Wed, Jul 6, 2011 - 1:27pm
Silver: It’s All About Inventories
Written by Jeff Nielson
Tuesday, 05 July 2011 13:35
While I have long since given up the “hunt” for intelligent analysis from the mainstream media on the silver sector, I have also become somewhat frustrated with much of the commentary I’ve seen from the more reliable/better informed commentators within the silver sector. Two “camps” seem to have emerged, separated by what I can only describe as a logical disconnect.
On the one hand, we have a group of very vigilant and bullish commentators who are squarely focused on the melodrama of ‘evaporating’ inventories now taking place in the Comex exchange (and any/every other warehouse where significant amounts of silver can still be found). Theirreporting, while insightful, is almost surreal.
They are essentially engaged in a “countdown” until some “default” event occurs in the silver market, something these commentators look forward to with extreme anticipation, as to them this would signify “the end” of the silver-manipulation game the bullion-banks have been playing for the last 30 years (and actually much longer). Conversely, since such a default event directly implies the financial disintegration of the ‘monster’ silver-short, JP Morgan, I have much more “mixed feelings” about what such an event portends.
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Edited by: SilverTree on Nov 8, 2014 - 5:09am