UnidoRecruitingNATIONAL

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Thursday, 26 July 2012

Silver off to the races

Posted on 23:02 by Unknown
As I predicted before, silver is having a breakout these days. And the evidence is piling up. One of the evidences of a bullish scenario is the silver stock at the CME. 

As you can see on chart 1, the silver stock at the CME is declining, ever since Eric Sprott did his PSLV offering of $US 200 million on the market on 12 July 2012. I predict that registered silver will start to decline soon (blue dots).

Once the silver price breaks the $US 30/ounce level, it's off to the races.

Chart 1: Silver stock at CME
Although the CME numbers amount only to 140 million troy ounces (Chart 1) (30 million ounces held by dealers at COMEX), while the silver supply from miners is around 760 million ounces a year, the decline in silver stock at the CME can be a small secondary indicator of declining supply (or increasing demand) in the silver market.
Email ThisBlogThis!Share to XShare to FacebookShare to Pinterest
Posted in CME, Eric, PSLV, silver, Sprott, stock | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Capacity Utilization for March: 78.6%
    Capacity Utilization in March was 78.6%  for the total industry, which is 0.1% lower than the previous month (Chart 1). I expected a bigger ...
  • Jim Rogers might sell the euro
    It's amazing how the euro has outperformed gold since Hollande became president of France (Chart 1-4). It signals that there is a higher...
  • Disconnect between selling price of physical silver and paper silver
    As the paper silver keeps falling (blue chart), some miners aren't willing to reduce their selling price (red chart) on their silver bul...
  • Silver Contango Vs. Silver Price?
    Just for fun I made the same contango chart for silver as I did for copper and had hoped something would come out of it. But surprisingly, t...
  • The Effect of Government on the Economy of a Country
    I believe government is an important institution to keep order in a society of a country. It should focus mainly on the country's defens...
  • France's 7.2 billion euro tax is a non-event
    France just raised taxes on the rich and is trying to get 7.2 billion euro in tax revenue in 2012 and 33 billion euro in 2013 . So what does...
  • Is it too late to buy Silver Lake Resources?
    Silver Lake Resources (SLR) is one of those Australian gold companies that has defied gravity in the gold mining industry. While the 2008 ec...
  • Correlation between Industrial Production Vs. CRB Metals Index
    Thanks to Bob Garino, who commented on this article , I found out about the correlation between Industrial Production (manufacturing) and th...
  • The Current Status on Precious Metals
    Let's do a quick analysis on precious metals here. First off, I said yesterday that China lost interest in gold during the past months i...
  • Copper goes into backwardation
    As gold went into backwardation, now also copper starts going into backwardation. We should see some upside in copper following this move in...

