I just took a look at the comex warehouse data:
Registered oz GREW by 2.255.878 oz over the weekend. Physical supply went UP. This is not a good sign because some big names sold their holdings that were "stored at the comex" = eligible. So be careful if you have speculative postions in silver.
TOTAL REGISTERED 30.481.689 + 2.255.878 => 32.737.567
TOTAL ELIGIBLE 75.212.781 - 2.255.878
http://www.cmegroup.com/trading/ener...ver_stocks.xls
Also have in mind that options expire on August 25th. This usually means manipulative price action.
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