Loading ...Goldie – this jumped out at me “showing severe physical supply stress despite large COMEX stockpiles.”
I wonder just how large the Crimex stockpiles really are. It seems if they were so large, the metals would be shipped back to London and arbitraged to Shanghai. It seems that this is the point, the Crimex is running out deliverable metal as well.
maddog – good point. That was the first thing I looked at – how the shares looked premarket. They don’t look great, but they don’t look horrible either, most down 2-3%. As if they know this pullback won’t amount to much.
Volume in SLV was massive on Friday. Where are they going to get the metal for that? Where is Sprott going to get the metal for PSLV?
This is just the beginning of the war.
They tapped silver below $74 at $73.95 and buyers immediately came in. They are probing a bottom.