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| The COMEX is like playing musical chairs with this in Yankee Stadium on opening day |
HSBC adjusts silver out of registered.
JPMorgan adjusts silver into registered.
Scotia losses half a million ounces.
Silver musical chairs continues.
Who will have a seat (phyzz) when the music stops?
COMEX WAREHOUSE SILVER INVENTORY UPDATE 9/16/2011
*Brink's received a deposit of 50,146 ounces into eligible vaults
*The Delaware Depository had a withdrawal of 8,908 ounces out of eligible vaults
*The Delaware Depository also had a deposit of 10,856 ounces into eligible vaults
*HSBC adjusted 40,540 ounces out of registered vaults, and 40,541 into eligible (the found the extra ounce from yesterday the janitor tried to sneak out)
*HSBC also received a large deposit of 582,842 ounces into eligible vaults
*JP Morgan adjusted 75,286 ounces into registered vaults
*Scotia Mocotta had a large withdrawal of 476,171 ounces out of eligible vaults
*TOTAL REGISTERED COMEX Silver inventory increased to 31,715,225 ounces
*TOTAL ELIGIBLE COMEX Silver inventory increased to 73,081,132 ounces
*TOTAL COMEX SILVER inventory increased to 104,796,357 ounces
7 comments:
Asking strictly to learn. Is it the fact that the physical Silver is moving a bad thing? I see the overall number of ounces increasing. That looks to me like at least a few less paper holders will get screwed.
Wynter_Benton strikes again!
Hmm.. If the numbers are factual, I guess we can say deposits are getting smaller, and some frightened people sold some silver because of recent takedowns. This may account for a percentage of the deposits, and together with all the recent bullish news, it looks like they are struggling to make the game seem legit for the upcoming lawsuits.
If the numbers are fake (due to the banks, the cartel, or some other party), anything is possible. It could be they have more than they say, but it could also mean they have less, and want to play ball until COMEX Zero.
Anybody like to comment on my thought process?
Who knows?
They could be buying up silver like crazy with all that money they made. Scotia and HSBC could've just thrown a dog a bone. If JPM goes down, the whole cartel ship goes with it. This Class-Action Lawsuit is looking mighty interesting to a lot of people.
MARKETS CLOSED....
To Be Continued......
I just wanted to add this reply to Clive Maund`s article I posted on silverseek.:::
Clive is looking at this from a technical point but is not a technical market it is a highly manipulated market mainly thanks to the criminals at JP and COMEX therefore technical does not wash. In May the scum got rid of silver investors who were just jumping on the bandwagon and didn`t truly believe what the hardcore were saying, this hardcore is what the scum are up against now and everytime they smack silver down we just buy. The inevitable is that the scum are losing their battle, it must have already cost millions although as David Morgan pointed out for each drop of 1 usd the scum make 150 million usd, as silver is running in short supply the price will eventually sky rocket, no silver no mobile phone no solar panel no many things, silver is as close to a rare earth element you can get and in theory should be worth more than gold, maybe one day it will be. It will be interesting to see what happens at this lawsuit brought against JP, the main stream media will find it hard not to cover it but you know they will try their best, with the feeling around the globe about governments and bankers any media airing will show the scum for what they are, theiving, lying criminals.
Greek prime minister cancels trip to USA. He returns back to Athens from London.
oatster0 said
Well Stated ! I don't Cry when they Smack down Silver ! All these Jokers do, is encourage us to buy more Silver instead of a bunch of Chinese Crap ! I've done my homework and Silver is the Most Amazing Metal, God Created! The Bible calls Silver & Gold Money ! Real Money is Rare ! Over Seven Billion People on this Planet, And around One Billion Investible ounces of Silver! If that's the case, just in America, each person couldn't own three ounces if it were dispersed evenly, excluding the rest of the world. Silver is a Tiny market of investors..
There are still several Silver mines out there that went Broke, because the Price was manipulated to low.. And when peoples eyes are opened to whats going on, there will be little if any left.. By the time these mines could be re opened, they still couldn't be able to keep up with demand, because Silver is RARE ! And the competition of the Industrial side builds the Perfect storm to shoot Silver to the Stars!!
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