can this possibly be true

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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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can this possibly be true

posted on Feb 20, 2013 12:43AM

COMEX Sets All Time Volume Record for Silver, 2.5 Years Global Mine Production Trades in Single Day!

February 19, 2013 By The Doc 2 Comments

COMEX silver futures traded an all-time daily record of 376,301 contracts today, surpassing the previous record of 319,204 contracts set on April 26th, 2011. The volume traded in the front month of March alone was a record setting 354,295 contracts!

To put the number in perspective, 376,301 contracts represents 1.88 billion ounces of paper silver, or approximately 2.5 years of the entire global silver mine production!

The 1.88 billion ounces of paper silver traded Tuesday amounts to 902 days of global silver production!!

1.88 billion ounces of paper silver dumped on the market in one day, and all Blythe could induce was a mere .50 decline in the price of silver.

From the CME:

Month	Open	High	Low	Last	Change	Settle	Estimated Volume	Prior Day Open Interest
FEB 13	30.040	30.045	29.450A	-	-.426	29.413	8	74
MAR 13	29.810	30.150	29.175	-	-.427	29.422	354,295	50,588
APR 13	30.175	30.175	29.290	-	-.427	29.448	260	128
MAY 13	29.840	30.200	29.245	-	-.427	29.482	18,554	40,874
JLY 13	30.200	30.200	29.300	-	-.426	29.533	1,862	10,090
SEP 13	30.220	30.220	29.460	-	-.425	29.577	358	7,971
DEC 13	30.320	30.330	29.425	-	-.424	29.637	822	23,267
JAN 14	-	-	-	-	-.424	29.652	-	24
MAR 14	30.390	30.390	30.155	-	-.425	29.683	16	2,030
MAY 14	-	-	-	-	-.425	29.709	-	957
JLY 14	29.950	29.950	29.950	-	-.424	29.736	3	4,992
SEP 14	-	-	-	-	-.423	29.757	-	223
DEC 14	30.360	30.440	29.670	-	-.423	29.792	110	6,616
JLY 15	-	-	-	-	-.423	29.805	-	2,961
DEC 15	30.330	30.460	30.130A	-	-.424	29.806	4	2,607
JLY 16	-	-	-	-	-.424	29.804	-	286
DEC 16	-	-	-	-	-.424	29.803	-	643
JLY 17	-	-	-	-	-.424	29.770	-	839
DEC 17	30.440	30.440	30.000	-	-.424	29.700	9	34
Total							376,301	155,204