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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Re: All things considered
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Mar 26, 2013 08:20PM
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Mar 26, 2013 10:01PM
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Mar 27, 2013 02:53AM
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Mar 27, 2013 07:33AM
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Mar 27, 2013 09:00AM
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Mar 27, 2013 01:55PM
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Mar 27, 2013 10:55PM
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Mar 28, 2013 12:06PM

Good thing I checked the link at that removed post http://harveyorgan.blogspot.ca

Notice has been served today to deliver another 500,000 oz of ole yeller out of the hands of CRIMEX(!) "HUGE" news indeed as the drain of physical gold continues the recent bloodletting of CRIMEX inventories. Uncle Jim's right on that mark - the CA$H market rules bigtime and the CRIMEX paper price in no way promotes the growing underlying real and increasing value in the POG in hand. Think about the implications of a massive nearly one third withdrawal of physical over the course of 3 months. Looks like the smart money is taking action ahead of the crowd. Follow Sinclair's advice - the smart money and not the sleeping herd.At the current rate of outflow suspect won't be long before capital controls are imposed on outflows of PMs ala Cyrprus (ie limited withdrawals permitted.)

We had 1 major adjustments:

i) we had a massive 499,334.564 oz of gold adjusted out of the customer account and into the registered or dealer account. This no doubt will be used in the delivery process. The vault: JPMorgan. (who else?)




Thus the dealer inventory rises and rests tonight at 2.920 million oz (90.82) tonnes of gold.

The CME reported that we had 5099 notices filed for 509,900 oz of gold today. The total number of notices so far this month is thus 5099 contracts x 100 oz per contract or 509,900 oz of gold. In order to establish what will be the total number of gold ounces standing, I take the OI for April (13,378) and subtract out today's delivery notices (5099) which leaves us with 8279 contracts or 827,900 oz left to be served upon our longs.

Thus on this first day notice we have the following gold ounces standing for metal:

509,900 oz (served) + 827900 oz (left to be served upon )_ = 1,337,800 oz or
41.61 tonnes of gold.

This is huge!!
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