by the way....

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

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bujjai

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by the way....

posted on Sep 30, 2010 12:57AM

have any of you noticed that the GSR (gold silver ratio) has peeked BELOW 60 and now rests at 59.75?

THAT IS THE HUGE NEWS!!!!! The GSR has broken out...and is now on its way to 50!!!

Enjoy it here and now...We are on deck, and watching the clouds take a parting for the sun to shine through......I'm getting tanned.

Time to get the 911 Turbo...... Holding onto my ECU shares like a mutha...

I leave you with Organ's latest on the warehouse shenanigananing going on:

Now for silver and the fun begins:

If you will recall, the silver comex had 29 contracts left to be served by tonight. A total of only 19 notices were served

for a total of 95 contracts.(45000 oz)

The silver contract went off the board so I cannot tell how many open interest remains. I can assure you that 10 notices were not served upon the last

remaining longs.

The total number of notices sent out so far this month total 2519 or 12.595 million oz of silver.

We can only surmise that the remaining oz of silver got a premium not to take delivery and they bought December silver with the case. The total OI increased dramatically today

so it is a good bet that that is what happened.

On the change of inventory in silver, the customer received a total of 366,929 oz.

Two customers withdrew massive silver:

a) customer 1 138,803 oz

b) customer 2 401,385 oz

total number of oz withdrawn by the two customers total 540,188 oz

Thus the net withdrawal of silver from the comex vaults today was 540,188 minus 366,929 oz or 173,259 oz.

On top of all this, we got another adjustment of silver. This time the customer leased silver to the dealer to the tune of 606,924 oz.

Whenever you see this massive wholesale exchange of silver you can bet the farm that paper obligations are flying all over the place and that paper obligations are the SLV for

silver and GLD for gold.

The comex is going to experience some nuclear explosion shortly with all of this sheninanigans happening which is of course totally illegal.

end.

In other physical news, the ECB announced no gold sales.

The premiums to NAV basis yesterday for the Central Fund of Canada was 9.4% and PHYS was a low 2.5%. The central fund of Canada and the PHYS both use the