tag:blogger.com,1999:blog-7982981413278241287.post2046487402316454779..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: The Comex May Have A Problem...Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-7982981413278241287.post-64659974319827668852010-12-02T05:33:24.928-07:002010-12-02T05:33:24.928-07:00Does not matter world wide pressure will cause an ...Does not matter world wide pressure will cause an increase in silver prices even with the games played here in the states.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-4441088039334838972010-11-30T19:55:29.156-07:002010-11-30T19:55:29.156-07:00BUY Silver Bullion : http://silveristhenew.wordpre...BUY Silver Bullion : http://silveristhenew.wordpress.com/where-to-buy-silver-as-an-investment/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-20797120326092047142010-11-30T18:04:20.853-07:002010-11-30T18:04:20.853-07:00Look for exceptions to be made for those who have ...Look for exceptions to be made for those who have violated the law and can't deliver on their contracts. This is the world we live in. Both the media and the government actively support the corruption that exists, virtually ensuring the story will die in a whimper. Look for margin requirements to be raised dramatically in the days ahead to force liquidations of long positions in silver and gold. Also, accounts facing delivery obligations will be rolled over more easily to future months. Finally, a "cash determination" policy will be imposed on all long positions still in the game for physical product no longer available. Take it or leave it; either way, you have no say. And expect additional rule-breaking decisions as well, but not so much as a whisper about them in the news.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-26766275031140913792010-11-30T11:45:45.922-07:002010-11-30T11:45:45.922-07:00re: cash settlement on Comex
THAT is a de facto d...re: cash settlement on Comex<br /><br />THAT is a de facto default. In fact, the fact that the COmex intalled the ability to deliver SLV or GLD in lieu of the actual metal tells you the Comex has a problem.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-10318055773859167862010-11-30T09:04:41.192-07:002010-11-30T09:04:41.192-07:00I'm not sure what everyone means when they say...I'm not sure what everyone means when they say the "comex will default," but my understanding is that there's absolutely no guarantee one will get physical delivery when buying futures contracts. They have a "cash settlement" feature for a reason. The problem occurs when lots of contract holders stand for delivery but are forced to take cash because if they actually wanted physical they'll then have to scramble to find it on the open market which will at the very least drive physical premiums higher and will probably also result in the same players taking out more futures contracts to offset their future risk.flaunthttps://www.blogger.com/profile/16131258898695819788noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-90392365534051562792010-11-30T08:58:46.976-07:002010-11-30T08:58:46.976-07:00Wrong Andy... You're thinking in the past when...Wrong Andy... You're thinking in the past when an increasing dollar index meant gold and silver automatically went the other way. Things have changed. The euro is tanking which automatically means the dollar index goes up. But the difference is gold and silver are now going up along with the dollar index and are in fact outperforming it. That's because people want something that will increase in real value while all the pieces of paper collectively get flushed down the toilet.flaunthttps://www.blogger.com/profile/16131258898695819788noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-34931579854142771672010-11-30T07:22:45.658-07:002010-11-30T07:22:45.658-07:00Delivery notice report for Dec 1st 2010 is out and...Delivery notice report for Dec 1st 2010 is out and shockingly only 0.3% of required amount of silver will be delivered.<br /><br />And from this amount, over 60% will go to JP Morgan.<br /><br />For entire analysis go to <a href="http://agaupm.com/can-comex-deliver-silver-and-gold-in-dec-2010/" rel="nofollow">AgAuPM.com</a>AgAuPMhttp://agaupm.com/can-comex-deliver-silver-and-gold-in-dec-2010/noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-82296162004461673702010-11-30T07:16:17.826-07:002010-11-30T07:16:17.826-07:00Dave in Denver - The comex will not default. Ther...Dave in Denver - The comex will not default. There will be a cash settlement.