Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Free
Message: Re: Silver COMEX Deliveries
7
vhf
Apr 08, 2009 07:29AM
3
Apr 08, 2009 06:28PM

Hopefully it is a clever trader having a one slice at the time strategy. If someone would demand a 10 Moz delivery in one shot, the Comex would change the rules with immediate effect to stop silver delivery, otherwise the Comex market would default, blow up and prices go to the moon.

Registered stands at 63Moz vs 66Moz at the beginning of 2009. Only a fraction of the registered is non-committed and truly available for delivery. Versus the earlier mentioned 15 billion ounces in OTC silver derivatives according to the BIS, the Comex total physical of 115 Moz represents a mere 0.7% of this. Lots of Hedge funds have the means to take out the silver Comex, as they are short on the miners they haven't done so yet, this may change.


Apr 09, 2009 12:24AM
Share
New Message
Please login to post a reply