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Strategies & Market Trends : Beat The Street With SI Traders

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From: Natedog1/14/2011 5:23:36 PM
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BullionVault.com Runs Out Of Silver In Germany
Jan. 14, 2011 (Phil's Stock World) --
Courtesy of Tyler Durden
With the US Mint selling silver at an unprecedented pace, it was only a matter of time before the silver shortage would be spotted across the Atlantic, where distributors ran out of both gold and silver on a daily basis during the first time Europe became insolvent some time in early May 2010. Sure enough, BullionVault.com has announced that it has run out of silver in Germany “due to high demand.” In the meantime, the CFTC’s actions have succeeded in allowing the JPM’s suppression of precious metals markets to continue indefinitely, yet all its actions have really done is to provide a short-lived lower cost basis for the precious metals as there is no indication demand is subsiding. At some point the margin calls will come. Then not even Gary Gensler will be able to bail out JPM (we wish we could say the same about Ben Bernanke to whom JPM’s role as head of the tri-party repo clearing market is irreplaceable in maintaining an orderly shadow liquidity market).

Translation:

Due to high demand our own silver stocks are exhausted right now.
As BullionVault is only dealing with physical bars which are already in our possession, we are currently unable to offer, silver on our own market. Of course, our market is still open to all our clients act with each other and set their own prices. This situation could lead to buyers and sellers at higher prices. Buyers are asked to check the price again before they confirm their order.
On Tuesday, 18 January 2011, we expect the next delivery for silver.
h/t Oldeurope

Source: Phil's Stock World (Jan 14, 2011 16:25:21 EST) News
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