Posted by Randall A Reinwasser on Monday, June 27, 2011,
Gold and Silver
COMEX is the futures and options exchange where the price of many commodities is set, including silver. As you can see in this chart, the level of COMEX silver inventories has been falling sharply for three straight years. Currently, there's about 98 million ounce of silver inventory. However, a good chunk of this inventory is not for sale. If this rapid fall in inventory continues, there is going to be a flat-out shortage of silver on the COMEX, at some point. When/if that happens, the ... Continue reading ...