Go to link to read whole article, it has graphs.
portion from article:
I’m not real big on suspense, so I’ll tell you upfront, I think so. Once again, we may be about to find out what happens when regulators are asleep at the switch.
As of this writing there are 364 million shares of SLV outstanding. In the past five trading days (April 25 – 29) more than 755 million shares have been traded, and get this, more than 10 million ounces of silver were taken from the trust between the 26th and the 28th, taking available shares with them. From Stockhouse.com :
Note: Stockhouse.com is the only free website that I know of that accurately tracks the number of ETF shares outstanding and changes (wish I could say the same of my broker). Enter the ETF ticker with the suffix “.SO”
At what point does trading volume relative to existing shares become unbelievable?
Information on institutional holdings of ETF shares is also hard to find. but according to nasdaq.com, 86 million shares of SLV are held by institutions, but that does not include any holdings reported since April 1, 2011. And speaking of missing data, does anybody know where China Investment Corp’s 13F‘s are? The sovereign wealth giant filed its initial holdings with the SEC on February 5, 2010, but no additional data has been released. The SEC requires the form to be filed within 45 days of the quarter’s end.
The point is that the SLV has become one of the most heavily traded instruments on our exchanges and there is an all too finite number of shares. There’s at least some evidence that the SECs institutional holdings data is outdated and/or incomplete. What happens when all the shares are spoken for? If it hasn’t happened already (I suspect it has), it should soon…..
Ha! Regulators aren't "asleep at the switch"...they are CONTROLLING the switch! The Crimex has installed it's own Sheepdogs at the SEC and the CFTC to herd the sheeple exactly where they want them. Their motto is "Heads, we win; Tails, you lose." The magician behind the curtain is the Central Banker. The magician behind the magician is the Bank of International Settlements (BIS). The only way to stop the criminal behavior is to take away their fiat wand. All you have to do to put them out of business is to use REAL money (gold / silver) that can't be conjured up out of thin air. They are desperate to install a new, global fiat currency to replace the one that is collapsing now. They cannot do this without our permission. We do not have to resort to violence. All we have to do is start using REAL money - gold and silver. The rest will take care of itself in due course.
ReplyDeleteThe only thing traded at SLV is paper. They have no real silver.
ReplyDeletehttp://seekingalpha.com/article/259549-will-jpmorgan-now-make-and-take-delivery-of-its-own-silver-shorts?source=yahoo
Buyer beware!
http://www.youtube.com/watch?v=_-dBQd16cvg