Horn! In short: it's a dog.


He got that from Harvey's site. It came from GATA.

[mamboni]

Excellent observations Horn! In short: it's a dog.

No Phillip! Time changes space!

That is GATA's laundry list case for silver and gold price suppression and a rigged market. Today silver is a dog. Tommorrow, silver [and gold] shall rule the world <insert evil laugh>

[Neuro]

No Phillip! Time changes space!

That is GATA's laundry list case for silver and gold price suppression and a rigged market. Today silver is a dog. Tommorrow, silver [and gold] shall rule the world <insert evil laugh>
Well I don't mind if it keeps the image of a dawg, for a few more days. Since I don't own a printing press I need to work to buy Silver, and as long as the printing press owner works hard to suppress the price of silver to keep the illusion alive, the more I can accumulate. At this time it works to my advantage, but it would suck if I had to sell now to get the daily bread...

[Horn]

Tommorrow, silver [and gold] shall rule the world <insert evil laugh>

Looks like we finally turned Doc around to placing parenthesis around the correct metal...

All is right with the world.

[LuckyStrike]

if I were in Europe I'd be piling into silver and gold bullion pronto.

LOL, you aren't even in Europe and you are taking your own advice.

Maybe it was just me but your sentence made me smile, like saying while engulfed in flames "if I were on fire I'd jump in a lake"