The US Mint has just issued an alert to Primary Dealers across the US that Silver Eagle inventories, which according to the Mint began today at over 2 million ounces, are now SOLD OUT as of 12:30pm EST.
Click here for more on the US Mint selling out of Silver Eagles:
This year some 900,000 oz of silver on average have moved into or out from these six warehouses on a daily basis.
The daily average movement of silver into and out from the COMEX silver warehouses at 900,000 oz is equal to 28% of total world daily mine production.” -Ted Butler
Over 1 in every 4 ounces of silver that planet earth will bring out of the ground this year, will be shuffled through the vast halls of Comex warehouses. Over 1 in 4. The Comex system has gone from moving perhaps 1 million ounces of silver per week, to moving nearly 1 million ounces…per day! In fact, in just the last two business days, the Comex has moved over a whopping 4 million ounces of silver!
As prices continue their descent for both gold and silver, it’s more important than ever to keep a clear focus on the implications of this price action, not just for investors like us(which are obvious), but also for those trying to orchestrate it. It’s all a game of ounces in the end, for these banks, after all. They must bring enough physical metal to deliver on their exchanges, both to investors, and to the industrial users. There’s no “Plan B”.
Since both sources of demand won’t back off from their record level purchases, the bullion banks realize that they simply have to bring even more product to market. Their backs are against the wall here. The moment the metal is not delivered to some large customer in size, is the precise moment the end to this game will begin. That’s the Catch 22 of the situation though: the banks want lower silver prices, yet the lower the price goes, the more threatened their constant source of supply becomes.
The banksters are Trapped Like Rats
Click here for more on why the Silver Noose is Tightening on the Banksters:
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On the 13th anniversary of the 9/11 tragedy, Tod Fletcher of Consensus911.org joins us for a power packed show, discussing:
- Latest PM smash as gold trades down towards $1225 and silver breaks $18.50: did the metals FINALLY bottom overnight Thursday into Friday, or is a capitulation crash coming on the Sunday night Globex session?
- First signs of renewed silver shortage appear along with DOZENS of new FIRST TIME SILVER BUYERS contacting SDBullion to enter the market Thursday and into Friday- a sign the 3 year correction is ending?
- The smoking gun that 9/11 is a Conspiracy FACT
- Tod reveals his view on the MOTIVES behind the largest False Flag attack in US history- was it war, the security/surveillance state, gold theft/cover up, OR ALL3?
Click here for the 9/11 Anniversary Special Edition Metals & Markets with The Doc, Eric Dubin, & Consensus911′s Tod Fletcher on the Smoking Gun Evidence for “the New Pearl Harbor”
Time is running out for the banksters, not in spite of silver prices continuing to crater, but because of it!
There are just too many signs flashing from all directions, that the supply needed to run this massive con are not enough. There’s simply not enough silver available at sub-$20, to keep delivering to everyone in the world who wants it.
And who wants it? Everyone and their grandmother, that’s who!
This is particularly true in the realm of industrial usage, like the world’s newest crush: solar energy.
Click here for more on the Number 1 Reason the Silver Noose is Tightening on the Banksters:
We have well documented over the past few months the unprecedented flows of physical gold and silver being drained out of Western vaults and shipped East.
SD reader Chichura, an American currently residing in China, has provided a boots-on-the-ground first-hand account which substantiates our recent claims that spiking silver premiums on the Shanghai Gold Exchange indicate a shortage of the physical metal in China.
“3 months ago, when I inquired about buying some more bars, they said that I would have to wait a month.
So, yesterday, I stopped by the shop and was told again that I would have to wait a month.
The affordable investment grade bars are in shortage.”
Click here for Chichura’s first-hand account of the developing shortage of investment grade silver in China:
Failure to be able to see what’s coming in these perilous times will result in being left with nothing.
So, buy physical my friends, whoever you are, if you are seeking to protect yourselves against the economic collapse just around the corner.
I raised the buy flag last week.
I do not mean these are the lowest prices that will be seen, however, ANYTHING below $20 is a great bargain and the time is quickly coming when I will raise the buy flag to an alarm level because the collapse is about 1 year away.
“Stay thirsty my friends” AND start building your dry powder (physical precious metals) from your paper investments cause they ain’t going to be around much longer…Click here for more on the latest gold & silver COT- & why investors should stay thirsty for physical:
One of my contacts with one of the largest European precious metals brokers told me this morning that they could not find any silver. All the refiners they contacted could not take their orders and could not give any delay. “Call us next next month”, they said. This is the first time that such an event has occurred.
On Wednesday, he attempted to source a ton of silver (32,000 oz), from the three main Swiss refiners. Two of them refused to take the order entirely, and the third refiner stated delivery would take 2 weeks.
The refiners claimed they had been very busy during the last month trying to fulfill an “enormous” Chinese order.
Click here for more on the developing European wholesale shortage of silver: