After JPMorgan just experienced a STUNNING 45% loss of registered gold stock in a single day, the COMEX now holds a total of 163,334 oz (5 metric tons) of gold in its Registered inventories for ALL BANKS… LOL.
While the current shortage in the retail silver market continues to stress investors as they have to wait 6 to 8 weeks for certain products, it seems to be carrying over into the 1,000 oz wholesale silver market.
One of the leading indicators of the wholesale silver market is the COMEX Registered Silver Inventories:
The U.S. and Global Markets are now entering CONDITION RED
Steve St. Angelo from SRS Rocco Report is back to discuss the fear that’s running through the global financial system, the global run on silver, the coming market crash – and much much more.
Thanks for tuning in!
The retail silver shortages we have experienced in the market are WARNING SIGNS for the BIG EVENT to come.
If you are waiting for a signal that a global wholesale silver shortage has begun, it will likely be too late to acquire physical metal. Why? Because it has never happened before.
So, when the world bond and stock markets finally collapse under a mountain of paper, leverage and debt, we will witness one hell of a GLOBAL RUN ON SILVER.
In a stunning development, the world’s largest silver producing countries reported big declines in recent months. This was surprising because the top two producers, Mexico and Peru, stated positive growth in the first two months of the year.
However, silver production from these two countries reversed this trend by declining in April and May.