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<p>[QUOTE="medoraman, post: 1948070, member: 26302"]Well, how would you know that Peace? How do you know that people took delivery from this stockpile for use versus it simply being withdrawn from the warehouse? Physical silver usage usually does not go through such warehouses, it goes from the mines and warehouses directly to consumers. The only silver put into such warehouses is done specifically for backing paper silver contracts. We know this since it costs more to get such silver certified for contracts than it does to put it in a normal warehouse.</p><p><br /></p><p>So, as such, I still say declines in this stockpile could be bearish or bullish, and not knowing anything further we do not have any actionable data.</p><p><br /></p><p>I am buying as well, when I get in a mood, at these price levels. I have never been good at catching bottoms, so I feel ok around 20 buying if I feel like it.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1948070, member: 26302"]Well, how would you know that Peace? How do you know that people took delivery from this stockpile for use versus it simply being withdrawn from the warehouse? Physical silver usage usually does not go through such warehouses, it goes from the mines and warehouses directly to consumers. The only silver put into such warehouses is done specifically for backing paper silver contracts. We know this since it costs more to get such silver certified for contracts than it does to put it in a normal warehouse. So, as such, I still say declines in this stockpile could be bearish or bullish, and not knowing anything further we do not have any actionable data. I am buying as well, when I get in a mood, at these price levels. I have never been good at catching bottoms, so I feel ok around 20 buying if I feel like it.[/QUOTE]
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