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COMEX Registered Silver Owners Per Ounce Jump To Record Leverage

COMEX Registered silver inventories are the lowest they have been in more than 15 years.

by Steve St. Angelo, SRS Rocco:

Something very interesting took place in the COMEX Registered silver inventories last week. There were two very large transfers of silver from the Registered to the Eligible category. What makes these two large withdrawals so interesting is that the Registered silver inventories are now at a record low.

The first large transfer of silver was reported on June 1st, in which 2.5 million oz (Moz) were taken out of the CNT Depository and another 410,000 oz from HSBC. Nearly 3 Moz of silver were transferred out of the Registered inventories in one day:

COMEX-Silver-Inventories-060116

Then on June 3rd, another 3.5 Moz were transferred out of the Registered silver inventories on Brinks and put into the Eligible category:

COMEX-Silver-Inventories-060316

In just three days, the total Registered silver inventories at the COMEX fell from almost 30 Moz down to 23.1 Moz.  Thus, COMEX Registered silver inventories are the lowest they have been in more than 15 years.

The chart below, thanks to Nick Laird of Sharelynx.com, shows total Registered silver inventories on the top and owners per ounce on the bottom:

COMEX-Silver-Owners-Per-Oz-060616

This chart, going all the way to 2001, shows the last time total Registered silver inventories were at a low was in July 2011.  This was at the time silver hit a record high of $49.  As the price of silver bottomed in 2008 and surged to nearly $50 in 2011, the Registered silver inventories fell from almost 90 Moz down to 26 Moz.

What is interesting this time around is that the Registered silver inventories declined from a peak of 70 Moz in the beginning of 2015 to 23 Moz currently on very low silver prices.  Furthermore, the “Owners Per Ounce” of Registered silver is at a record 42.  Which means for each outstanding contract (195,000 contracts), there are 42 owners per each ounce of Registered silver.

Read More @ SRSroccoreport.com

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116 comments to COMEX Registered Silver Owners Per Ounce Jump To Record Leverage

    • mike

      Do you get paid to post nonsense or what?
      Steve is working with Skewed unsubstantiated numbers…Can you audit the comex, has it been audited ever? You don’t trust the Comex but believe the numbers they put out like the Holy Bible?? Weird. Besides how much of the silver trade does the comex represent?

      • Eric

        Answers:

        1) No. Do you?

        2) The Comex is just an exchange. They don’t hold any actual metal. Duh!

        3) Holy Bible? I have read, studied and decoded much of it. I don’t believe. I know. Are you saying the numbers at the CME are skewed more favorably somehow?

        4) COMEX is just a paper market.

        You can look all this stuff up too meathead. It just takes a little effort.

      • KRELL427

        And mike has his trust in a name created by an alphabet angency like a good little want to be a rebel sheep.Watch out for the sheers

        • Eric

          Here they come. Mike when he loses his blipcoins…

          • KRELL427

            Eric,that’s a classic but I still like the video you posted on types of Bitcoin owner’s the best.

          • Kakistocracy

            F8cking idiots with their BitCoin.

            Thank you for pointing out that BitCoin is crap.

            WTF?
            I keep shaking my head at the nonsense coming out everywhere recently.

            Gold (Aurm)
            Silver (Argentum)

            These PRECIOUS metals have NO CREDIT OBLIGATION.
            Do people realize what this means ?
            Nevermind the medically beneficial properties that BOTH metals have…

            NO Credit Counterparty risk.
            NO Credit Counterparty risk.
            NO Credit Counterparty risk.
            NO Credit Counterparty risk.
            NO Credit Counterparty risk.
            NO Credit Counterparty risk.
            NO Credit Counterparty risk.

            Understand what this means, and you will understand that Au/Ag is the only way forward.

            • mike

              Right but PMs, gold in particular is not by any means divisible. How do you easily break off sub sub graham to pay for something small like dinner?
              Also how would pay for world wide trade? COD? Would someone from China send you something COD in hopes you pay in gold, then hope that gold gets back to them?
              BTC will be the international form of settlement, there is no other alternative or better choice in which the infrastructure already exist.

