Saturday, March 3, 2012

MUST READ: What Really Happened This Week in Gold and Silver

from Across the Street:

Hard to believe, but CNBC and the World’s chartologists missed a very important point: In the last three days JP Morgan’s house account has taken possession of 3 times more physical silver than it did in all of 2011 (626 contracts, or 3.1 million t oz.) bringing their 2012 total to 1,058. The last time the Morgue took delivery of this much silver was September, 2010 at around $20.55 (it’s almost like they knew QE2 was coming – more on that later).

On Tuesday, when silver shot up more than 4%, the CMEgroup initially issued blank trading reports, as in “!!!! NO DATA !!!!”, but eventually published this:

Read More @ acrossthestreetnet.wordpress.com

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