SILVERBUGS (SILVER)

[Sheep]

Pro-Life have you seen this:

If you look at the comex website it looks like JP Morgan is buying a whole lot of silver. Just yesterday they bought 235k oz.
(http://www.cmegroup.com/delivery_reports/MetalsIssuesAndStopsReport.pdf)
That brings them up to 6.2 million oz for May (http://www.cmegroup.com/delivery_reports/MetalsIssuesAndStopsYTDReport.pdf) See page 14.

By the way in the pdf each contract represents 5000 oz. So the 809 contracts times 5000 oz is just over 4 million oz. Also in the report the I or Issued is a sell and the Stopped or S is where they took ownership of the silver.

(http://www.cmegroup.com/delivery_reports/MetalsIssuesAndStopsYTDReport.pdf)