Mints Scouring America for Raw Silver
The big spike in investment coins, rounds, and bars is almost certainly behind the unusual delivery activity at COMEX warehouses.
Sources indicate mint and refinery demand is largely responsible for this “jumping [of] the queue” and off take of 1,000-ounce bars. The silver is needed for manufacturing into smaller retail products currently in very short supply.
Some major precious metals depots around the country, such as those in Los Angeles, completely ran out of all forms of pure silver last week, and mint owners are scouring the country to lock up the silver they need to keep production running.
The scenario is deeply frustrating for mints that should be having a heyday in this period of high demand.
However, if mints can’t readily get their hands on the raw silver needed for production to run at full tilt, orders could get backed up for weeks or even months.
The retail and wholesale market for silver is tight as a drum and shows no signs of loosening. Another spike in demand may clean it out completely.
http://goldsilverworlds.com/investin...ults-of-comex/