WJ- BiG Drop IN COMEX SILVER
You might find this of interest form Kaplan's site:
"Tuesday's COMEX gold estimated volume was a light 17,000 lots. Total COMEX gold open interest on Monday fell 1,080 to 151,106 contracts. COMEX silver open interest dropped 1,402 to 81,553 lots. COMEX gold warehouse stocks declined 14,069 to 811,666 ounces, while COMEX silver warehouse stocks plunged 1,254,117 to 76,916,402 ounces, modestly
above their lowest level since 1982. "
Some speculate if the levels approach 50 million oz then you might see
$7 - $8 silver. WRT Yamana, volumes are important. The Lejano and Ciclone West drill programs might be coming out when as the Gold and Silver markets take on a firmer tone. Translation, this could be an exciting year for the juniors. Watch ARP, if the story gets better, as I believe it will, the juniors will start to have an easier time telling their story.
All the best
Tony |
