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Massive COMEX Silver Withdrawal on Friday

There was a massive silver withdrawal out of the Comex on Friday. Over the past week, there has been a steady increase in the total amount of silver in the Comex warehouses.
However, in one huge withdrawal, 3.6 MILLION OUNCES, a whopping 17% of Brinks total REGISTERED silver inventory was removed on Friday. I have not seen such a large withdrawal from the registered category for quite some time.
Furthermore, this single withdrawal from the Brinks registered category was nearly 10% of all the total registered silver in the Comex warehouses.
Brinks had a staggering 3.6 million ounce silver withdrawal (or 17% ) from its total REGISTERED INVENTORY on Friday. There was an additional 558,390 ounces withdrawn from HSBC.
There were two deposits on the same day. 456,057 ounces was deposited into the JP Morgan warehouse and 1,176,937 ounces went into the Scotia Mocatta vaults.


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I did it.

I'm makin' a bunch of bullets. There's vampires all around us, you know.

"Timid men prefer the calm of despotism to the tempestuous sea of liberty" TJ



"Timid men prefer the calm of despotism to the tempestuous sea of liberty" TJ

Uh that's only $120 million?

Uh that's only $120 million? A lot of NFL quarterbacks, and plenty of Hollywood stars are worth more than that! A Boeing 747 costs twice as much. Damn, I knew the silver market was small but that really strikes home just how tiny!!!!

Deja vu

June 1, 2011 Silver Doctors article about declines in Comex registered silver:
"Good luck making it through the July delivery month with a COMEX silver inventory below 30 million ounces ..."

(Apparently they somehow managed to make it through July.)

"The game's about up folks. Real silver is vanishing at an astonishing pace! Stack up while you can, looks like you won't be able to (at anywhere near current fiat prices) much longer!"

(Silver was at $38 when they issued this warning about not being able to stock up on silver at current prices much longer. Sixteen months later, it's at $33.50.)

Also, correct me if I'm wrong, but after this latest "massive" withdrawal (which I suspect is actually a clerical change, moving it from the "registered" column to the "eligible" column) isn't the total registered silver more than 25% higher than it was when they wrote that 2011 article?

could be just more smoke and

could be just more smoke and mirrors. When ever these guys do something public like this it is to manipulate the market in some way...

Sounds to me like they want to build anticipation for Monday for some reason or another.

End The Fat
70 pounds lost and counting! Get in shape for the revolution!

Get Prepared!

Same old, Same old

Buy what you can, make sure to buy though, hold & put away smartly

SteveMT's picture

At the same time, silver is down $.35 @ $33.15.

Explain that? The whiplash from this double whammie attempt could be huge, if the buyers start taking delivery and there is no silver left.


NY Globex accomplished in a matter of minutes right at the open

[Sunday evening, Manhattan, NY.

Printer-That-Be: [Pound gavel. Put down cigar.] All, right. All right. Listen up. NY Globex metal market opened an hour ago. Let me show you charts for Gold & Silver. What NY Globex accomplished in a matter of minutes right at the open bell, took you boyz the better part of all day Friday. Just look at the charts. Mind you, those boyz cost me a quarter... No, a fifth of what you cost. Need I say more?

Big Bank Gold & Silver Traders: [In unison] No, sir! ...

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Banksters aren't morons...

they sense the collapse of the US Dollar too...
the DP is not privy to this sense solely but we here recognize
the importance of this kind of investment,
and how we should follow suit...

the interests of the Banks doesn't always hurt us,
in fact they reveal much more when they are willing to get rid of so much paper for so much metal...

Father - Husband - Son - Spirit - Consciousness

I think it will be a while

I think it will be a while yet before the collapse happens. Dr. Paul is an expert on this stuff and he recently said he doesnt see it crashing until sometime after the beginning of 2013 because of what the power players are doing(FED etc). I trust that he knows what hes talking about.
That said, I could see things crashing next summer though.

To climb the mountain, you must believe you can.

things are going to get

things are going to get interesting.....