Registered Silver Inventory Near ‘Historic Lows’

Posted by on April 18th 2012 in Bailout, Bart Chilton, CFTC, Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, U.S. Congress, Wall Street | 1 comment

A commentary posted at Mineweb examines “registered” silver inventory held for delivery in COMEX vaults, and finds that “there is less than 4% of annual mine supply available for delivery.  In our view this is further evidence that we have reached the technical end of the runway.  Simply put, prices must rise in order to attract more physical silver into the delivery pool.”

Reuters reported earlier this week that the combination of “registered” and “eligible” inventory was at 28-month highs, but an article at Jesse’s Café Américain explained why “registered” is the more significant allocation, and noted that “The central banks may stand ready to lease increasing amounts of gold for sale into the markets if the price rises too fast … but they are fresh out of silver, and have been so for some time.”

Related Links:

MarketWatch:  Gold ends 0.7% lower as demand is seen lacking; silver off 0.6%

GoldMoneyMixed messages from silver sector

SilverSeek/321Gold:  Eric Sprott interview: Silver, gold, mining stocks and more; Sprott fund’s premium will signal silver bottom

Jesse’s Café Américain:  CFTC’s Bart Chilton discusses position limits

Silver For the People/CNN Money:  CFTC & SEC  bow to Wall Street on derivatives

SafeHaven/SGT Report:  Gold and silver manipulation and how they do it; Manipulation against the primary trend is destined to fail

Globe & Mail:  World Gold Council:  Gold is still a hedge

Pragmatic Capitalism:  Stock market:  10 more years of low returns

Wall St. Cheat Sheet:  Are taxi drivers buying gold or Apple?  Gold and silver now accepted as currency in Utah

Peter Grandich:  Dennis Gartman – Love him or hate him?

Reuters/Bloomberg:  “Not if, but when” for Spanish bailout, experts believe; Italy follows Spain in delaying deficit goal amid slump

KWN:  Egon Von Greyerz – Bank failures, disorder, massive panic & gold; Nigel Farage: There are going to be serious banking collapses

Zero Hedge:  Bob Janjuah dismisses central bank independence amid monetary anarchy; Art Cashin on the clandestine war among central banks

Rep. Ron Paul:  Penny unwise, dollar insane

Dylan Ratigan:  The Federal Reserve’s revolving door

One Response to “Registered Silver Inventory Near ‘Historic Lows’”

  1. john Butterworth Says:

    ARE WE RUNNING OUT OF SILVER? Great Presentation from Silver Guru David Morgan