Tuesday, January 18, 2011

January Silver sales hit 26 year high

As of today they stood at a whopping 4,588,000, or nearly 1.2 million ounces sold in a few short days.
sales

GoldCore Comments On Silver Shortages And A Possible Price "Tipping Point"
A recent report by analyst Adrian Douglas of GATA warns of forthcoming shortages of gold and silver bullion coins and bars, and that a “tipping point” will soon be reached that could lead to a COMEX default and a short squeeze which leads to much higher prices. Douglas himself has shown in Le Metropole CafĂ© how Comex silver inventories are shrinking and are not far from ten year lows.
Tipping point

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