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<p>[QUOTE="Vess1, post: 26676433, member: 13650"]Settled around $80 base line today. Showing $82.03 atm. An increase from today's earlier lows. (Now $83.42)</p><p> I've watched a lot of people talking about what's going on with the Comex and a record amount came out during January, which is typically a slow month where paper contracts are traded for new paper contracts. Not this January.</p><p><br /></p><p> A typical January sees around 1-2 million ounces go out for delivery. Last month over <b><u>48 million physical ounces were sent out.</u></b> There's no lull for them anymore. They're not getting a break.</p><p><br /></p><p> March is usually their next large delivery month which will likely have much higher need than January. There's not enough in the Comex for this to continue. If the contracts fail, they will negotiate and pay them out in cash. Manufacturers will be forced to hit the open market and pay whatever it takes to get their silver. Very likely to happen this year so grab the popcorn. I don't think people realize what's going on.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 26676433, member: 13650"]Settled around $80 base line today. Showing $82.03 atm. An increase from today's earlier lows. (Now $83.42) I've watched a lot of people talking about what's going on with the Comex and a record amount came out during January, which is typically a slow month where paper contracts are traded for new paper contracts. Not this January. A typical January sees around 1-2 million ounces go out for delivery. Last month over [B][U]48 million physical ounces were sent out.[/U][/B] There's no lull for them anymore. They're not getting a break. March is usually their next large delivery month which will likely have much higher need than January. There's not enough in the Comex for this to continue. If the contracts fail, they will negotiate and pay them out in cash. Manufacturers will be forced to hit the open market and pay whatever it takes to get their silver. Very likely to happen this year so grab the popcorn. I don't think people realize what's going on.[/QUOTE]
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