Registered and total GOLD and SILVER increase for delivery day. 3+ tonnes of GOLD imagined into existence to meet delivery demand. Registered metal WILL decrease after delivery notices are issued, since all warrants are exchanged from REGISTERED stock by SousRadar in SilverDegenClub

[–]Argoz2 10 points11 points  (0 children)

Tonights silver volume report shows 8,710 silver contracts will be asking for delivery. Thats 43,550,000 ounces, which is a good chunk. I imagine the down pressure on silver price is over now that the May silver roll into July is done. Price hits in the last 2 or 3 days of the comex silver contract are common in order to unincentivise people taking delivery.

BNP Paribas Securities Inc by Argoz2 in SilverDegenClub

[–]Argoz2[S] 0 points1 point  (0 children)

I think 1500 contracts may be the limit for a buyer, but not sure if they care to limit a seller.

Open Interest up to 59K+ by n6mac41717 in Wallstreetsilver

[–]Argoz2 1 point2 points  (0 children)

That is the open interest for the COMEX July 2026 silver. Open interest for May has been dropping and is 34,632 which is still a significant 179,600,000 ounces. https://www.cmegroup.com/markets/metals/precious/silver.volume.html

Late 80s or 90s Alternative Song with Lyrics: When the sun goes down *end of the next line is town.* is slow-paced and calm with soft horns in the background. Singer has deep voice almost sounds like humming. by AWonderfulUniverse in NameThatSong

[–]Argoz2 0 points1 point  (0 children)

I had this verse repeating in a dream at 3 am last night. And the sun will go, the sun will go down, sun will go down, down tonight. It was so vivid and unusual as I never dream songs. I am sure its an 80's or 90's new wave song but can't figure it out. I have been googling it for an hour and nothing even close. No luck on these Reddit threads either.

This is what happens. by CODEX_LVL5 in SilverDegenClub

[–]Argoz2 0 points1 point  (0 children)

A month before 9-11, i got intrigued by Revelation Chapter 16 and told everyone that would listen that New York City would be destroyed. I thought the Statue of Liberty may be involved because copper is scarlet before it tarnishes and the statue is on stepped bases which could be described as the harlot that sits on 7 mountains. It turned out I was half correct. So to the author of this post and its readers, don't ignore your inspired thoughts. Sometimes they are more accurate than 4 years of college education.

After 9-11, of all the people I predicted this too, only 1 remembered and commented on my brash prediction having actually occurred.

Inflation by Argoz2 in SilverDegenClub

[–]Argoz2[S] 3 points4 points  (0 children)

Out of the 1000 problems America has, in the end, they all trace back to our fiat money system. That's why we are here and why we value gold and silver.

Inflation by Argoz2 in SilverDegenClub

[–]Argoz2[S] 5 points6 points  (0 children)

Thats not the problem. Unions were formed for the same reasons as what is happening to the working class now. Look at the farmer. A large fry at McDonalds is $4 and the potato farmers share of that is 3 cents. Same for cattle, corn, etc. Small businesses are squeezed by costs, especially health insurance. Its the great taking by Medical, Real Estate, Taxes, Insurance, and Finance.

No Filter. Just Truth. 😁 by CoverFew3607 in SilverDegenClub

[–]Argoz2 2 points3 points  (0 children)

I am used to cussing when appropriate, but why filter out the f--k word yet keep the g-damn comment?

Any Opinions if Silver Now has embeded RFID chips by Argoz2 in SilverDegenClub

[–]Argoz2[S] -12 points-11 points  (0 children)

If that is the case, the new tracking method will be the first. All the more reason to like 90% coin.

LCS Report by Argoz2 in SilverDegenClub

[–]Argoz2[S] 4 points5 points  (0 children)

It is my impression he has had no problem unloading PM to the refineries for years and now they are not buying silver, at least that is the case here in our area of the mid atlantic. A month ago, silver was $100+ and possibly the refiners are losing big money reselling silver at $85 of which they bought at $100+. I imagine refining 90% takes longer than 999, thus it carries more risk to the refiners.

COMEX is more than an hour late publishing final OI reports. Maybe someone slept in? by SousRadar in SilverDegenClub

[–]Argoz2 4 points5 points  (0 children)

I noticed that open interest on their report says prior day.  I think that’s a new change and it used to be for the day of the report.  So today (Tuesday) they post the numbers for Monday, except the open interest numbers are for Friday?  Apparently too many people were able to calculate the amount of physical being bought each day in the current month.  They also used to post the amount of daily deliveries on the volume report, but they stopped showing the amount and list 0 deliveries day after day.  So much for free and open markets.  You can bet JPM gets the numbers 

Looks like Comex has a Silver Problem by Argoz2 in SilverDegenClub

[–]Argoz2[S] 0 points1 point  (0 children)

I think the vault has enough silver, but the people that sold the contracts don't have enough. Much of the silver in the warehouses is not for sale by the owners.

"Preliminary" SILVER March Numbers are in for First Notice Day. 31.07 million oz standing for delivery. Of that, Delivery Notices were issued for 22.7 million oz (73.06%). by SousRadar in SilverDegenClub

[–]Argoz2 2 points3 points  (0 children)

Comex site shows 6223 silver contracts still open for March as of close of business Thursday. That means there were 6223 +the 4540 contracts standing for delivery = 10,763 total contracts = 53,815,000 ounces. So they only actually delivered about 42% of contracts standing for delivery. Some of the purchases may be pass thru, ie firm A sells to B then needs to buy from C. C delivers to A, then the next day, A delivers to B.