Wednesday 17 October 2012

MASSIVE COMEX SILVER WITHDRAWAL ON FRIDAY- 3.6 MILLION OUNCES WITHDRAWN FROM BRINKS!

MASSIVE COMEX SILVER WITHDRAWAL ON FRIDAY- 3.6 MILLION OUNCES WITHDRAWN FROM BRINKS!

 There was a massive silver withdrawal out of the Comex on Friday.  Over the past week, there has been a steady increase in the total amount of silver in the Comex warehouses.

However, in one huge withdrawal, 3.6 MILLION OUNCES, a whopping 17% of Brinks total REGISTERED silver inventory was removed on Friday.  I have not seen such a large withdrawal from the registered category for quite some time.
Furthermore, this single withdrawal from the Brinks registered category was nearly 10% of all the total registered silver in the Comex warehouses.
NEW IMPORTANT UDPATE BELOW:  added at 9:53 pm SATURDAY

Brinks had a staggering 3.6 million ounce silver withdrawal (or 17% ) from its total REGISTERED INVENTORY on Friday.  There was an additional 558,390 ounces withdrawn from HSBC.
There were two deposits on the same day.  456,057 ounces was deposited into the JP Morgan warehouse and 1,176,937 ounces went into the Scotia Mocatta vaults.

 http://www.silverdoctors.com/massive-comex-silver-withdrawal-on-friday/

Thursday 4 October 2012

Who says silver is second best? Price streaks ahead 572% in the past decade - beating even gold as the top-performing commodity

Who says silver is second best? Price streaks ahead 572% in the past decade - beating even gold as the top-performing commodity


Silver has zoomed up in value by 572 per cent over the past decade - outstripping the performance of all other top commodities, including gold.
Gold, which saw a 428 per cent price jump, was the second-best performer in a league table compiled by Lloyds TSB Private Banking.
The top duo were followed by tin (414 per cent), copper (406 per cent) and lead (344 per cent).
But there is a sting in the tail, because commodity prices have suffered an overall decline of 13 per cent in the past year due to fears of a global economic slump - and precious and base metals have fared worst with falls of 19 per cent in both sectors.

Some 15 of the 20 commodities tracked by Lloyds TSB have at least doubled in value since 2002, according to Lloyds TSB.
Silver proved the winner over 10 years because it is seen as a safe haven investment and is in high demand for industrial uses, it explained.

Commodity values in general soared due to the relatively weak U.S. dollar - in which most are priced - and strong economic growth in emerging markets as they become more industrialised and middle class.
The 161 per cent rise in overall commodity prices over 10 years dwarfs the 35 per cent return investors got from UK shares during the same period.
However, the sharp correction in commodity values in the past year highlights the challenges faced by those who invest in this volatile asset class.
Just six out of the commodities monitored by Lloyds TSB have posted an increase in value over the past 12 months.
The best performer over one year was soya with a 24 per cent rise. It only ranks around the middle of the 10-year league table, but supply problems in the U.S. have recently pushed up prices.
Wheat, corn and crude oil have also seen prices rise over one year - but coffee has almost halved in value due to changes in trading conditions.