Vaporize COMEX 2008-12-04

Last update: Fri 12/5/2008, 9:01am CST (final warehouse figures added). No reported change in gold warehouse inventories, only 5,114 oz added for silver.

Link to all Vaporize COMEX posts:
Vaporize COMEX CountDOWN

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-2008-12-04

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 – 1,189,000 oz vs inventory of 2,918,028 oz. (40.7%)
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-2008-12-041 

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 – 26,285,000 oz vs inventory of 80,244,971 oz. (32.8%)
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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11 Responses

  1. The Silver graph looks like 23,000,000 not 26,000,000

  2. For those of you tracking the backwardation of gold, here are the prices at the close:

    Dec 08: 768.8
    Jan 09: 764.2
    Feb 09: 751.8
    Apr 09: 749.0

    For some recent commentary on this situation:
    http://news.goldseek.com/GoldSeek/1228499200.php

  3. “A strange day occurred on Monday. Gold was down hard, the euro currency was down a little, but the pound sterling was down 500 bpts. Some attributed it to lousy economic news in England. Not completely so! Another factor might be at work. A clearer perception of a struggling UK Economy would not take down the gold price. My sources tell of possible shipments of gold from England to the US-based COMEX, in order to satisfy gold demands for delivery. It is hard to verify. Time will tell.”

    Source:
    http://www.321gold.com/editorials/willie/willie120508.html

  4. Craig said: “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.”

    Craig, check out http://www.gata.org.

  5. Thanks for updating the charts. I’m looking at futures market meltdown in the Feb/March timeframe.

    Cheers and long live the bugs!

  6. ONe addition to the graph might be useful for showing a more complete picture and that is to display current open interst for the month (to give the perspective of potential delivery demand).

    Thanks for your efforts

  7. How is that COMEX default shaping up??? The prices must be soaring through the roof by now. Oh, and before I forget, can you tell me when the aliens land, and how is Elvis doing?

  8. […] are buying gold like nuts, wait until the COMEX supplies run out and gold jumps through the roof. Vaporize COMEX 2008-12-04 Meltdown 2011 The Manipulation of Gold Prices | The Network Newsletter __________________ Take action! […]

  9. why are deliveries slowing down so much? It doesnt look like the comex will bust at this rate.

  10. 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.

  11. Vaporize COMEX 2008-12-04 « 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 ……

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