Kootenay Silver Inc. V.KTN

Alternate Symbol(s): KOOYF

Metals & Mining Silver

Kootenay Silver Inc. is a Canada-based exploration company engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico. It is focused on the expansion of its silver resources, new discoveries, and the near-term economic development of its priority silver projects located in mining districts in Sonora, state and Chihuahua, state, Mexico. Its projects include La Cigarra Silver Project, La Negra Silver Project, Promontorio Silver Resource, Columba Silver Project, and others. La Cigarra Silver Project covers over 18,000 hectares (ha) located within a mineral belt in the state of Chihuahua, approximately 26 kilometers (km) from the silver mining city of Parral. La Negra Silver Project is situated about seven km north of the Promontorio Silver Resource within the Promontorio Mineral Belt, in the state of Sonora, Mexico. Promontorio Silver Resource is situated on the Promontorio Mineral Belt Property that includes the La Negra silver discovery.

TSXV:KTN - Post by User

Kootenay Silver Inc.

Bullboard Posts

Post by basserdanon Mar 05, 2011 11:14am

411 Views

Post# 18237593

COMEX silver delivery situation update:

Excerpted from yezzer's GATA Bill Murphy's LeMetropole Cafe precious metal's market letter

"Bill,
This is the second consecutive day of ZERO silver delivery notices! Preliminary report shows 1,876 MAR contracts open. There are only 303 notices issued so far. What is very obvious is that the OI is declining WITHOUT delivery notices being issued. This looks like huge cash settlements being offered behind the scenes.

I think that the cartel has exhausted all available silver (that doesn’t mean there is no above ground silver; it just means it is NOT available at these prices).
Cheers
Adrian

Some nice silver chart. If history is any lesson, silver ought to go into an acceleration phase very shortly…

Daily silver
https://futures.tradingcharts.com/chart/SV_/

Weekly silver
https://futures.tradingcharts.com/chart/SV_/W?anticache=1299266254

The COT reports are somewhat fascinating…

Silver

*The large specs decreased their longs by 1,187 contracts and increased their shorts by 134.

*The commercials decreased their longs by 259 contracts and decreased their shorts by 1,592.

*The small specs decreased their longs by 1,923 contracts and decreased their shorts by 1,911.

For the second week in a row the price of silver has taken off (last at $35.59) following the release of this report at 3:30 EST. My take on this is that traders are taking notice JP Morgan Chase (the major commercial) is not significantly reducing their massive short position, even as it continues to go more offside against them … meaning that activity (shortcovering) is still in front of us market-wise. The investment sharks smell blood.

Gold…

is a different story as the specs move back in on the long side and The Gold Cartel digs in its heals on the short side.

*The large specs increased their longs by 10,787 contracts and reduced their shorts by 6,042.

*The commercials reduced their longs by 2,121 contracts and increased their shorts by a hefty 16,669 contracts.

*The small specs increased their longs by 767 contracts and reduced their shorts by 1,194 contracts."

https://www.lemetropolecafe.com/james_joyce_table.cfm?pid=9085
(subscription required although a painless 2 week free trial sub is available upon request...)