Categories

  • 10 (1)
  • 10 year treasuries (1)
  • 1987 (1)
  • 2012 (7)
  • 30 (1)
  • account (1)
  • acquisitions (1)
  • adjustable (1)
  • ADP (1)
  • Advantage (1)
  • aggregates (2)
  • AGQ (1)
  • agriculture (1)
  • Akamai Technologies (1)
  • alert (1)
  • Alex Jones (1)
  • Allan Meltzer (1)
  • Allana (1)
  • Allana Potash (1)
  • amber gold (1)
  • America (1)
  • and (2)
  • Angela (1)
  • APMEX (5)
  • applications (1)
  • April 2012 (1)
  • arbitrage (2)
  • Arthur (1)
  • asia (2)
  • Asian (1)
  • At. Augustine Gold (1)
  • Atlantic Economy Summit (1)
  • AUD (1)
  • Australian dollar (1)
  • automotive (2)
  • average (3)
  • Avino (1)
  • bac (2)
  • backing (1)
  • backwardation (6)
  • balance (8)
  • balance sheet (3)
  • Baltic (1)
  • Baltic Dry Index (1)
  • Bank (10)
  • Bank of America (1)
  • Bankrupt (1)
  • bankruptcy (2)
  • banks (3)
  • bar (1)
  • Barclays (1)
  • Bargain (1)
  • Barrick Gold (1)
  • base (1)
  • base money (1)
  • Bass (1)
  • BCS (1)
  • beleggerscompetitie (4)
  • Belgium (10)
  • Ben (3)
  • Ben Bernanke (4)
  • Bernanke (4)
  • Bernstein (1)
  • BHP (1)
  • bitcoin (8)
  • blog (1)
  • BNP (1)
  • bond (14)
  • bond yields (1)
  • bonds (33)
  • boom (1)
  • Brad Cooke (1)
  • Brazil (1)
  • brent (2)
  • Brink's (2)
  • brother (1)
  • BrotherJohnF (1)
  • bubble (2)
  • budget (2)
  • Budget Deficit (1)
  • Buffett (2)
  • building (2)
  • bullion (1)
  • bullish (1)
  • buyback (1)
  • buying (1)
  • c (1)
  • calculation (2)
  • Cambridge (1)
  • Canada (1)
  • Capacity (8)
  • Capacity Utilization (7)
  • Capesize (1)
  • capita (1)
  • Capstone Mining (1)
  • car crash (1)
  • Case-Shiller (1)
  • Casey (1)
  • Cash is Trash (1)
  • cattle (1)
  • ceiling (4)
  • celente (2)
  • cement (1)
  • central (2)
  • CFTC (3)
  • Chaudhary (1)
  • Chicago (2)
  • China (48)
  • China Construction Bank (1)
  • CHK (1)
  • chocolate (1)
  • Citigroup (2)
  • city (1)
  • claims (3)
  • CLF (1)
  • cliff (3)
  • CME (11)
  • cnbc (2)
  • CNT depository (1)
  • coal (2)
  • cocoa (1)
  • COFER (2)
  • coffee (1)
  • comedy (1)
  • COMEX (33)
  • commercial (1)
  • Commerzbank (1)
  • commodities (4)
  • commodity (1)
  • competition (1)
  • composition (1)
  • Conan (1)
  • Conference (2)
  • congress (1)
  • consumer (4)
  • consumption (2)
  • Contango (26)
  • contraction (1)
  • convention (1)
  • copper (34)
  • copper contango (1)
  • corn (2)
  • Corp (1)
  • correlation (54)
  • correlations (7)
  • cost (5)
  • costs (1)
  • COT (4)
  • cotton (1)
  • council (1)
  • country (2)
  • county (1)
  • cover (1)
  • CPI (5)
  • crash (2)
  • CRB (3)
  • credit (2)
  • Credit Agricole (1)
  • Croatia (1)
  • crude (3)
  • currency (3)
  • current (1)
  • curve (1)
  • Cut (1)
  • Cyprus (7)
  • Da (1)
  • daily (1)
  • Dan Norcini (1)
  • David (1)
  • David Morgan (2)
  • DB (1)
  • de-peg (1)
  • Debt (30)
  • debt ceiling (2)
  • debt limit (1)
  • December (1)
  • decoupling (7)
  • default (4)
  • deficit (7)
  • deflation (2)
  • delivery (1)
  • Demand (6)
  • Denmark (2)
  • Denninger (1)
  • deposit (8)
  • deposit facility (1)
  • deposits (3)
  • diamond (1)
  • Discouraged (1)
  • disposable (1)
  • dividend (1)
  • DJP (1)
  • DNC (1)
  • dollar (2)
  • domestic (1)
  • Doug (1)
  • Dow (7)
  • drop (1)
  • Dry (1)
  • durable (1)
  • dwcf (1)
  • earnings (4)
  • earnings per share (1)
  • ECB (6)
  • economy (1)
  • Ecuador (1)
  • elections (1)
  • electricity (2)
  • eligible (2)
  • Embry (1)
  • Employment (1)
  • Endeavour (1)
  • Endeavour Silver (2)
  • Engelhard (1)
  • eps (3)
  • equities (3)
  • equity (1)
  • equity markets (1)
  • Eric (6)
  • Eric Sprott (1)
  • estate (2)
  • estimate (1)
  • ETF (3)
  • Ethiopia (1)
  • Ethiopian Potash (1)
  • eur (1)
  • Eureka (1)
  • Euribor (2)
