ciao a tutti
io sono quasi certo che avremo una depressione, deflazione, in questo caso l'argento è uno dei metalli più vulnerabili, poi come ricordano spesso rw e penta è il quando e quanto che conta non tanto il cosa e il come e il perchè.
vedremo
Ti diro´ defalzione/depressione e´ probabile, ma non di tutti gli assets. Per me silver si apprezza, junior bloccati = futura minore produzione, raffinerie che chiudono, miniere che chiudono, e la richiesta per lo meno di metallo da investimento non mi sembra calare piu´ di tanto
in inglese per chi non mastica crauti e patate
A me piace la Paulaner...
Communities print their own currency to keep cash flowing
la strada sembra proprio quella 845 ma forse anche più giù. grafico sotto
Se vero la situazione potrebbe presto diventare bollente...
The mass exodus of metal from the COMEX continues. Today April 6 2.1 Million ozs of silver were withdrawn from the dealer’s inventory. The dealers have now had 8.5Mozs of silver withdrawn in 4 days. This is truly phenomenal. The breakdown is as follows:
SILVER
2,092,227 ozs withdrawn from the dealer’s inventory.
496,039 ozs deposited in the customer inventory
Total dealer inventory 64,904,847 Mozs
Total customer inventory 52,848,067 Mozs
Combined Total 117,752,915 MOZ
GOLD
ZERO ozs withdrawn from the dealers (registered) category
63,249 ozs deposited in the customer (eligible) category
Total dealer inventory 2.695 Mozs
Total customer inventory 5.889 Mozs
Combined Total 8.584 MOZ
The drawn down in silver running at 2 million ozs each day needs to be watched closely. To put this in perspective 2 Million ozs is 10% more than all the silver mined in the world in a day! It is 62 tonnes, or 2000 times one thousand ounce bars which would need 4 tractor-trailers to move it. In reality it will not be moved by tractor trailer but by Brinks security trucks which probably can’t take more than 4 tonnes so 16 Brinks security trucks would be needed each day. This is a massive amount of silver withdrawal.
There are still 1.08 Mozs of gold delivery notices for April outstanding which is 40% of the dealer inventory. These physical moves are totally incongruous with the COMEX price action unless you know what GATA knows.
Cheers
Adrian…
Bill,
In our telephone conversation last night you mentioned that there may be a program purchasing and delivery schedule of some big entity on the silver side from COMEX. You may well be right. It could be that the amount being taken each day is the maximum that the COMEX warehouses can physically handle being limited by available secure trucks, time and manpower to load them.
In the last few days these were the withdrawals
4/1 Net withdrawal 2.193Mozs….. 1.2 Mozs from Dealers inventory 0.993 Mozs from Customers inventory
4/2 Net withdrawal 2.18Mozs ….. 1.2 Mozs from Dealers inventory 0.981 Mozs from Customers inventory
4/3 Net withdrawal 2.02Mozs…. 2.1 Mozs from Dealers inventory 0.094 Mozs added to Customers inventory
4/6 Net withdrawal 1.6Mozs …… 2.09 Mozs from Dealers inventory 0.496 Mozs added to Customers inventory
The gross amount of metal being handled each day is 2-2.5 Mozs.
This could get interesting!…
(LATE ADD, it sure is)...
COMEX Warehouse Stocks - ANOTHER 2 MILLION WITHDRAWAL SHOCKER!!!!
Bill,
COMEX Warehouse Stocks April 7, 2009
EVEN MORE STUNNING! Today April 7 we had yet another 2 Million oz withdrawal day from the COMEX warehouses. The breakdown is as follows:
SILVER
1656332 ozs withdrawn from the dealer’s inventory.
495,057 ozs withdrawn from the customer inventory
Total dealer inventory 63,314,243 Mozs
Total customer inventory 52,287,283 Mozs
Combined Total 115,601,526 MOZ
GOLD
1584 ozs withdrawn from the dealers (registered) category
ZERO ozs withdrawn from the customer (eligible) category
Total dealer inventory 2.692 Mozs
Total customer inventory 5.889 Mozs
Combined Total 8.583 MOZ
The drawdown in silver has no been running at 2 million ozs each day for 5 straight days. This MASSIVE demand is of course totally coherent with the price of silver being trashed recently (cough, cough!)
Cheers
Adrian
Delivery notices…
The COMEX April Contract delivery notices in silver just doubled today! They stand at 327 contracts or 1.63 Mozs. The delivery notices issued today were 166 contracts but yesterday there was only an Open Interest left in April of 49 contracts. Today the OI is has INCREASED to 196 contracts not decreased. Strangely the estimated volume in the April Contract is 5 contracts …it seems to me their estimated volume is very suspect! What this appears to me is that someone purchased 313 contracts in the April Contract and immediately stood for delivery on 166 of them to leave an OI of 196.
The silver volcano is rumbling.
Cheers
Adrian
Sotto un paio di grafici di Gold ($), Silver (XSF), Copper ($). Su Gold e Siver resto impostato su una flag.