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Katchum
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Albert Sung is the author of Correlation Economics, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at Ashland, a... More
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Correlation Economics
  • J.P. Morgan Vault Doubles Registered Silver Inventories 0 comments
    May 1, 2013 3:28 AM | about stocks: SLV

    Maybe it means nothing, but I think this is very significant. J.P. Morgan's vault just recorded a doubling in registered silver coming from eligible silver.

    You know what that means, allocation of silver, which means someone wants delivery. Open interest will start to come down with the decline in total silver stock.

    Be prepared for the reversal in silver price.

    (click to enlarge)

    Disclosure: I am long AGQ.

    Stocks: SLV
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