  • euro (8)
  • Europe (7)
  • European Union (1)
  • Eurozone (1)
  • exchange (1)
  • EXK (1)
  • expansion (1)
  • experiment (4)
  • exploration (1)
  • export (1)
  • exports (1)
  • Exposure (1)
  • external (1)
  • Faber (3)
  • family (1)
  • Faustian (1)
  • fed (2)
  • federal (10)
  • federal reserve (3)
  • Fertilizer (1)
  • Financial Services Committee (1)
  • First (3)
  • First Majestic Silver Corp. (1)
  • fiscal (3)
  • fiscal cliff (1)
  • fixed (1)
  • food stamps (1)
  • food stamps hire people (1)
  • foreigners (4)
  • forex (1)
  • Forum (1)
  • forward (1)
  • franc (1)
  • France (3)
  • Fraser (1)
  • French (1)
  • fund (1)
  • funds (3)
  • gas (1)
  • Gazprom (1)
  • gdp (25)
  • George Soros (1)
  • Germany (3)
  • gld (3)
  • GNP (1)
  • GOFO (4)
  • Gold (130)
  • gold money index (1)
  • golden cross (1)
  • Goldman (1)
  • Goldman Sachs (2)
  • goldonomic (1)
  • goods (1)
  • got gold report (1)
  • government (2)
  • great (1)
  • Great Depression (2)
  • Greece (8)
  • Greg (1)
  • gross (1)
  • growth (1)
  • GS (1)
  • GSK (1)
  • Hampshire (1)
  • Hang Seng (1)
  • Happy New Year (1)
  • Hedge (1)
  • Hewlett Packard (1)
  • Hitler (1)
  • HMI (1)
  • holding (1)
  • holdings (4)
  • Hole (1)
  • Hollande (4)
  • home (1)
  • hong (7)
  • Hong Kong (11)
  • hour (4)
  • hourly (3)
  • Housing (8)
  • housing market index (1)
  • HSBC (1)
  • Hunter (1)
  • Hyperinflation (3)
  • IMF (1)
  • import (14)
  • imports (16)
  • income (1)
  • index (13)
  • India (1)
  • industrial (2)
  • industry (1)
  • inflatiion (1)
  • inflation (11)
  • iniflation (1)
  • initial (3)
  • initial claims (1)
  • initiative (1)
  • Insider (1)
  • insider trading (1)
  • institute (1)
  • interconnectivity (1)
  • Interest (9)
  • interest payment (1)
  • Interest Rates (1)
  • inventory (1)
  • investment (2)
  • Investor (1)
  • Iran (4)
  • Ireland (1)
  • Iron (2)
  • Iron ore (2)
  • Irwin (1)
  • Israel (2)
  • Italy (4)
  • J.P. Morgan (7)
  • J.P. Morgan Chase (1)
  • Jackson (1)
  • James (5)
  • James Turk (2)
  • Japan (10)
  • jesse jackson (1)
  • Jim (1)
  • Jim Rogers (1)
  • Jim Sinclair (1)
  • JNJ (1)
  • job cuts (1)
  • jobless (2)
  • John (3)
  • John Davis (1)
  • Jones (2)
  • JP Morgan (1)
  • jpm (1)
  • July (1)
  • June (2)
  • junk (3)
  • Karl (1)
  • keiser (2)
  • king world news (1)
  • Kohler (1)
  • kong (7)
  • KWN (2)
  • Kyle (1)
  • Kyle Bass (1)
  • laptop (1)
  • large commercial (1)
  • Las (1)
  • LBMA (3)
  • LCNS (9)
  • Lease (8)
  • Lease rate (3)
  • lease rates (2)
  • Lecture (1)
  • lending (1)
  • leverage (1)
  • Liberty (1)
  • LIBOR (3)
  • Lloyds (1)
  • LME (3)
  • Loans (1)
  • london (2)
  • long (1)
  • LTRO (3)
  • lumber (1)
  • M0 (1)
  • M1 (1)
  • M2 (1)
  • M3 (2)
  • Majestic (3)
  • Maloney (1)
  • manager (1)
  • manipulation (1)
  • Marc (3)
  • Marc Faber (11)
  • March (1)
  • margin (1)
  • marginal (4)
  • market (5)
  • Mastercard (1)
  • maturity (2)
  • Mauldin (1)
  • max (2)
  • max keiser (3)
  • May (1)
  • MBS (5)
  • Melvin (1)
  • merger (1)
  • Merkel (1)
  • metal (1)
  • metals (7)
  • Metdist (1)
  • MF global (1)
  • Michael (2)
  • Middle East (1)
  • Mike (1)
  • Mike Maloney (2)
  • miners (2)
  • mines (1)
  • Mining (4)
  • minister (1)
  • Mint (1)
  • monetary (1)
  • money (4)
  • Moneyshow (1)
  • monitoring (1)
  • Monitoring of decoupling (1)
  • Morgan (1)
  • Morgan Stanley (1)
  • mortgage (6)
  • Moustache (1)
  • moving average (1)
  • MZM (3)
  • natural (1)
  • Natural gas (3)
  • Neeraj (1)
  • Negative (3)
  • net (4)
  • Netherlands (2)
  • New (1)
  • News (1)
  • nickel (1)
  • Noel (1)
  • Nomura (2)
  • non farm payroll (1)
  • non-farm payroll (1)
  • NOS (1)
  • Novartis (1)
  • O'Brien (1)
  • obesity (1)
  • Occupy (1)
