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Thread: Where has all the silver gone?

  1. Post #1

    #1
    Midas Member
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    Default Where has all the silver gone?

    Where has all the silver gone, long time passing?
    Where has all the silver gone, long time ago?
    Where has all the silver gone?
    Bankers have stolen it everyounce
    Oh, when will they ever learn?
    Oh, when will they ever learn?

    Where has all the new silver gone, long time passing?
    Where has all the new silver gone, long time ago?
    Where has all the new silver gone?
    Gone for electronics every ounce.
    Oh, when will they ever learn?
    Oh, when will they ever learn?

    Where has all the silver gone, long time passing?
    Where has all the silver gone, long time ago?
    Where has all the silver gone?
    Gone to dumpsites every ounce.
    Oh, when will they ever learn?
    Oh, when will they ever learn?

  2. Post #2

    #2
    Gold Member+ platinumdude's Avatar
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    Default Re: Where has all the silver gone?

    Don't be digging in my backyard looking for it.

  3. Post #3

    #3
    Deep Sixed
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    Default Re: Where has all the silver gone?

    It's in the lake!!!

  4. Post #4

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    Duppy Conqueror newmisty's Avatar
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    Default Re: Where has all the silver gone?

    I heard it was.....on the moon.
    Truthfulness - Benevolence - Forbearance

  5. Post #5

    #5
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    Default Re: Where has all the silver gone?

    Quote Originally Posted by southfork View Post
    Where has all the silver gone, long time passing?
    Where has all the silver gone, long time ago?
    Where has all the silver gone?
    Bankers have stolen it everyounce
    Oh, when will they ever learn?
    Oh, when will they ever learn?

    Where has all the new silver gone, long time passing?
    Where has all the new silver gone, long time ago?
    Where has all the new silver gone?
    Gone for electronics every ounce.
    Oh, when will they ever learn?
    Oh, when will they ever learn?

    Where has all the silver gone, long time passing?
    Where has all the silver gone, long time ago?
    Where has all the silver gone?
    Gone to dumpsites every ounce.
    Oh, when will they ever learn?
    Oh, when will they ever learn?
    Southfork

    Don't you sore your throat with worries............... It is with JP Morgan and he has promised he will return it after playing with it.



    In the COMEX futures exchange, the “Commercials” category of traders, made up of large banks, has traditionally held significantly large “short” positions – which means that the banks are either hedging an existing silver position or betting that silver will depreciate. The recent COMEX disclosures have revealed a staggering drop in the “Commercials” outstanding short positions, however – representing a decrease from 259 million ounces in February 2013 to 20 million ounces as of the last Commitment of Traders (“COT”) report released June 25th.1 This represents a significant change in the positioning of the silver futures market, and also suggests that previously ‘short’ participants have exited the “short silver” trade altogether. This drop actually represents the cumulative purchase of approximately 240 million ounces of ‘long’ silver contracts to cover the previously mentioned short positions, so despite silver’s price decline, the silver futures market has actually seen an abundance of buying.

    Unfortunately, the COT and Bank Participation Reports don’t name the largest holders of futures contracts, but it has been alleged that one of the largest commercial ‘short’ contract holders is JP Morgan. JP Morgan has long been questioned by silver investors who suspect that the bank may be manipulating the price of silver for its own benefit. This speculation has also been fueled by the fact that JP Morgan acts as the physical custodian for the largest silver ETF, the iShares Silver Trust (SLV), which has just over $6 billion in underlying assets.

  6. Post #6

    #6
    Found a gold nugget Metal Miner
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    Default Re: Where has all the silver gone?

    IDK why but I heard a banjo playing when I read that...

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