Comex silver inventory surges in 2018

Discussion in 'Silver' started by milled, Jul 21, 2019.

  1. milled

    milled Active Member

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  2. milled

    milled Active Member

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  3. Slimey

    Slimey Well-Known Member

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    9150 tonnes....pffft.....I have more buried in my backyard.
     
  4. willrocks

    willrocks Well-Known Member Silver Stacker

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    Production seems down a lot.

    Could be paper “silver”?
     
  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    When I started, I spent a lot of time doing research on supply silver and demand, the mines and countries producing silver. Now I don't bother, figures can be fake. On hindhight, the only thing we need to know is buy when it's cheap.
     
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  6. alor

    alor Well-Known Member Silver Stacker

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    its never easy, depends on the stocks available for sale as well
    hence buying in the forum requires sellers to be selling the stuff you wants, else get from the LCS that have stocks that you want, otherwise need to swap them with other stackers later on
     
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Buy them while you can, once silver gets onto the blockchain and the investment world realises what is happening, we’ll never see sub-$17 prices anymore in our life time. As JG said, silver is $$$
     
  8. alor

    alor Well-Known Member Silver Stacker

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    there is no need to rush, you just need to be 1 day early, but never late
     
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  9. Number 47

    Number 47 Well-Known Member

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    Or as the old saying goes ... snooze and you'll loose
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I’ve been doing some research and thinking about it, it seems that $80 silver is guaranteed for this bull run (which started in 1999). But if crypto backed silver play takes off, it can even go up to $150 and higher. Question is whether there will be another plunge before the real takeoff. Unlike the 1970s period which has no shortage of silver, this bull run will occur when primary silver mine reserves are depleting towards the late 2020s. :eek:
     
    Last edited: Jul 24, 2019
  11. Pirocco

    Pirocco Well-Known Member

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    That's a simple one, demand lower than supply, causing marketplace inventory increase.
    The very reason that silvers avg price was $15.7 in 2018.
    Comparison in nature:
    in autumn, plenty supply, little demand. A good squirrel stacks then.
    in winter, no supply, big demand. A good squirrel sells stack then.
    No rocket science, but SilverDoctors & Co like to suggest that low stockpiles indicate shortage and higher price will come. Nope, low stockpiles ALREADY indicate a high price, and vice versa, high stockpiles ALREADY indicate a low price.
     
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  12. Vw1972

    Vw1972 Member

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    We know that central banks are buying up huge amounts of gold the past yers. Maybe other regular banks or prof. inverstors (like JP Morgan) are buiyng physical metals too and storing it at COMEX. Maybe they are hedging themselves for the Next recession, wich statistically should be right on our doorstep.
     

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