              • Kakistocracy

                quote:
                BTC will be the international form of settlement, there is no other alternative or better choice in which the infrastructure already exist.
                :end quote

                If you actually believe that , then you are a f*cking idiot who thinks they understand finance and money in general.

                Let us first start with basics, which I think you are not familiar with:

                DO YOU KNOW WHAT CURRENCY IS ?
                Where does it come from ?
                Who issues it ?
                How exactly is it issued ?

                YOu know the answers to NONE of these questions.
                Once you understand that currency is created as a DEBT to a foreign European family, you will see the truth.

                The Longer you advocate BitCoin (the nonsense Satoshi Algorithm created by the Mossad/CIA/NSA and the ‘centralized server of all transactions’ created by the transaction fee) , the more you reveal your intentions.

                You appear to be a complete f*cking idiot (hence the BitCoin advocacy) or you are a paid SHILL for Mossad/CIA/NSA via BitCoin.

                Make no f*cking mistake, there are MANY DEEP STATE Rot-child agents now working in the world and in the AmeriKa and on this ‘interwebs’ as you know.

                Hasbara anyone ?

                • mike

                  It is already being used for international settlement.Why would a business wait up to 45 days for gubberment financial approvals when they can settle in a nano second without fees? I dont say its money, the free market says it is money. I would think your smart enough to know money is determined by the market not by you or me. Nothing has intrinsic value that is a concept only applicable to the human mind, just a notion. It is not a natural law that binds humans.. If PMs did have mythical intrinsic value they would be valued correct? How would you explain the 99% of human beings that do not value the PMS? If the world was using Tulips for money again don’t you think it would be advantageous to grow Tulips instead of rail against them?
                  Your views or mine towards BTC only matter to ourselves certainly not to the market…Cia Central server is hilarious by the way.

                • Eric

                  Schizophrenia involves a range of problems with thinking (cognitive), behavior or emotions. Signs and symptoms may vary, but they reflect an impaired ability to function. Symptoms may include:

                  Delusions. These are false beliefs that are not based in reality. For example, you’re being harmed or harassed; certain gestures or comments are directed at you; you have exceptional ability or fame; another person is in love with you; a major catastrophe is about to occur; or your body is not functioning properly. Delusions occur in as many as 4 out of 5 people with schizophrenia.
                  Hallucinations. These usually involve seeing or hearing things that don’t exist. Yet for the person with schizophrenia, they have the full force and impact of a normal experience. Hallucinations can be in any of the senses, but hearing voices is the most common hallucination.
                  Disorganized thinking (speech). Disorganized thinking is inferred from disorganized speech. Effective communication can be impaired, and answers to questions may be partially or completely unrelated. Rarely, speech may include putting together meaningless words that can’t be understood, sometimes known as word salad.
                  Extremely disorganized or abnormal motor behavior. This may show in a number of ways, ranging from childlike silliness to unpredictable agitation. Behavior is not focused on a goal, which makes it hard to perform tasks. Abnormal motor behavior can include resistance to instructions, inappropriate and bizarre posture, a complete lack of response, or useless and excessive movement.
                  Negative symptoms. This refers to reduced ability or lack of ability to function normally. For example, the person appears to lack emotion, such as not making eye contact, not changing facial expressions, speaking without inflection or monotone, or not adding hand or head movements that normally provide the emotional emphasis in speech. Also, the person may have a reduced ability to plan or carry out activities, such as decreased talking and neglect of personal hygiene, or have a loss of interest in everyday activities, social withdrawal or a lack of ability to experience pleasure.

                • fonestar

                  Mike, be happy these rejects are not on our team.

                  Bitcoin will outperform gold, silver and everything else 10 fold.

              • Eric

                http://www.apmex.com/product/83827/10x-1-10-oz-gold-combibar-valcambi-in-assay

                or exchange it.

