Wow. What a day. Silver pressing its limits again. This comes on the heel of Blythe's attempt push the market down earlier this afternoon. And what is FoxNews' headline this more..."Baby Joseph returns to Canada, watch live". That boys story is terrible but forgive me for thinking our National Security is a little above one persons health. Silver is marching right past $46.20 this morning, on its way to $47, $48, $49, catch my drift?
Yesterday the CME released the usual daily reports about silver inventory and it appear Scotia Mocatta decided to make about 5% of all the silver that is stored, "Eligible" for delivery. You will recognize that all "registered" silver in these reports are all the inventory at the COMEX. Of the 5.2 Million Ounces Scotia adjusted, it was 25% of their total Silver and 5% of the COMEX total silver. So what does this mean? I'll tell you later but in the meantime go see these guys. Trading time.....
