You are here
Clint Siegner: Bullion banks sell even more silver, but do they have it?
By Clint Siegner
Money Metals Exchange, Eagle, Idaho
Monday, March 1, 2021
Anyone with a naked short in the silver futures market risks getting squeezed by physical buying. Demand for delivery of Comex silver bars is rising, even as the paper price of the metal fell more than 4.5% last week.
Again last week silver shorts sold contracts representing a whole lot more silver than they have available to deliver.
... Dispatch continues below ...
Prime Mining Named to
TSX Venture Exchange Venture 50
Company Announcement
Wednesday, February 24, 2021
VANCOUVER, British Columbia, Canada -- Prime Mining Corp. (TSX-V: PRYM, OTCQB: PRMNF, Frankfurt: A2PRDW) announces that it has been named to the 2021 TSX Venture 50, an annual ranking of top-performing listed companies from five industry sectors including mining, oil and gas, clean technology and life sciences, diversified industries, and technology.
The 2021 Venture 50 top performers were selected based on year-over-year performance across three equally weighted criteria: market capitalization growth, share price appreciation, and trading volume for the year ended December 31, 2020.
“We are extremely honored to be recognized and selected by the TSX Venture Exchange within the top 10 of mining companies,” said Daniel Kunz, CEO of Prime Mining.
"The past year has seen Prime Mining evolve on many fronts, including the advancement of our high-grade gold and silver deposit in Sinaloa, Mexico, and the addition of a strong, experienced management and technical team and strategic shareholders Trinity Partners and Pierre Lassonde." ...
... For the remainder of the announcement:
https://primeminingcorp.ca/news/company/prime-mining-named-to-tsx-ventur...
The disconnect between paper prices and physical demand is getting more ridiculous by the day.
It is also getting more dangerous for Comex market participants -- long and short. The Comex functions on confidence, which can vanish suddenly.
It will happen when long contract holders discover, en masse, the paper they bought cannot be redeemed for the actual metal as expected. Instead they get cash-settled or, in the event of an outright default, they get nothing at all from insolvent counterparties.
Garrett Goggin has been keeping an eye on Comex silver deliveries. He notes a huge difference between this year and last. Delivery demand is roughly 20 times what it was for this period last year. It is approximately four times the previous record for the period set in 2010. ...
... For the remainder of the analysis:
https://www.moneymetals.com/news/2021/03/01/do-bullion-banks-have-silver...
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
