Tuesday, April 28, 2015

Inventories / SIlver Correction 69%

Inventories and the Silver correction. (current inventories follow link below)

http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX+WAREHOUSES+REGISTERED+GOLD&etfcode=COMEX+WAREHOUSES+REGISTERED&etfcodecom=GOLD

Here is a look at the chart with the CoMEX inventories they appear to be a very low levels


However JP Morgan Chase has Increased their inventories since May 2011. Much much more in the last few weeks.
JP Morgan Silver

*note during this time a clear smash in the price took place onMay 1st


We are in a very very long correction I am prepared if prices in Silver go to the unexpected $10 an Troy ounce however doe to complacency in the trend I understand the end of this correction is very near.

GNS+ Research


The lows are set about $14.90 - $15.50 so far. thats a 69% correction today from the peak of 49.50 april 2011. A 4 year trend.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.