Yesterday 1.9 mill ozs of silver were withdrawn from the Comex, that's quite a chunk and now down to under 110mill ozs, the warehouse stocks are being gradually depleted and when they go sub-100mill oz we may start to see some panic on the part of the paper-pushers. These warehouse stock declines makes the expanding, concentrated short positions even more outrageous. I hope Ted is right about Gary Gensler but I'm sceptical given the power of the banking lobby and the wholesale failings of regulators which we continue to witness.

Rick Santelli blew a fuse on the sanctimonious Liesman just now on CNBC, it was great and Ron Paul got a lot of good air-time., hopefully it will get posted on youtube.

Season's greetings to all at AgoraECU.

Overdrive