                Or spend it and ask for change.

                Trade will be settled in reserves because Gold will be the only store of value to be trusted in a world awash in digital blips and paper.

                What was the last book you read mike?

              • Howard Roark

                Mike IS fonestar

              • aa

                Mike how did all those billions of people throughout virtually all of recorded history ever manage with gold and silver as money since as you say making change is impossible. Actually mike I think they used gold for larger purchases and silver for smaller ones and also for making change.

      • Howard Roark

        Mike IS fonestar..

  • DCA

    It seems each day or two another bullish piece of news comes out for PMs. It appears PMs may or may not move up but for the most part prices stay relatively constant with each headline. Ive found to not hold my breath each time news comes. I have resigned myself to accept this and believe the prices will not go up naturally until the whole system collapses. PMs might be the last thing to revalue.

    • Eric

      Mining shares are going up dramatically. Uranium shares were up a lot the last few days.

      Shares or Physical. One has risk. The other doesn’t. One has more potential than the other. But both will serve you well in the coming weeks and months and years.

      Silver is still up 18% YTD. Year isn’t over yet.

      • mike

        BTC is up 30% year to date..Weird. Looks like only the BTC is money, nothing else, apparently.

        • Eric

          And mining shares are up 200-300% YTD.

          But at least you can hold the physical metal in your hand and have absolutely no counter party risk between you and your money.

          Bitcoin isn’t money. It’s a bad joke. You’ll find out eventually.

          • ʍꀤ㉿Ҿ

            Good luck with your mining shares lol

            • Eric

              Thank you for telling me what I already know.

              “Shallow men believe in luck or in circumstance. Strong men believe in cause and effect.”
              ― Ralph Waldo Emerson

              • fonestar

                Once we have killed everyone who was against Bitcoin we are going to burn all of your books too.

                Every instance of gold:

                sed ‘s/gold/bitcoin/g’

                • Eric

                  cause: fonestar is a psychopathic schizo who can’t shoot straight.

                  effect: he will starve to death.

            • Eric

              mike,

              You do have over 10,000 ounces stacked and your own central bank by now don’t you? I know you’ve had plenty of time.

              • ʍꀤ㉿Ҿ

                10k oz of what Silver?..That wont do..You’ll need 10k oz of gold to buy one of my bitcoins after the collapse. I will need some chump change to barter with the local natives. The BTC will allow me to continue traveling the world in style 🙂

        • Howard Roark

          Mike IS fonestar

      • DCA

        Yes, wish I would of got some First Majestic and like stocks. My first and only stock Ill ever own was a winner long ago but I got in late. They came close to losing status on the stock exchange and I was worried they were going to declare bankruptcy. They hold the greatest proven deposit of Ag along with loads of Cu in North America. That was the reason I invested in them. Fortunately they were acquired by Hecla a couple weeks ago. Hecla’s Lucky Friday mine is getting deep and old so it was a great deal since its 50 miles from another deposit they hold in the area. I believe not until after the reset and severe shortage will they start tapping this deposit. I look at it like a 1930s Homestake Mine investment. Maybe Hecla will go back up from its current $4.00 to $40 a share in the future when things get better for the old established mine companies. Maybe the kids will benefit years from now after I’m mining worms? I’m all in on Physical otherwise. I do sleep at night being out of 401ks and such thou. Bitcoin might be for some but I’m more traditional. It seems to be too much like a fiat supported by electrons organized in series of 0s and 1s. Too many computer crashes for me too trust the hard drives.

        • Eric

          DCA – Lately I have been telling my Dad about the tremendous opportunities in some of these miners. But when it’s all said and done, I still think it’s best at his age to just get out and stay physical. Depending on where you are, there is a ton of opportunity out there.

          I have 18 positions in these companies. A few too many for sure but I will reshuffle some of the duds into others in the future too. Many of the ones that Sean has on as CEO’s. As I have said, I am 98% physical metal and 2% mining shares but plan on adding to mining shares more in the future. I can’t justify selling physical metal for mining shares, but I can justify adding to mining shares when I have the capital to do so.

