Monday, March 21, 2011

China Imports 245.6 Tons of Silver In February

(Bloomberg) -- China’s Silver Imports in February Were 245.6 Tons, the customs agency said.

We are confident this will not affect the silver market whatsoever as Blythe (JPMorgan) will increase their shorts by 300 tons accordingly.
The real question is just where exactly did China source 245 tons of physical silver in the month of February? It sure as heck wasn't from the Comex.  Our money is on the SLV inventory.