Comex Silver Continues to Fall to Historic Lows

06-15-2011 • JessesCrossRoadsCafe.blogspot.com/

There were more large silver withdrawals from the Comex Deliverable Inventory with 773,018 ounces taken out of the Brinks depository. Additionally, there were withdrawals of 1,418,178 ounces of silver from the eligible (customer) inventory. Comex will have to add to their deliverable inventory from some other sources in a tight market. Typically that implies higher prices. Someone with credibility suggested to me yesterday that a panic liquidation in all assets is in the cards in the minds of the Wall Street banks and the monied class. When you cannot win the game, you kick over the card table and turn out the lights. Since they are sitting in large pools of cash, thanks to the Fed, this would allow the monied interests to buy good assets up on the cheap, to fill the holes in their balance sheet as they write off their remaining fraudulent assets. A reset for them, and a misery for the rest.