massive silver withdrawls from comex

Harvey Organ reports today significant and unusual sliver withdrawals from COMEX registered customer vaults to the tune of 2.8 million ounces. Think about it, the ‘missing funds’ from MF global total now over a billion dollars or the equivalent of almost half of the value of customer silver on storage at COMEX. If their paper has been stolen, this withdrawal could well be the start of customers wondering about the security of their physical also;

Withdrawal by the customer totals 2,759,596 oz.

Maybe many holders of silver are just not happy with the way the CME treated customers with respect to MFGlobal and they are voting with their feet:  i.e. they are getting out of Dodge with the physical.

We had no adjustments.  Thus the registered or dealer silver remains at 32.53 million oz.  The total of all silver lowers to 105.86 million oz.

Two years ago bankster cronies threatened that COMEX market share would be lost if position limits were imposed. I predict COMEX market share WILL be lost, but only because of its corruption, being run to benefit only the likes of JP Morgan. The physical market will eventually decouple from the paper one completely.