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To: Wade who wrote (20311)7/2/2010 8:18:46 AM
From: Wade  Read Replies (1) | Respond to of 48092
 
news.coinupdate.com

Massive Drain Of COMEX Silver Inventories Continues
By Patrick A. Heller on July 1st, 2010

"On one day in June, there were 630,000 ounces of silver withdrawn from other COMEX depositories on the same day that 610,000 ounces were deposited at Scotia Bank. This seems more than coincidental. It looks suspiciously like an emergency transfer from another depository to help Scotia Bank avoid default on making delivery that day.

If this drain of COMEX silver inventories continues, it could literally be the spark that brings down the entire global financial system, Any indication that owners of “paper” silver may not be able to convert their paper into the physical product will only increase the demand to do just that."