COMEX SILVER INVENTORY UPDATE 7/29/2011

CRIMEX Silver inventory volatility continued on Thursday, with several LARGE movements of silver to report.
COMEX Eligible supplies increased by 1.2 M oz on the day, yet Registered (deliverable) silver declined another 19,876 oz on the day to set another BRAND SPANKING NEW LOW of 26,729,370 oz

COMEX Silver Warehouse Inventory Report 7/29/2011

Cartel Smashes Silver on COMEX Open

Silver received the usual treatment on the COMEX open this morning. A surge on the COMEX open challenging the $41 level induced quick action by the cartel, knocking silver from $40.96 to $40.26.
It appears that the t1/2 of the latest silver smash is roughly 90 minutes, as silver has already retraced almost all of its losses in the smash, with a last quote of $40.83!
As we have said repeatedly, if silver can take out $41 convincingly, silver should challenge $42-$43 in a flash, as momentum traders pile back in to the shiny gray metal.

The Life of a Silver Hitman

Move over Silver Bears...The Silver Robots are here!

SilverDoctors' reader Cleburne61 has created a MUST WATCH animated update on the silver market.
The cartel is losing its grip on the silver manipulation.
Its so obvious even a robot can see it!