COMEX Registered Silver Bullion Inventories Fall Sharp 38.5% in Two Weeks – Risk of COMEX Silver Default Remains
Spot gold and silver prices rose slightly again this morning after hitting a one-month high yesterday as equity markets internationally came under selling pressure. The Moody's downgrade of Greece and worryingly poor US economic data again pushed investors to seek the safe haven of bullion. Gold reached new record nominal highs in sterling yesterday (£945.62/oz) as the pound fell on concerns about the UK economy.
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Understood, but what's to stop the Comex from adding 100 tonnes of paper each day for the next couple months? The regulators don't care or they're a dumb and stumps. The real question is why did they let it drop so low for all to see? Is there a shortage of green Xerox paper? None of this stuff makes sense anymore. Almost record low silver inventories and the price keeps falling. The whole inventory thing needs to be recalibrated we need a vault worker insider to say either yeah she's empty and dust bunnies everywhere, or you guys are FoS she's loaded to the rafters!
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ReplyDeleteThe rich will demand physical delivery...
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