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<p>[QUOTE=&quot;desertgem, post: 1701094, member: 15199&quot;]Most uninformed ( business wise) see reduction in amounts in the exchange warehouses as an indication that silver or gold is getting scarce, but do not understand the function of the exchange warehouses. Reduced storage means that the exchanges are not getting contracts for physical delivery as when gold and silver were going up rather regularly. They do not sell it by the piece at the backdoor. If anyone buys a contract for physical delivery, the storage will increase on the book. If not, as most fear the worse is not yet over ( except the bullionists, and they count little as few of them are buying contracts for physical delivery), and do not want to commit the full purchase price for delivery, place paper bets with margin or options and wait until the last day to change from a nondelivery to a delivery contract.</p><p><br /></p><p>Conversely a decrease in exchange warehouses indicate a fear and uneasiness in the future pricing so the exchange doesn&#039;t have to store it for the delivery contract. People would be better served if they waited until the inventory goes up before buying themselves. IMO.[/QUOTE]</p><p><br /></p>

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