-contract holders now looking for delivery of gold, dont want to kick the bucket down the road anymore like normal
-1,131,000 oz standing this month
-commercial banks RAISE shorts by huge 7109 contracts
-OI rises to fucknormous level of 150,615
-March contracts now stand at 53,125, we are a week away from the show baby!
-withdrawal of 178,378 oz
-2,425,000 standing this month
-JPM et al. adds another 6831 contracts SHORT!
-and biggest JOKE of the day goes to....SLV! Who thinks they found 3,466,666 oz OVERNIGHT to replenish 'physical' supplies, LOL, this is going to be EPIC
I would like you to read the following from Harvey's post today:
"The huge rise in silver price has caught the silver bankers totally offside on the silver banking. The BIS data released in November (www.goldexsextant.com) shows that the G 10 bankers have collectively sold forwards and swaps to the tune of 4 billion oz and short naked calls for another 3 billion oz. The total, 7 billion oz represents 10 years of production. If you just do the forwards, then it is 7 years of annual silver production. Let us say the average cost of acquiring these derivatives and forwards equate to $15.00 for silver. Thus collectively the entire G10 bankers are feeling massive pain (losses) to the tune of:
7 billion oz of silver( 32.30-12.00) = 7 billion x $17.30 = 121.1 billion dollars of losses.
This is in a market of only 14 billion dollars. It begs the question to what economic need was this done.This is still off balance sheet.
If you include only the forwards or swaps (the lending of actual metal to which nothing has come back yet) then the losses are:
4 billion x 17.30 or 69 billion dollars.
Regardless how you look at it, the bankers are in serious trouble with this huge rise in silver prices. I hope you understand the severity of the situation."
Keep those tinfoil hats on, I will have more to come. I was at a private conference last night listening to a very important individual who is an expert on the middle east. I will relay some info from there, and why I think this will be a HUGE issue for us moving forward, and hugely beneficial for PM holders.
I will be back later, have many posts to do up, great info coming...I also have a plan to get the word out to many many Canadians who also like many many Americans live in the CNN world influence of mindfucking. My idea will hit the younger generation as well, and with YOUR help, I may be able to...I'll explain later...it will be EPIC, I'm so excited, I'll keep you posted.
QUICK NEWS: Brought to you by: Oh, you know who! ;)
MERS done with fraud says see ya, S.Korean Banks runs, 88 protests this week globally, 10 year surges, $USD death spiral, Iranian ships moving in Suez, 10% inflation for 2011, Silver margin raised like I said 48 hrs prior to release!
Hi Blythe!! Someone told me you read this!! winky winky my lovely! Kisses.