Sunday, July 17, 2011

Comex Silver Follow Up

As I previously mentioned the silver inventory in the worlds largest silver futures market, the comex, is dwindling:

So another 3 million ounces is snatched up in the last 45 days. At this rate there won't be much left by the end of the year, if current trends continue. When the sharks start circling, realizing if they all pile in they might corner the market, things could get ugly. A reverse minksy moment could happen, where investors realize they won't get delivery and prices will spike.

No comments:

Post a Comment