The recent move in Silver is no normal market cycle. It represents a number of factors, but none more important than supply vs demand! I wonder if the weekend will turn up any more silver so the cartel can live to manipulate another day? I doubt it, the hole is too deep and the shift from fiat to pms is now well established and will only increase from here.

From Midas:

There were ZERO delivery notices issued in silver yesterday. There were only 9 notices the day before. On First Notice day (Aug 31) there were only 292 issued against 3,002 contracts of Open Interest. This is VERY bullish.
This is another sign that a physical shortage is growing. The shorts have an interest to make deliveries quickly to stop paying insurance and storage fees on the bullion that they have sold through their short position. The fact that there is a dearth of deliveries is a big red flag. The price action is confirming this as silver is once again outperforming gold.

The cartel can not solve this problem with paper. A big move is close at hand.
Regards
Adrian Douglas

I am out west and left my laptop command post to get a quick breakfast. When I returned, the price of silver had rocketed to $19.93 per ounce, which took gold up close to $1250 in the process.

The operative word in yesterday’s MIDAS headline was PANIC! The frantic buying right on the bell was a precursor for today and what is to come. Odds are the news of no deliveries today leaked and really spooked a short or two … ones that knew how important this news really is.

Silver is a market in play…