COMEX SILVER 40913Epic drainage of physical silver inventories continued Monday, as Brinks’, CNT, and Scotia all reported massive withdrawals of silver from their COMEX depositories.
The biggest withdrawal came in the CNT vault, where 1.138 million ounces (including 737k REGISTERED oz) were withdrawn- an astonishing 17.3% of CNT’s entire physical silver inventory vaporized overnight!

 

COMEX SILVER 40913

and……it’s gone!

 

2013 Silver Eagles As Low As $3.25 Over Spot at SDBullion!

  1. Drain it all you bastards!!! Let’s get this firecracker poppin…

    The silver shortage and rush to physical gold and silver is becoming an avalanche. Right now it seems only big money, market funds and Sovereigns are demanding physical but I believe in a short amount of time the public will be moving towards the physical exits. Especially when the next bail-in happens somewhere larger such as Italy, Spain, Slovenia, Portugal, Holland, etc. etc.
     
    The TBTF’s will keep pushing it down as much as they can but I believe in the end the physical will win this war because once people understand it’s going to be as hard to obtain physical metals as it currently is to get ammo they will understand the paper price is BS. Could you imagine if ammo was a trade-able vehicle but had paper shorts killing it while no one can get physical ammo.

    Cue the deer in the headlights on zerohedge in due time my friends.

    • All it takes is one of the big bullion banks to say no more ot paper and demand phyz. Break ranks and bring the system down.

    • @MaryB, Correct, remember its not panicking if you are the first one in line of a run you’re prudent. If you in the middle or end of the line, well you have reason to panic.

  2. Hmmm  A pinch from Delaware and Scotia (Reputed to be a big manipulator)   Nearly 15% from CNT (who’s that) Days like these and CNT with start being called CAN’T.   JPM and HSBC?   Nada.  Is this relevant or did I miss something on a one-day basis. 
    Oriion Do you think a Euro FIAT crunch can force these bullion banks to give up their multiple MOZ of silver? 

  3. The persistent problem of savers pulling money from their 401(k) plan has grown worse since the financial crisis, heightening concerns about the effectiveness of these plans as a retirement tool.
    One in four American workers with a 401(k) or other defined contribution plan tap their retirement account for current expenses, a new study shows. This “leakage” reached $70 billion in 2010, equal to nearly a quarter of all contributions that year.
    (MORE: Young Workers with a 401(k) Finally Get Diversified)
    Looking only at workers’ contributions (excluding employer matching funds), individuals are spending 40% of the money they put away for retirement, reports online financial firm HelloWallet. Among other findings:

    Penalized 401(k) withdrawals increased from $36 billion to almost $60 billion from 2004 to 2010.
    Workers in their 40s are most likely to breach their savings for nonretirement needs.
    75% of those who cash-out their entire balance do so because of basic money-management problems.

    Read more: http://business.time.com/2013/01/23/cash-leaking-out-of-401k-plans-at-alarming-rate/#ixzz2Q1JUp1vP
    The reason why more and more people are possibly taking out their 401k plans. They know that it isn’t worth nothing. Until they roll their 401k into something, which is tangible (precious metals) has worth preservation. You have garbage!

  4. The first ever GAO (Government Accountability Office) audit of the US Federal Reserve was recently carried out due to the Ron Paul/Alan Grayson Amendment to the Dodd-Frank bill passed in 2010. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, while leading the charge for an audit in the Senate, watered down the original language of house bill (HR1207) so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and others, opposed the audit
     

    • “Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, while leading the charge for an audit in the Senate, watered down the original language of house bill (HR1207) so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and others, opposed the audit”
       
      Anyone who opposes an audit likely has something to hide that they do not want exposed to public scrutiny.  Those who help them keep their activities hidden are not doing America or her citizens any favors and are likely to be receiving huge remuneration for their “services”.

  5. Woah, There’s a Twist in the Tale!!! Banks worldwide are buying gold and silver at record levels. It’s interesting to find that a large scale association like CNT has withdrawn at a startling rate.

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