Just a rumour at this point but one that is reasonable...

Regards - VHF

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And the Latest of Lady Winter

MarketCycles

January 19, 2011

Anyone hearing rumors that Comex shorters are buying at the Mint?

18-Jan-11 06:48 pm - Blythe's former traders are actively tracking physical silver all over the world. We all know that it impossible for the Comex to withstand the raid that is about to hit it come March 1. Blythe's former traders will be blackmailing the Comex big time come March 1. Everyone knows about it so we expect Blythe, The Morgue,and the Comex shorters to alleviate this situation the best they can by buying up all the physical silver they can get their hands on.


Isnt it strange that as of today January 18, over 4.5 million ounces have already been sold by the US Mint. The previous monthly record was only 4.2 million ounces. Over in Switzerland, the Zurcher Kantonalbank added 13,800 ounces of gold but lost 273,000 ounces of silver. I let's not forget the SLV which lost over 6 million ounces last week. Where is all of these physical silver going? Can the morgue be buying up these silver and melting them into 1000 oz bars to help ease the strain come march 1?

In December, the Comex only delivered 9.2 million ounces of physical silver so these amounts are not trivial.

But they are trivial compared to the 70,000 plus March contracts that are outstanding representing 350,000,000 ounces.