Reply to Thread

Message:: [QUOTE="Vess1, post: 26662813, member: 13650"]There's some interesting reading about the Comex right now if you google it.  They  purport to have 418 to 440 million ounces with 124 million classified as being "deliverable"  The physical stockpiles are kept at various banking and non-banking facilities within 150 mile radius around NYC and moved between them.    Says in January, they had 33 million oz go out in one WEEK.     So if they only have around 124 million deliverable and 33 mil oz went out in a week, we may end up finding out how much physical is actually there and how much is just on paper.   This is what we've always talked about but never seen an actual squeeze where the silver was needed.  Apparently now it's needed.      This is all coming after a well above average year last year needing to provide deliverable silver.   Another report I heard from another source indicated that everything from refiners is going straight to comex as fast as they can produce it.    So for the collectors market, the coin shops are rapidly running out of cash to buy it but the places with big bucks or who need it in industry have not.   This year could get real interesting.[/QUOTE]