Comparison is not right...! Especially when you notice it, the...

First 30 Last

Share
Profile

Follow
Jeanlucecuyer

314 Posts.

113

21/09/22

17:11

Post #: 63821094
Share

Originally posted by Greenflint: ↑

You are right that there is blood on the street for the gold sector. However let me show you the data on silver and you can form on own opinion on where silver is going. Then one can ask or debate if there is going to be any ripple effect on gold price.

Above is from this video,
i.e. 24th Aug, the registered silver in Comex is 52Moz. As of Monday, the recorded registered silver in Comex, as shown below, is 44Moz.

Within a span of almost 1 month, the registered silver had dropped 9Moz. Based on this drain rate, registered silver will last for another 5 months.

On the LBMA, silver has also been drained:

Out of the above 900Moz, there is about 320Moz of registered silver (the rest is with silver ETF). However the drain on the registered silver in LBMA will take about 20 months.

From the above you can decide where silver price is heading and also ask yourself if there is going to be a ripple effect on gold price or not.

Cheers.

Expand

Comparison is not right...!

Especially when you notice it, the market is no longer physical, but in the hands of ETFs and their
algorithms !

The only hope is that these price manipulators decide to roll their trillions into gold and that day there will be a big upside until the day they decide to take the profit and bet down...! We should see it with the price of silver in the coming months !

DCN Price at posting: 8.6¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

RNU

Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

ASX Market Open: US inflation hits 3%; local futures indicate fresh all-time-high | 12 July 2024

TLX

Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug

AUG

Augustus sees imperial share rise on high-grade Cu and gold results at Ti-Tree