  • Offering (1)
  • oil (9)
  • oil embargo (1)
  • Okun (1)
  • olivut resources (1)
  • OLV (1)
  • Onion (1)
  • open (3)
  • orders (1)
  • ore (1)
  • outflow (1)
  • outlay (4)
  • outlays (1)
  • overnight (1)
  • P/B (1)
  • P/E (2)
  • palladium (4)
  • Pan American Silver (1)
  • Panamax (1)
  • paper (1)
  • Paulson (1)
  • payment (1)
  • payroll (3)
  • pegging (1)
  • pending (1)
  • Pentagon (1)
  • Pento (2)
  • permit (2)
  • personal (1)
  • Peter (13)
  • Peter Schiff (13)
  • petition (1)
  • Pfizer (1)
  • pharmaceutical (1)
  • phys (1)
  • physical (2)
  • piano (1)
  • PIIGS (6)
  • platinum (7)
  • PMI (11)
  • Ponzi (1)
  • Poor's (2)
  • population (1)
  • Portugal (3)
  • positions (3)
  • Potash (1)
  • Potemkin (1)
  • PPLT (1)
  • precious (4)
  • premium (25)
  • president (1)
  • Price (16)
  • private (1)
  • product (1)
  • production (7)
  • profit (1)
  • PSLV (5)
  • public (3)
  • purchasing (1)
  • QE (1)
  • QE3 (6)
  • radio (1)
  • rally (2)
  • rate (27)
  • rates (2)
  • ratio (11)
  • RBS (1)
  • real (4)
  • Real estate (4)
  • receipt (1)
  • recession (1)
  • recycling (1)
  • red (1)
  • referendum (1)
  • regions (1)
  • registered (3)
  • registered gold (1)
  • repatriation (1)
  • report (4)
  • requirement (1)
  • reserve (12)
  • reserve currency (1)
  • reserve requirement (1)
  • reserves (3)
  • Resource (1)
  • revenue (2)
  • revision (1)
  • revisions (1)
  • Rhodium (1)
  • Rickards (1)
  • RJA (1)
  • RMB (1)
  • Road (1)
  • Roche (1)
  • Royal Canadian Mint (1)
  • run (1)
  • Russia (2)
  • Sachs (1)
  • sales (1)
  • SAU (1)
  • Saudi Arabia (1)
  • Savings (5)
  • scheme (1)
  • Schiff (13)
  • Scott Minerd (1)
  • scrap (3)
  • second quarter (1)
  • sector (1)
  • securities (1)
  • Seminar (1)
  • sentiment (2)
  • SGS (1)
  • Shanghai (15)
  • share (1)
  • sheet (7)
  • SHIBOR (1)
  • short (6)
  • short positions (1)
  • shortage (2)
  • shorting (1)
  • Show (1)
  • Silva (1)
  • silver (90)
  • Silver glitch (1)
  • Silver Lake Resources (1)
  • Singapore (1)
  • single (1)
  • Sipef (1)
  • slv (3)
  • Societe general (1)
  • Soros (1)
  • soybean (1)
  • soybeans (1)
  • Spain (4)
  • Spain unemployment (1)
  • SpainC (1)
  • Spanish (1)
  • SPDR (1)
  • spending (2)
  • Spiegel (1)
  • SPPP (2)
  • SPR (1)
  • spread (1)
  • Sprott (14)
  • stand (1)
  • standard (3)
  • Standard and Poor's (5)
  • starts (1)
  • stimulus (2)
  • stock (19)
  • stocks (2)
  • strategic petroleum reserve (1)
  • Street (1)
  • stress (1)
  • Student (1)
  • sugar (1)
  • supply (5)
  • Supramax (1)
  • surplus (1)
  • surprise (1)
  • Swaps (1)
  • Swiss (2)
  • Switzerland (4)
  • takeover (1)
  • target (1)
  • tax (8)
  • taxation (1)
  • taxes (1)
  • Tekoa (1)
  • test (1)
  • testify (1)
  • The Real Crash (1)
  • Theory (2)
  • TLT (1)
  • total (4)
  • trade (1)
  • trade deficit (1)
  • transport (1)
  • treasuries (18)
  • treasury (10)
  • treasury holdings (2)
  • trust (3)
  • turbo (1)
  • Turk (5)
  • U.S. (21)
  • U.S. debt (1)
  • U.S. dollar (1)
  • U.S. Mint (2)
  • U.S. treasuries (1)
  • U.S. treasury holdings (1)
  • U3 (1)
  • U6 (1)
  • unemployment (17)
  • Unemployment rate (1)
  • united states (1)
  • up (1)
  • US (7)
  • USA (1)
  • USD (8)
  • Utilization (8)
  • Valcambi (1)
  • valuation (1)
  • Vegas (1)
  • velocity (5)
  • Visa (1)
  • volatility (1)
  • wage (3)
  • wages (1)
  • Wall (1)
  • Wall Street Journal (1)
  • War (3)
  • warehouse (1)
  • Warren (2)
  • wedge (1)
  • Western Potash (1)
  • wheat (2)
  • worker (1)
  • world (1)
  • World Market Window (1)
  • wrap (1)
  • WTI (1)
  • Yahoo (1)
  • year (2)
  • yen (2)
  • Yeul (1)
  • yield (11)
  • yields (2)
  • yuan (1)
  • zero (6)
  • Zero Hour (2)
  • Zero Hour Debt (1)
  • zerohedge (2)
  • zinc (1)

