Latest / SILVER / GOLD / $UFD Meme Coin Investing & Global Economics / ALARMING Silver Outflows at COMEX: Where Is It Going? 🚨🏦 #shorts
Transcript
- 0:00The silver wig said. Thanks to Steve for this
- 0:03fantastic chart which perfectly illustrates the situation at the
- 0:08Comex. The amount of silver at the
- 0:10Comex. This image of silver outflows
- 0:14minus inflows is a spotlight of the darkness that began in
- 0:19earnest in the 1960s. OK, what this shows OK is net,
- 0:24net, so deposits less withdrawals.
- 0:27So it's the net amount of of, of, of total silver in the vault
- 0:32since October of last year about 200 days ago.
- 0:36So each one of these bars represents like the one is from
- 0:3910/2 to present and then the Latin the next one's the last
- 0:43144 days, next one's the last 188 days.
- 0:47Each of these segments down here, it might be a little hard
- 0:51for you to read, but those are all the different players that
- 0:54have like JP Morgan's on their HSBC is on there.
- 0:58So if let's say they put 10 million oz then but they
- 1:03withdrew 30 million oz, that would be a negative net number
- 1:07which is represented by everything below this.
- 1:11This is 0 right here. And as you can see over that
- 1:14time period, most like there were a few additions like that
- 1:18there that there, but most of the activity at the Comex and
- 1:22the Vaults was like this, OK or like this.
- 1:27And what's crazy interesting is if we go all the way over here,
- 1:31that's the total column right here.
- 1:34And as you can see over all those different time frames,
- 1:38there were massive amounts net withdrawals from the inventories
- 1:44at the COMEX. That tells us, right, where's
- 1:46that going, right? Likely that a lot of that silver
- 1:50is going to our friends in China.
- 1:52Likely a lot of that silver is going to our friends in India
- 1:57who are importing silver at a rate like like going out of
- 2:01style, because it's not going out of style, it's going out of
- 2:05inventory. It's in style.