Sunday, February 27, 2011

Paging Blythe, 14,259 Silver contracts still standing...Houston you have a problem

Its late. Its 1 am. Was out all day and night at my child baptism. We still have 14, 259 contracts standing. The prelim CRIMEX reports are a joke. 4187 is NOT whats left standing, don't listen to MORONS who cant read a CRIMEX report like user 'iFlash.'

I will report back on Sunday afternoon with the latest and greatest. Although I doubt we will have enough standing to break the bank, I can assure you Blythe and Co. are burning the midnight oil to put an end to this 'delivery' thing we have going for us. Either way, 20 million oz should be getting withdrawn on Monday, but we need to see the final report to confirm (obviously).

Blythe, hope your weekend is going well, its been a wild one hasn't it?

See you on the field...

Posted by at

27 comments:

  1. sierra_hpbtFebruary 27, 2011 at 2:07 AM

    hahahaha!!!! keep the faith brother!

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  2. sierra_hpbtFebruary 27, 2011 at 2:09 AM

    Next week should be a wild ride..

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  3. JackFebruary 27, 2011 at 2:39 AM

    14,259 it is!

    Is WB lurking with 2013 options to be exercised
    all of sudden? I doubt it, but the thought crossed my mind.

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  4. nevernessFebruary 27, 2011 at 3:10 AM

    14,259 is thursday's number. 4,187 is friday's. Ofc the data is manipulated anyway so it doesn't matter. I went long the Futs at 31.92. Huge thanks to you compadre :) Using some profits to buy physical!

    http://www.cmegroup.com/daily_bulletin/Section62_Metals_Futures_Products_2011038.pdf (Friday)

    http://www.cmegroup.com/daily_bulletin/Section62_Metals_Futures_Products_2011037.pdf (Thursday)

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  5. Dieter VollmuthFebruary 27, 2011 at 3:36 AM

    SGS, sorry, but there are only 4187 open March-Contracts.

    http://www.cmegroup.com/daily_bulletin/Section62_Metals_Futures_Products_2011038.pdf

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  6. UnknownFebruary 27, 2011 at 3:37 AM

    I was thinking of getting into juniors but I spent too much on physical. Trading fee alone would be too much for me to even make substantial profit trading. Although, I may just buy like 2500 shares of Tinka (I'm telling you, I don't have much fiat left!!) and see if out performs physical this year. If it does, I'll say it's a good investment. That way I can cash out and buy more physical (if I can find any and the train hasn't left the station by then).

    Thanks SGS...I doubt the COMEX will even be able to find enough physical to cover 20 million ounces a month..assuming May isn't the month we see those 40k contracts with a few days to go actually STAY resolute and not cave to fiat....but they probably took their 50% premiums and went over to Tulving and got some physical. So they are doing their part, in a way.

    The bankers are delaying it, so they are playing their game earning as much fiat to buy physical as possible.

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  7. UnknownFebruary 27, 2011 at 3:38 AM

    This comment has been removed by the author.

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  8. UnknownFebruary 27, 2011 at 3:41 AM

    Can't wait to see what SGS says to you guys.

    I have noticed, that on EVERY single blog update, their is someone who challenges SGS posts. Like he would post data without knowing if it was factual?

    Posting speculation about what you think will happen and being wrong is one thing...but coming out on Saturday night with the Thursday numbers (is what others are saying) is another...

    Did you really make that mistake, or is the Crimex friday report lying?

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  9. UnknownFebruary 27, 2011 at 4:27 AM

    I am always willing to learn: Where - if not from the Comex itself – would one grasp the number for OI? I am happy if you share any other ressource ...

    Until then: I have not seen a premliminary report that showed significantly less OI than there was in the end. But maybe this time this is different. In this case I would be happy if you told me possible reasons for that.

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  10. UnknownFebruary 27, 2011 at 4:32 AM

    This comment has been removed by the author.

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  11. YousifFebruary 27, 2011 at 6:40 AM

    Could the following mean that they're getting desperate?

    17 tonnes of silver found hidden at Puri Math

    http://timesofindia.indiatimes.com/india/17-tonnes-of-silver-found-hidden-at-Puri-Math/articleshow/7583713.cms

    Is silver so hard to find that they're raiding 200 year old structures or is this just propaganda?