Blog Archive

  • ►  2013 (243)
    • ►  August (7)
    • ►  July (14)
    • ►  June (34)
    • ►  May (23)
    • ►  April (53)
    • ►  March (36)
    • ►  February (33)
    • ►  January (43)
  • ▼  2012 (257)
    • ►  December (42)
    • ►  November (26)
    • ►  October (30)
    • ►  September (20)
    • ►  August (25)
    • ▼  July (32)
      • Is Greece Bankrupt Yet?
      • Insider Trading Update: Yahoo, J.P. Morgan Chase, ...
      • 'Free Irwin' Road Show
      • U.S. Second Quarter GDP Growth Slows Down
      • Silver off to the races
      • How low can negative yields on Swiss bonds go?
      • Gold Price at Record Highs in Euro
      • Spain is following Greece in its path to bankruptcy
      • Belgium Gets Negative Borrowing Cost
      • LIBOR scandal and the Significance of it on gold &...
      • Status on the CRB Index
      • Copper turns back to Backwardation
      • Capacity Utilization in June 2012 at 78.9%
      • Bankrupt Cities in the U.S.
      • How to calculate profit on government bonds? Case ...
      • Funny Peter Schiff Video about Student Loans
      • The Status on Silver
      • ECB Overnight Deposits Drop by more than Half
      • Eric Sprott Taking Silver Off The Market With Offe...
      • Composition of Fed Balance Sheet Indicates Low Int...
      • China May 2012 Gold Imports from Hong Kong Still i...
      • ECB Rate Cut and its Effect on Euribor
      • How Likely is QE3? 70% likely.
      • Angela Merkel With Hitler Moustache
      • Denmark: Negative Interest Rates
      • Allana Potash: Update
      • Copper Price VS. Contango Report
      • Silver Net Short Positions Hit Record Low Again
      • Baltic Dry Index Reacting to Iran Oil Embargo
      • France's 7.2 billion euro tax is a non-event
      • U.S. debt jumps by $US 75 billion overnight
      • Euro Selling Has Stopped
    • ►  June (30)
    • ►  May (29)
    • ►  April (23)
Powered by Blogger.

About Me

Unknown
View my complete profile