flower-shilling

Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
pmbug said:
Comex took the LBMA's silver in Jan-March.
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Is that a known fact or just an observation in a decline in LBMA vault data around the same period?

From my understanding for the commercials to place short positions they need to hold physical silver. This may be on a fractional reserve basis but maybe the additional reserves were needed to increase the shorts to manage the price.
 
STKR said:
Is that a known fact or just an observation in a decline in LBMA vault data around the same period? ...
Click to expand...

It's fairly well understood. COMEX gain + LBMA drain started in December and accelerated into January and February with the height of the tariff risk concerns. It was happening with both gold and silver. EFP spreads and borrow rates blew out. SLV London inventory drained of Kazakhstan marked bars (no tariff risk) and increased in China and Russia marked bars (tariff and/or sanction - so they stay in SLV London vault). When the tariff exemption was announced, the EFP spread and borrow rates crashed, but COMEX continued to increase vault supply while the LBMA claims the same with their vault (which didn't make sense - hence the magical mystery I wrote about).
 
There were metals being shipped in one direction, so how did they get their ships in order? Were they afraid of possible squeeze there?
 
I was in a supermarket, looking at snack pack "Cricket" costing $4.60 a small pack
then saw cat food call "Temptations"
anyway, big ship can be sunk by the Sun and Moon
water can be moon pulled to meters high, then the sun work on the storm and wind
the boat can be slam against the salt water, causing concussions to the crews
no eyes witnesses, ship on the sea bottom with its silver load
and is clear weather. :p
 
Yes, it is very interesting! Maybe the pendulum has moved where the market whores can not compete with buyers? When silver gives it will be spoofing in a glory hole.
 
may be different buyers this time, so there is not much to profit for a dump.

it was higher for Pt, so did not buy Ag last week anyway, it would have been a small purchases anyway
still looking and waiting ...
I asked a few eBay sellers in Germany if they could post to SG, they sell locally only and not willing to post. too much paper work.
 
NATO munitions rely on kilos of silver, not ounces. NATO are in a full-blown rearmament of deleted stockpiles of munitions Russia has done a danm good gob of that. China will not give the EU anything. The EU are fucked
 
The EU needs a full-blown war with Russia or a massive split in the union will spill over. The UK will burn when this happens. Germany will be another wasted pimple on the map
 
So we've got 1.25 Billion Oz's of known available aboveground silver at the LBMA and COMEX.

There's an estimated 3-5 Billion Oz's of investment grade bullion in the hands of individual stackers. That's 3-4x more than the LBMA and COMEX and 100x more than BlackRock. The doesn't account for jewellery which, IMO, jewellery would contribute the scrap metal refining numbers each year. It's kinda of like all the money and assets in the world, we the people hold more than the elites. We hold all the power when we're united, and that's why they need us divided.

I won't be confident that it's Silver's time until we see a significant draining of the LBMA and COMEX. I believe the show will begin when that 1.25 billion Oz's drops to <500 million Oz's.
 
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