What have I missed?

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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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sinbob

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What have I missed?

posted on Jan 08, 2013 05:01PM

Okay, tell me where I am going wrong here. Ed Steer reports the numbers from the CME’s daily delivery reports…gold in and gold out etc. … also for GLD and SLV. Today, for instance: “There was a smallish withdrawal out of GLD yesterday...43,259 troy ounces...and no reported changes in SLV. However, very late last night, many hours after GLD had been updated, they did up date SLV...and that update showed that a very chunky 1,644,590 troy ounces were added…..” Why does Ed believe these ‘numbers’ are representative at all of any real deposits/withdrawals from these fraudulent ETFs? Same for the COMEX: “The Comex-approved depositories reported receiving only 8,846 troy ounces of silver on Friday...but shipped a chunky 1,022,991 ounce of the stuff out the door.”