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  12. UnknownFebruary 27, 2011 at 7:43 AM

    Gents, the OI was reduced by -4187 contracts leaving +10072 contracts standing.

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  13. UnknownFebruary 27, 2011 at 8:32 AM

    no the 2nd to last number is what's left, while the last number is the amount reduced. Which means there's 4187 standing, but SGS is saying the number are bogus. That's how I understand it.

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  14. AnonymousFebruary 27, 2011 at 8:38 AM

    sgs, should i put an order in to lock in pricing now on physical, prior to tonights open or wait to see what happens with 1.30 mon.....i understand there is a chance you may not be 100%
    right, but an more informed educated advice from you will carry wieght in my final decision...p.s. stick to what you do and stop worrying about your attackers....

    mike

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  15. UnknownFebruary 27, 2011 at 8:45 AM

    I've read the report (have you? link above). A 2yr old with an abacus could work it out. 10072 contracts remain.

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  16. UnknownFebruary 27, 2011 at 8:56 AM

    yes I have, and you might want to double check. If you look at the other number above, some of them say UNCH, indicating the last column means changes from the day before. so the 10072 is means -10072 contract from the day before. If you are wrong, be a man and apologize.

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  17. AnonymousFebruary 27, 2011 at 9:26 AM

    IF any of you naysayers think you know the silver market better than SGS, then start your own website! When you have as enviable a track record as SGS, then I might take your words seriously. Until then, a dash of humility might keep you from getting hit by the 'ban hammer' for pooping in SGS electronic living room. The demand for silver is record-breaking and growing, the COMEX is a bankster creation, and Comrade Short Bucky is getting shorter all the time.

    Here's Harvey's take: "these guys cannot get volumes correct so how do you expect them to get open interest correct especially when you have huge numbers of options exercised for a future contract which will be given on Feb 28 2011." I know who I trust, and it involves past performance.

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  18. zogglFebruary 27, 2011 at 9:32 AM

    This comment has been removed by the author.

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  19. gpamFebruary 27, 2011 at 9:32 AM

    Check out my Silver Data spreadsheet link
    At the bottom of the spreadsheet, you will see several "tabs", one of them is called COMEX, click that and go to the current date to see where we stand from the PG62 preliminary reporting:

    http://tinyurl.com/5rytju9

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  20. UnknownFebruary 27, 2011 at 9:36 AM

    which is 4187. thank you very much.

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  21. ThisisrichFebruary 27, 2011 at 9:56 AM

    Nice sass.

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  22. silvergoldsilverFebruary 27, 2011 at 10:22 AM

    I am not putting heavy emphasis on prelim data...and how can we look at this data without having the slightest clue about the options that will be exercised and any trades that occurred after 1:30, in which the market moved significantly after that?

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  23. AnonymousFebruary 27, 2011 at 11:19 AM

    Right after the comex fulfil the contracts, it will be wonderful if someone can audit SLV physicals.

    I bet if we can enforce an audit, the price for silver will jump substantially overnight.

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  24. Blyght's MomFebruary 27, 2011 at 11:40 AM

    Wow SGS, your sources are good. The latest word from my little Blight's camp is that there were more contracts than they initially thought. My little pony has graduated from BJs to straight sex in order to get the job done. Ironically it has been confirmed she is using "Midnight Oil" lubricant to put these contacts to bed. I'll try to keep everyone updated but she is getting cranky and doesn't want to take my calls. Gotta run, Goldbond goes on sale at noon.

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  25. AnonymousFebruary 27, 2011 at 12:34 PM

    i will assume the position of the dumbest dumb ass on this site.......sgs, how do i thank you

    thank you
    mike

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  26. TerryFebruary 27, 2011 at 12:55 PM

    http://www.youtube.com/watch?v=_-dBQd16cvg&feature=feedf

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  27. UnknownFebruary 28, 2011 at 5:31 AM

    Shores said: "A 2yr old with an abacus could work it out. 10072 contracts remain."

    Well, I assume you must be a one year old then with no abacus. It's the other way round. And I would bet any amount of momey that the figure will come down further more as soon as we see the final report. Something below 1000 would be my guess, probably even much less than that.

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