http://i1178.photobucket.com/albums/x366/SRSrocco/COMEXSILVERWAREHOUSE41012-1.pngFrom SD Contributor SRSrocco:

MORE OF THE SAME GARBAGE FROM MSM….

Well, it looks like more of the same ORTHODOX ANALYSIS from MSM.  Even though Comex Silver Stocks might be rising, its the CUSTOMER, not the DEALER that is rising.  Just as Doc put in his blog yesterday, there was a big 1.5 million oz transfer from Dealer to Customer.  Dealer inventory is now only 29 million.

Silver prices could fall short term as physical market consolidates

Mitsui and Co Precious Metals strategic analyst, David Jollie, says he can see a medium term outlook which is not that negative for silver but in the short term there has to be some concern prices might fall.

Author: Geoff Candy
Posted: Wednesday , 11 Apr 2012

After a fairly strong start to 2012, it seems much of exuberance with which silver started the year has dissipated.

For Mitsui and Co Precious Metals strategic analyst, David Jollie, there are a number of good reasons why investor sentiment has been tempered.

“We’ve seen some reduction in silver demand this year and there’s a whole range of reasons for that,” he told Mineweb.com’s Metals Weekly podcast.

“Quite widely we’ve heard people talking about the photovoltaic market but you could also look at other industrial markets, the plasma display panel market where silver is used as well, where demand is lower than it was last year. And you see that manifested in things like the Comex Silver Stocks rising in lower silver physical premiums in some markets than last year.”

But, it is not just the demand side that is struggling. Production of the metal from both primary silver miners and the gold and copper mines that produce the metal as a by-product has risen and, Jollie says, it is likely that the market will see quite a few million ounces of additional supply this year as well.

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Well, it looks like more of the same ORTHODOX ANALYSIS from MSM.  Even though Comex Silver Stocks might be rising, its the CUSTOMER, not the DEALER that is rising.  Just as Doc put in his blog yesterday, there was a big 1.5 million oz transfer from Dealer to Customer.  Dealer inventory is now only 29 million.

http://i1178.photobucket.com/albums/x366/SRSrocco/COMEXSILVERWAREHOUSE41012-1.png

By SRSrocco

  1. If what this guy says is correct, we can expect to pick up more phyzz at an even lower price. I’m truly looking forward to this (if it becomes reality).

    These analysts need to come up with something, looks like he did. He’s talking about the “Plasma market” etc.. I know silver is used there, but the fundamentals (devaluing currency problem) are stronger than ever.

    Therefore, KEEP STACKING! 

  2. TAKE A LOOK AT THE 2011 PART OF THE CHART

    If we look at the area in 2011, you will see a nice decline from about 41 million down to only 26.6 million in Aug.  This took place when silver hit $49 at the end of April.  When the CARTEL crushed the price, there was a scramble to take delivery. 

    After it bottomed in Aug of 2011, the Registered Catagory (or Dealers) started to add more inventory until it peaked in Jan 2012 at about 37 million ounces.  In just the past 3 months the Registered Inventory of silver has fallen from 37 million to only 29.3 million… or a loss of 7.5-7.7 million ounces.

    I believe Ted Butler is correct.  There was a reason why BLYTHE MASTERS was brought out on CNBC.  Something fishy this way blows on the COMEX REGISTERED INVENTORIES.

  3. These silver manipulators are so desperate right now to keep the price from exploding they have to pull Blyth and this douche out to keep people thinking that silver is a bad investment and its going lower. That tells me that people behind the scenes are panicking and are trying to keep the masses away.  

  4. POPPA T… I think the FISHY BUSINESS is the naked short position.  Let’s take a look at the figures  (based on last friday COT REPORT):

    COMMERCIAL SHORTS = 71,230 contracts

    NON-COMMERCIAL LONGS = 29,242 contracts

    For those who do not know…. commercials are the bullion banks and non-commercials are the large speculators.  The commercials store their bullion in the REGISTETED CATAGORY and the non-commercials store theirs as ELIGIBLE CATAGORY.

    The Registered also means Dealer, and the Eligible also means Customer.  If we take the math a step further:

    Commercial Shorts 71,230 X 5,000 oz = 356.1 million oz

    Non-Commercial Longs = 29,242 X 5,000 oz = 147.1 million

    Currently this the present COMEX INVENTORIES:

    REGISTERED = 29.3 million oz  (or 8.2% coverage compared to outstanding contracts)

    ELIGIBLE = 110.3 million oz  (or 75% coverage compared to outstanding contracts)

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    This is just a simple comparison.  We must realize that no off these Comex Inventories belong to the SPEC LONGS.  At least we see why BLYTHE has to play nice on CNBC.

     

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