          Why am I tell you all this? Because unless you’re 80 plus years old, there is nothing wrong with taking a little risk as long as you manage your risk. And if there was only one of these companies I could own it would be First Mining Finance. One of my top holdings. Keith Neumeyer’s newest venture. At its current price, it’s still super undervalued. Still have my First Majestic shares too. But I do think about selling them ONLY to invest more into First Mining Finance.

          It just depends on your situation and age. I never closed out all my brokerage accounts and can sleep very well at night risking ONLY 2-5% of my money. Once I got rid of the “retirement accounts” and secured my wealth in physical bullion, I slept like a baby every night. No 401k’s or IRA’s. No liquidity there. Even though you can always remove the original contributions to a Roth IRA, I still prefer the liquidity of a standard brokerage account. And just pay the taxes each year.

          I have also noticed that as things change, I need to adjust along the way. I am not so sure this is all going to completely collapse in the coming years as much as I was a few years ago. If it does, I have plenty of physical and will not lose much. At that point, I’ll have bigger things to worry about anyways. If it doesn’t, the potential to build a lot more wealth in mining shares will buy me a new truck and hopefully a lot more. I am more than comfortable with my physical holdings. Now it’s time to get serious about wealth building. 🙂

  • Kakistocracy

    WTF ?

    People on here are actually citing the Crimex (oops, I mean Comex) trade volume and position level data ?

    Why are Americans the most terminally stupid and destructively naive people I have ever meet ?
    That is not a question merely designed to insult, but it is an actual question.
    I mean this sincerely.

    Why are Americans so terminally stupid and destructively naive and willfully ignorant?

    I have asked myself this question literally THOUSANDS of times.
    Why?
    I have lived in America for many years (used to be the GREATEST F*CKING COUNTRY IN THE WORLD ! I LOVED IT ! ) , no longer now, in Canada which is only marginally better, for now that is (we still have the right to carry FIREARMS !).

    WHY?
    WHY are Americans so
    1. Willfully Ignorant
    2. Destructively Naive
    3. Psychological Children.

    WHY?

    Don’t blame the rape victim.
    I believe that good innocent wholesome especially white Christians (unfairly targetted) have been subjected to :

    a DECADES-long Psychological, Educational, Medical, Emotional, Financial and most importantly of all, a SPIRITUAL warfare campaign.
    Very similar to COMMON CORE and how it is designed to delibarately DUMB DOWN the good peoples of America.

    Americans are the victims of Crimes Against Humanity by their very own leaders.
    You get what you are. SPend your time mindlessly updating your Facebook profile, sending out tweets to fellow twits about twats and masturbating to each other’s Instagrams. High School Student level intellect.

    • mike

      Eric and the other parroting dolts take Comex data as SCRIPTURE..Other than that they hate the paper markets..Weird I know. Cant point a thing out without being attacked and trolled to death. Like they are not interested in finding out the truth just interested in protecting a strange narrative. Although good and answers some questions it still has a few gaping holes. If not filled by truth the entire story will sink.

      • KRELL427

        Mike I really couldn’t give a crap about comex numbers,but I do enjoy reading what Steve has to say.I also enjoy buying physical silver at these prices.Could be even happier if the price went down.Your the one who gets all bent out of shape when people comment on some of your ridiculous claims. Give it a rest,you are not being constructive at all.

      • Kakistocracy

        It is very sad indeed when people cannot see the pure unadulterated BULLSHIT that they are being fed, that is the Crimex (Comex) trade data.

        YET,
        YET,
        When they see FAVOURABLE data showing a potential, possible spike in pricing for the FUTURES (paper market) of Au/Ag they immediately get an erection.

        F8cking Pyschological Children.

        You want to know why America is going down the toilet?
        Ask the willfully ignorant, destructively naive psychological children that pass for an American these days, ask them.

