For years now I have considered govt numbers to be just a bunch of happy horse s#|t. Inflation... employment... housing ... manufacturing ... ..GDP ...it is all just numbers managed by people with anagenda.

Now we see for the month of January that there was supposed to be 640,000 ounces of silvered against crimex contracts. Yet the crimex holdings;

From midas

COMEX Warehouse Stocks January 6, 2010

SILVER

ZERO ozs withdrawn from the dealer’s (registered) inventory
1,898 ozs withdrawn from the customer (eligible) inventory
Total dealer inventory 54.38 Mozs
Total customer inventory 58.12 Mozs
Combined Total 112.50 Mozs

For the umpteenth day there was no movement of silver into or out of the dealer inventory. How come the “sales office” is so busy with plenty of “ordering” pushing prices through key resistance to new highs yet nothing leaves the “factory gates”? If you saw a company that had such a profile wouldn’t the words “scam” or “Ponzi scheme” or “Enron” come to mind? There were only paltry movements in the gold inventory also. As you will see below the contango in silver reduced significantly with buyers buying the JAN contract for immediate delivery indicating tightness of physical supply and a high demand for physical silver yet ZIP moves out of the warehouse! And Jim Bianco thinks there is no evidence of market manipulation! This is just one piece of evidence in a mountain of evidence that GATA has amassed over the years. The golden rule in financial markets is that if things don’t smell right, they are NOT right. There is a putrid stench coming out of the COMEX.

I firmly believe that the crimex is totally corrupt. From the bankers shorting contracts that they could never cover to the way they change the rules to suit their agenda.

On another board the question comes up, when do real metal bugs just sell averything and buy physical. I know for me I seek the leverage of pm stocks. Of course I recognize the many ways the dc/new jerk mafia manipualtes all things paper and there will probably come a day that only metal will make sense. But for now I will hold to the few stocks I hold ( about 12) that I consider to be sound investments and/or hi % reward vs risk positions.

I am still waiting for the October promise of postition limits on futures contracts. I guess next they will start to manipulate the calandar.