Vaporize COMEX 2008-12-08

Last update: Mon 12/8/2008, 4:39 pm CST (added new data images).
Gold: 42.6% depleted. Delivered today: 25,500 oz.
Silver: 35.9% depleted. Delivered today: 1,500,000 oz.

Link to all Vaporize COMEX posts:
Vaporize COMEX CountDOWN

Latest:  
Silver Dealers: My Experiences
Paid COMEX Informant?

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-2008-12-08

gold-data-2008-12-08

 comex-countdown-silver-2008-12-08

silver-data-2008-12-08

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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7 Responses

  1. I don’t think we should take out our frustration on the banks or whoever but we need to tell people to buy the physical metal. Way more people buy paper and it screws with the price.

  2. anomaly use alt_shih at yahoo

  3. […] and warehouse stocks are continuing to dry up.  As noted in a COMEX update and as calculated by Meltdown2011 this represents about 42.6% of the warehouse inventory.  Things are getting interesting and […]

  4. Thank again for updating the charts

    Check out professor Fekete’s latest article

    “I have received several inquiries how to explain the simultaneous occurrence of gold backwardation and a further fall in the price of gold. Here is my answer. Comex is at the verge of bankruptcy, at least as far as its gold trading is concerned. The trouble is twofold.” -Dr. Antal Fekete , 12.08.2008

    http://www.gold-eagle.com/gold_digest_08/fekete120808.html

  5. Tony, I would be very interested in that information, what is your email address?

  6. I have a spreadsheet with a running total (updated daily) for all dealers, if you would like a copy, send me email, as the data does not fit in your comment box.

  7. Vaporize COMEX 2008-12-08 « 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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