        The level of Narcissism that you will be exposed to will contaminate your Spiritual Immune System to a level that will leave you vomiting and excreting yourself.

      • Howard Roark

        Mike IS fonestar

      • Howard Roark

        Mike IS fonestar…

  • Kakistocracy

    quote:
    mike
    June 7, 2016 at 6:02 pm

    It is already being used for international settlement.Why would a business wait up to 45 days for gubberment financial approvals when they can settle in a nano second without fees? I dont say its money, the free market says it is money. I would think your smart enough to know money is determined by the market not by you or me. Nothing has intrinsic value that is a concept only applicable to the human mind, just a notion. It is not a natural law that binds humans.. If PMs did have mythical intrinsic value they would be valued correct? How would you explain the 99% of human beings that do not value the PMS? If the world was using Tulips for money again don’t you think it would be advantageous to grow Tulips instead of rail against them?
    Your views or mine towards BTC only matter to ourselves certainly not to the market…Cia Central server is hilarious by the way.

    end quote:

    From reading your latest reply is it VERY CLEAR you have zero, zilich, nada, null, nothing, zippo knowledge of what INTRINSIC value actually means.

    I am very tired of arguing now, thus I will leave you with only one focus for tonight:

    DO SOME F*CKING RESEARCH on the MEDICALLY BENEFICIAL properties of SILVER (Argentum).

    Understand how medically beneficial SILVER is.

    Are you a father, mother ?
    I am a father.
    Do you have any children ?

    Why do I ask ?
    SILVER, that is why.

    Do you know what they put in NEWBORN INFANT eyes ?

    Silver.
    Do you know the reason why ?
    Of course not.

    Do you know why they put SILVER on burn patients ?
    Of course not.

    Do you know wjy they put SILVER in air cleaners ?
    Of course not.

    Do you know why they put SILVER in heart stents for heart-vavle bypass surgery ?
    Or course not.

    In short, like most AmeriKans (you may be a Hasbara Troll Shill, still indeterminate), you have NO F*CKING CLUE about what you are talking about.

    F*cking losers.
    Despicable actually.
    You have so much access to information, but you use it for debasement, dehumanization and degradation.

    America is finished thanks to Willfull Ignorance, Destructive Naivete, Psychological children and Insane levels of Narcissism (Facebook Instagram, Twitter), all brought to you by the

    friendly Satanic family of the Rothschilds.
    At some point, if a rape victim consciously decides to continue being raped, you must leave.

    There is no hope here.
    Confederation is the only solution.

    • mike

      Was not trying to argue just merely explaining what intrinsic value actually is and it is most certainly not your nonsensical diatribe. Intrinsic value is in your head, that’s it. If you insist on arguing then keep your argument to one paragraph or less. Think about what you want to say then say it instead of your brand of drawn out esoteric boring jibber…Easy peasy.

    • ctriceman

      Hey Kitkat – Your so stupid, it’s laughable. Thank you for making my day.

  • Kakistocracy

    You are a f*cking idiot. Why? Because of what you say.

    You said the following:

    Intrinsic value is in your head, that’s it.

    Are you a f*cking idiot ?
    I mean this seriously ?
    Can you not read ?
    Do you not understand basic science and decades of historically validated behaviour ?

    You are an idiot.
    You refuse to learn and most importantly you refuse to unlearn the lies.

    You are dead.
    How do I know this?
    Because you have still not done any research on this topic.
    Get out of your comfort zone, do some real ADULT level work.
    That means you must feel uncomfortable, uncertain, unsure.
    That is where real learning and unlearning begins.

    You idiots can’t do it.
    And you don’t even know why.
    If I were to tell you that the Zionists have done this to you, you would laugh and label me a racists.

    F*ck man, you people are TRULY LOST.
    What is coming for you, well you deserve it now.
    Good luck idiot zombie, you are going to need it.

    • mike

      There you go again….Remember keep it simple stupid.

