Vaporize COMEX 2008-12-03

Last update: Wed 12/4/2008, 9:51am CST (updated warehouse inventory numbers) Silver depletion % rises to 32.4%. Gold rises slightly to 40.4%.

Starting with this report I’ll create a new post each day for the charts. This will help manage the comments better. Thanks for the suggestions!

From the comments, a succinct explanation:

bustcomexexplained

COMEX gold & silver price manipulations are bashing precious metals investors, miners and shareholders. Now it’s time to fight back by Busting COMEX

comex-countdown-gold-2008-12-032

Cumulative COMEX Gold Deliveries:
Nov 28 – 860,000 oz vs inventory of 2,855,567 oz. (30.1%)
Dec 1 – 1,116,600 oz vs inventory of 2,908,224 oz. (38.4%)
Dec 2 – 1,147,300 oz vs inventory of 2,908,024 oz. (39.5%)
Dec 3 – 1,175,800 oz vs inventory of 2,918,028 oz. (40.3%)
Dec 4 – TBD
Dec 5 – TBD
Dec 8 – TBD
Dec 9 – TBD
Dec 10 – TBD
Dec 11 – TBD
Dec 12 – TBD
Dec 15 – TBD
Dec 16 – TBD
Dec 17 – TBD
Dec 18 – TBD
Dec 19 – TBD
Dec 22 – TBD
Dec 23 – TBD
Dec 24 – TBD
Dec 26 – TBD
Dec 29 – TBD [Final notice day]

comex-countdown-silver-2008-12-031 

Cumulative COMEX Silver Deliveries:
Nov 28 – 15,200,000 oz vs inventory of 80,749,083 oz. (18.8%)
Dec 1 – 17,600,000 oz vs inventory of 80,639,774 oz. (21.8%)
Dec 2 – 24,070,000 oz vs inventory of 80,239,857 oz. (30.0%)
Dec 3 – 26,035,000 oz vs inventory of 80,239,857 oz. (32.4%)
Dec 4 – TBD
Dec 5 – TBD
Dec 8 – TBD
Dec 9 – TBD
Dec 10 – TBD
Dec 11 – TBD
Dec 12 – TBD
Dec 15 – TBD
Dec 16 – TBD
Dec 17 – TBD
Dec 18 – TBD
Dec 19 – TBD
Dec 22 – TBD
Dec 23 – TBD
Dec 24 – TBD
Dec 26 – TBD
Dec 29 – TBD [Final notice day]

COMEX trades hundreds of times more gold & silver than they actually possess. If enough investors demand delivery of PHYSICAL gold & silver COMEX stockpiles will be depleted. If COMEX runs out, the ensuing rush to grab physical metal to settle contract obligations *could* be the spark that ignites the long-awaited precious metals wildfire.

Explanation:
COMEX warehouses contain both “registered” and “eligible” metals. The “registered” metals are available for physical delivery. The “eligible” metals are not ready for delivery until they become “registered.” Although this pool of “eligible” metals is stored at COMEX warehouses there is no obligation to “register” these metals for subsequent physical deliveries.

The graph shows:
1) the cumulative ounces of metal delivered this month,
2) the ounces of “registered” metal available for delivery,
3) the ounces “eligible” for registration.
The percentage shown is based on the cumulative physical metal deliveries for the month against the “registered” amount of metal in COMEX.

Sources:
[1] COMEX precious metals warehouse stocks: http://www.nymex.com/warehouse.aspx
[2] COMEX precious metals daily deliveries: http://www.nymex.com/media/delivery.pdf
[3] “Zed”, “nofear”, “DaveInDenver” and “Kaboom” from blog comments. Thanks, guys! 

More info:
Gold: Is This It, NOW?
Attack of COMEX Gold & Silver
How 2 Track COMEX Deliveries
Sinclair Sez “Help Me Bust Comex”
This Guy Plans 2 Kill “Paper” Silver

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9 Responses

  1. I’ve been looking for this info forever. May the gods bless you!

  2. How does this compare to, say, last month? I can’t find any historical delivery reports.. Is anyone keeping an archive of these pdfs?

  3. Scott, wouldn’t it be something if we could establish and promote a legal fund through your site or maybe David Morgan’s that would offer a reward to any individual or individuals that would come forward and expose this obvious Comex crime in progress. We could get this out to all the big PM sites and ask for donations to a registered account. No one to date has offered this idea so far, but I think it could work, as there are many people interested in the outcome. There has to be a few underlings working at the Fed, Comex, etc. that are aware of the crime but have not considered coming forward and testifying with info that could really bust this crime in progress.

  4. Vaporize COMEX 2008-12-03 « Meltdown 2011…

    If COMEX runs out, the ensuing rush to grab physical metal to settle contract obligations *could* be the spark that ignites the long-awaited precious metals wildfire. Explanation: COMEX warehouses contain both “registered” and ……

  5. Ted Butler’s latest COT report talks about a “shocking liquidation in silver” as prelude to an imminent turnaround in silver price.

    https://meltdown2011.wordpress.com/2008/12/04/butler-shocking-liquidation-in-silver/

  6. David Morgan has sent an email talking briefly about COMEX deliveries.

    He says:
    “I wish to bring to your attention that a lot of mis-information is surrounding the Comex delivery of gold and silver. Most of the information posted on certain Internet sites give the “Notices” of delivery. A notice is not an actual delivery!”

    “Yes, metal will be coming off the exchange in December, but it will NOT be nearly the amount stated in the notices.”

    https://meltdown2011.wordpress.com/2008/12/04/morgan-on-comex/

  7. The bottom line is when people REALLY want physical gold/silver and the only thing available is paper gold/silver it will cause physical to rise and paper to fall. Which is what we see happening now.

    Paper is not gold or silver, paper is paper whether it be t-bills or corporate contracts. Papers value is backed by the law of man, while gold and silver are very very rare and backed by the physical laws of the creator. Man plans and god laughs. Paper is not wealth, paper is a mechanism to define wealth.

    Corruption destroys mans “perfect” paper laws and corrupts the free market. Corruption is the root problem. If you are not against corruption you are for corruption! If you are not for America you are against America!

    Please support the “Transparency of Loyalty in Government Amendment.” Only when there is no corruption will we a have a FREE market economy.

    http://www.petitiononline.com/tona2009/petition.html

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