Gene Arensberg: SLV exceeds its silver storage capacity


7:22p ET Monday, March 30, 2009

Dear Friend of GATA and Gold:

An abbreviated version of Gene Arensberg's "Got Gold Report," which now appears in full in Brien Lundin's Gold Newsletter (, has been posted at Stockhouse and discloses that the volume of silver claimed to be held by the exchange-traded fund SLV now exceeds the storage capacity available under the fund's custodial agreement with the London office of JPMorganChase. Of course some silver bugs (and free-market bugs) will consider this only the most technical of problems, since, while silver is a very bulky thing that can fill whole warehouses, a contract claiming to store silver can fit comfortably inside a file folder.

The abbreviated version of the "Got Gold Report" is headlined "SLV Exceeds Its Silver Storage Capacity" and can be found at Stockhouse here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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