      • Kakistocracy

        Zionist Shill
        ROT-child scum

        • mike

          Im no Zionist? I am just not going to blame the Jews for your problems. Your letting TPTB control you not me..I am trying to free you with the BTC..Individuals mine it, no gubberment control. There is a real limit in quantity unlike PMs. You can transact directly with people so no fee, middlemen, banks or gubberment control. Not to mention it is divisible to infinity, a trait that is not shared with gold. It is far more portable than PMs as well….Your the Shill trying to keep people away from freedom that is the BTC and into enslavement with the most manipulated asset on earth, PMs.

          • Eric

            He was referring to Britney. But that’s just like (((mike))). Jumping to conclusions.

            Gold is divisible down to grams and grains. (((mike))) couldn’t tell you the first thing about supply and demand for Gold and has done no research on the subject whatsoever.

            Gold can be placed in one’s pocket and does not require a smartphone or electricity or access to the internet…unlike blipcoin.

            manipulation cannot exist in a physical market. But it can exist in digital markets.

            • ʍꀤ㉿Ҿ

              Seriously Eric grams and grains>..How are you going to do that with that eagle in your pocket when you try to buy something for 2 grains..Gold in the real physical world is not divisible. Can you even see a Grain? How in the world do you know what the Worst of leaders was thinking? ..Unless that is another one of your alter egos?

            • Kakistocracy

              Maybe we are on the same page here.

              Dude, give it a f*cking rest, okay man ?
              Stop helping those who are raping you, okay man ?

              F*ck man, you Americans are so god dam f*cking naive that it beggers the imagination.
              I am very serious here.

              I can’t believe the crap that you idiots accept from so many FEDERAL agencies:

              EPA f*cking criminals
              CDC/FDA vaccines are poison
              $10 TRILLION lost at the Pentagon but almost 50 million on food stamps
              Bank Bailouts greater than $30 TRILLION !
              $23 TRILLION given to FED owners
              Do you idiots realize how much money this is ?
              No, of course not.

              What the f*ck are you people doing ?

              Wake the f*ck up man ?!

              F*cking idiots still support a ruinous, barbaric diabolical Military Industry Complex that lost over $10 TRILLION in missing funds.

              YOU ARE ALL F*CKING IDIOTS !
              KEEP WATCHING TeeVee
              KEEP UPDATING YOUR FACEBOOK PROFILE

              YOU ARE ALL F*CKING IDIOTS !
              Yes I used to be one, but I changed.
              What will it take for you all to change ?

              huh ?
              what ?
              death ?
              torture ?
              f*ck man

            • Howard Roark

              Mike IS fonestar

      • Howard Roark

        Mike IS fonestar

    • KRELL427

      ((((((Mike)))))= ((((Fonestar))))

  • mike

    ((((K尺モㄥㄥ427)))) WTF does ((()))) mean? And hate to break it to you I am not Fonestar. Even Fonestar and I have some differences. We do agree on the BTC and intrinsic value we differ on how the PMs are manipulated but we all agree they are manipulated.

  • No one living on this planet has ever met a completely sane individual.

    Gold is a sapling, silver is an acorn.

    • Kakistocracy

      Your comment is a truism.
      Your comment is self-evidently obvious.
      Why don’t you say what you really think ?

      You want to Proselytize don’t you ?

      Oops, I used a big word there.
      Kind of like demagogue or sophistry ?
      Hmmm, how about solipsism ?
      You are carefully saying less so as to direct others to your nonsense religous beliefs.

      BELIEF contains the word “LIE”
      remember that
      BELIEVING contains the word “LIE”
      remember that

      Belief is the ENEMY of Knowledge.
      A spiritually aware person, has NO BELIEFS whatsoever.
      HE KNOWS THE TRUTH.

  • Howard Roark

    Mike IS fonestar

  • matt

    you guys are trippers!

  • Mike Admin

    Divide(ed) and Conquer(ed).

    Well played everyone.

    Sad it takes a catastrophe to (somewhat) unite the citizens of this world.

    Godspeed.

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