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-73220445599831242942010-11-30T05:20:39.382-07:002010-11-30T05:20:39.382-07:00This is old news, its called naked shorting and it...This is old news, its called naked shorting and it is how our entire system runs. This will not drive up the cost of silver and gold. In fact the dollar is in an uptrend and gold and silver will pull back. I wouldn't buy at these levels but that's just me.Andynoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-36234151049169803452010-11-29T23:49:13.129-07:002010-11-29T23:49:13.129-07:00Here's the latest CME report: DEC OI has reduc...Here's the latest CME report: DEC OI has reduced to 5251 contracts. That's not exactly CRIMEX busting #. :-(<br /><br />http://www.cmegroup.com/daily_bulletin/Section62_Metals_Futures_Products_2010230.pdfAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-40910513876310488572010-11-29T21:48:18.926-07:002010-11-29T21:48:18.926-07:00re newbie: what this means is that right now if a...re newbie: what this means is that right now if all the open longs on the comex in gold and silver stand for delivery, the comex will default. i doubt that will happen this time around but eventually it will happen.<br /><br />as for the SLV thing, the "issuer" or the party who is delivering silver/gold can offer the "stopper" - the receiver - GLD or SLV in lieu of actual physical gold, since theoretically it is possible to get your delivery from GLD/SLV if you have enough shares. BOTH sides have to agree to this. I have no idea how much this actually happens.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-13991035124814174712010-11-29T19:03:43.741-07:002010-11-29T19:03:43.741-07:00I've got a good imagination, but not enough ex...I've got a good imagination, but not enough experience to understand what all of this means. What do you guys think will happen and how is it that the comex can pay somebody with slv shares if the stand for delivery of the physical metal?<br /><br />Sorry all, I'm a newbie. Thanks for the hand holding :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-23669776910692098422010-11-29T17:46:49.172-07:002010-11-29T17:46:49.172-07:00You are right, today is the day before first notic...You are right, today is the day before first notice:<br /><br />http://www.cmegroup.com/trading/metals/precious/gold_product_calendar_futures.html<br /><br />my bad. i guess i have to change my commentary a bit but it's still relevant.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-22586451936903532322010-11-29T17:32:40.281-07:002010-11-29T17:32:40.281-07:00Not to worry. The Crimex will move to a cash settl...Not to worry. The Crimex will move to a cash settlement plus they already have the ability to use SLV shares for physical settlement.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-61805466565899655212010-11-29T17:23:34.162-07:002010-11-29T17:23:34.162-07:00Are you sure today is the first notice day? First ...Are you sure today is the first notice day? First notice day is the last business day prior to the delivery month. I think that should be tomorrow Nov 30.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-70281320695779967642010-11-29T16:59:42.382-07:002010-11-29T16:59:42.382-07:00Comex is only for price discovery = it is not to a...Comex is only for price discovery = it is not to actually sell gold or silver. so, if they dont have it, they will settle in cash...so what...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-23851933738673404772010-11-29T15:59:26.710-07:002010-11-29T15:59:26.710-07:00A lot of the so called ounces approved for deliver...A lot of the so called ounces approved for delivery are in fact producer forwards. When the COMEX have to start delivering these notes in producer forwards to the longs the commercial users like Ford will know for sure that a genuine shortage is appearing in the commodity. Then like Palladium it can go up 20*.<br /><br />The real short squeeze will happen in London not on the COMEX which will go down with a whimper on the milk bill. In London, the Asian and Chinese buyers can offset delivery from the refiner pipeline so they can't be held to ransom like the longs on the COMEX.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-1643143929412792662010-11-29T15:55:28.959-07:002010-11-29T15:55:28.959-07:00I promise to pay you later.I promise to pay you later.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-35380544872264220282010-11-29T14:32:40.748-07:002010-11-29T14:32:40.748-07:00If less that 26,000 contracts take delivery, then ...If less that 26,000 contracts take delivery, then so what?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-8097584024697820482010-11-29T13:47:44.500-07:002010-11-29T13:47:44.500-07:00Ahahahahahahahahahahahaha Take THAT JPMorgan SCUM...Ahahahahahahahahahahahaha Take THAT JPMorgan SCUMBAGS!!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-44244042585642896212010-11-29T13:29:24.919-07:002010-11-29T13:29:24.919-07:0017,208 is a bit too low to me. I wish it could go ...17,208 is a bit too low to me. I wish it could go to like 30,000 sth to really squeeze the heck out of the evil empire.Anonymousnoreply@blogger.com