I track this bc it’s part of my “when do I sell more silver protocol”….

Another million ounces are not available from yesterday….total ounces moved from Registered to Eligible this month, 13.3 million.  So, people saying my silver is not for sale, but I’ll store it with Comex vaults…why, I have no idea.

Delivery Notices this month 9,520 contracts, that’s 47.6 million ounces, or 5% of mined silver in a year.  Wish I had tracked last year, but pretty sure last January delivery notices were not this high….follow the breadcrumbs…physical supply is dwindling…basic supply and demand.  Not enough supply, lots of demand, price goes up.

Yesterday’s trading madness, 1.8 billion paper ounces traded hands yesterday….2.25 years of mining output traded virtually in a single day.  The COMEX and LBMA are relics of a dying monetary regime, the don’t set the price, they stimulate it.  They don’t deal in physical, only price which is a smokescreen for those that operate on those exchanges.

Why did GS fire their head Precious Metals trader yesterday?  Poor Binet-Laisne, don’t worry with a name like that I’m sure he can get a sommelier job somewhere in the hob-snobbery of NYC…plus he has a hyphen in his name, so sure to attract liberal restaurant owners.  Do you get fired from Goldman Sachs, the giant squid, for making obscene amounts of money?  No, you get fired for losing it.  Any remember Nick Leeson…..only brought down Barings bank all by himself with his great trading and risk management skills…pretty sure there are a few banks in the same situation, but we’ll never know as the Fed will loan them billions to not let the cat out of the bag.