ECON Comex Looks To Default December 2010 - Orders double or more than inventory standing

awakeaware

awakeaware

Inactive
I love Harvey Organ - I read his site every day. Today was the best day yet.

He has the Comex Open Interest orders information and it seems the Comex is up the river with out a paddle - Finally!

The day has finally come - they won't be able to hide it either.

http://harveyorgan.blogspot.com/

from his site today reproduced from Truth in Gold blog.

BUT, right now based on the o/i for gold and silver, the Comex is potentially insolvent.

Friday being the day before first notice, anyone with an account not funded to take delivery of a long position has to either sell or be liquidated by the end of last Friday's access session. I know this because I had a silver position liquidated a few years ago when I forgot what day it was lol. Any open long positions as of this morning are capable of taking delivery of gold and silver.

With that said, the open gold o/i as of this morning is 59,412 contracts. This translates into 5.9 million ounces. The Comex gold inventory shows only 2.6 million ounces of gold registered and approved for delivery. There is a total of 11.4mm ounces.

In silver, there are 17,208 open contracts. This translates into 86 million ounces. The Comex reports 48.5 million ounces available and approved for delivery, 107.2 million total ounces.

What does this mean, in the context of the cartel being unable to force liquidate a majority of the open gold/silver positions? Everyone reading this can use their imagination and I'm not willing to predict how this will unfold, but right now the Comex has a problem.

:popcorn1::lkick::chg:
 
awakeaware

awakeaware

Inactive
Thanks Vicki!!

I just joined yesterday, quite a few of my "virtual friends" are here and I finally got here myself after prodding!

Also, the 7th should be a liquidate your retirement accounts before the govt. takes them as other govts are now doing around the world. Put those into metals too.
 
Vicki

Vicki

Girls With Guns Member
I may have to ring up my charge card a wee bit...lol Seriously, I can't do that but dang, it's sooooo tempting!
 
Vicki

Vicki

Girls With Guns Member
Just think if everyone stopped buying all those Christmas gifts and bought their loved ones silver for Christmas... oooow weeeee...lol
 
awakeaware

awakeaware

Inactive
Wow - I wonder how many people they had order the silver at 100 oz min?
I hope they had a lot!

I wonder if they will release how many people they had, take them up on that offer.

Thanks for linking that!
 
denfoote

denfoote

Inactive
awakeaware said:
Thanks Vicki!!

I just joined yesterday, quite a few of my "virtual friends" are here and I finally got here myself after prodding!

Also, the 7th should be a liquidate your retirement accounts before the govt. takes them as other govts are now doing around the world. Put those into metals too.
Click to expand...

I knew 10 years ago that the government was going to steal our retirement. They had to, even with the Bush spending. ;)
 
awakeaware

awakeaware

Inactive
Vicki said:
Just think if everyone stopped buying all those Christmas gifts and bought their loved ones silver for Christmas... oooow weeeee...lol
Click to expand...

I know! I saw those videos of people fighting over junk - stuff that doesn't matter and won't get them through hard times that are possibly coming.

Whereas, you give a gift of silver to someone - that is a gift that will keep on giving and growing in value.
 
Hfcomms

Hfcomms

EN66iq
Excellent first or second post Awake!! Thanks for bringing it to our attention and a warm welcome to TB2K. I imagine the people at the comex as well as the CTFC are starting to sweat bullets right now....about time!! After the first default gold and silver are going to the moon just like a coiled spring.
 
awakeaware

awakeaware

Inactive
just got a birdy whispering in my ear...... told me, one order alone that is Standing for physical - not taking a premium can break the comex on it's own!

Yep...... We are going to need the popcorn - it will be quite a show coming up in the next few weeks!

:popcorn1::popcorn1::popcorn1::popcorn1:
 
G

gdpetti

Inactive
Let's see the usual BIS move this time... the coverup will only end when the old puppets have served their role as far as they could go and setup the necessary catastrophe that will allow the new puppets and their new show to step on in. I believe the puppet masters call this 'revolution'... regime change is another used in intel. 'As above, so below', don't you know.
 
S

shane

Has No Life - Lives on TB
Been following this on www.lemetropolecafe.com.

Most laughed and dismissed talk of bullion banks manipulating gold & silver, MSM still
won't acknowledge it, though those in the business are getting fully up-to-speed on it all.
The elephants have arrived, smell 'shorts' blood in the water, and will press their advantage.

Next revelation is...

GLD & SLV ETF's, where most investors of gold & silver are, are in for a big surprise, too.

ETF's don't have much physical either and what they do have is COMEX & NYMEX paper.
Reading their prospectus reveals they have absolved themselves of any liability, too, via
their custodian and unlimited unaccountable sub-custodian sham.

If you don't have & hold physical gold and silver, you don't have anything but paper.

If you're into gold/silver ETF's for protection against currency crisis, that's gonna prove
as stupid as buying food, guns & ammo ETF's instead of the real stuff and bringing it home.

Got God, Grub, Guns & Gold?
Panic Early, Beat the Rush!

- Shane
 
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