This is from Jim Sinclairs excellent website
jsmineset.com today:
Quote:
Jim Sinclair’s Commentary
Something smells like limburger cheese. How does one buy this much silver in so few days? Not on the Comex and not in the cash market!
Dear Jim,
Not too shabby a performance for the Silver ETF, ‘SLV’.
In one week’s time it has doubled its silver holdings going from an initial 21 million ounces when it opened for trading last Friday April 28th to its current holdings of 42 million ounces as of the close Friday.
To be able to purchase silver at the click of a mouse button apparently has proven to be quite attractive for many would-be owners of this precious metal.
The Hunt’s would be proud!
Your pal,
Dan
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