-some short covering occurring
-44200 oz sent down for servicing, that's HUGE
-1,123, 900 still standing this month for delivery (1.38 tonnes)
-OI rises a lot
-ZERO oz's received into the dealer AND customer vaults
-HUGE withdrawal from dealer (200, 792 oz's)and out of ALL registered vaults
-Incredibly large adjustment of 642, 786 oz's
-1, 430, 000 standing this month (no change form yesterday)
SLV: no physical left the vaults (there is probably nothing in them anyway)
Right before China raises rates, Blythe et. all crush commods, in hopes of covering some shortkies. After she gets back from the pisser, she realizes how fucked she is for the first time ever. Up until then, she thought the Ben Bernank and the J Dimonds could help her out. Well I got news for you honey, Benjamin has way bigger issues to deal with than the JP Morgue going tits up....or does he? hummmmm...
Overall anyone taking my advice and bought yesterday on a strong buy reco's is now rewarded. WARNING: Blythe LOVES wednesdays. Expect a MASSIVE raid, in hopes of salvaging whats left of her/his career. Be expecting this March's COMEX to have issues that will be unexplainable OR push up the price of gold/silver...they now have NO choice left.
$188 TRILLION of the $223 TRILLION in notional value of derivatives sitting on the Big Banks' balance sheets is related to interest rates, Michigan muni's about to implode, Suez workers say "eat a dick we aint workin", NYSE volume lowest of the year, Silver above $30, Greece is beyond broke needs more feta and olives to sell, Egypt, yes I know this is getting redundant, is still on fire.