Cheney Lauds Obama’s NS Team

cheney darth vaderIf you still think Obama will be significantly different from what we’ve had these last disasterous eight years, this’ll send a chill down your spine.

In a wide-ranging interview with ABC News with 35 days left in the Bush administration, Cheney also again vehemently defended going to war in Iraq, said waterboarding of suspects in the war on terror was justified in some instances and opposed closing the military prison at Guantanamo Bay, Cuba.

“I must say, I think it’s a pretty good team,” Cheney said of Obama’s national security choices, in a segment of the interview broadcast Tuesday on “Good Morning America.”

The vice president said he thinks “the idea of keeping (Bob) Gates at defense is excellent. I think (retired Gen.) Jim Jones will be very, very effective as the national security adviser.”

And Cheney said that while “I would not have hired” Hillary Rodham Clinton to be secretary of state, “I think she’s tough. She’s smart, she works very hard and she may turn out to be just what President Obama needs.”

[more]

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Vaporize COMEX 2008-12-16

Gold: 45.7% depleted. Delivery notices today: 23,200 oz.
Silver: 38.2% depleted. Delivery notices today: 0 oz. (yes, zero)

Link to all Vaporize COMEX posts:
Vaporize COMEX Graphs

comex-countdown-gold-2008-12-16

gold-data-2008-12-16

comex-countdown-silver-2008-12-16

silver-data-2008-12-16

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 delivery notices this month,
2) the ounces of “registered” metal available for delivery,
The percentage shown is based on the cumulative physical metal delivery notices for the month against the “registered” amount of metal in COMEX.
“Eligible” metal inventories are not shown as they do not have a direct bearing on the inventory depletion ratio.

Sources:
[1] COMEX precious metals warehouse stocks:
gold: http://cmegroup.com/trading/energy-metals/files/Gold_Stocks.xls
silver: http://cmegroup.com/trading/energy-metals/files/Silver_Stocks.xls
[2] COMEX precious metals daily delivery notices: http://cmegroup.com/trading/energy-metals/files/delivery.pdf

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
COMEX: Taking Delizery Is EZ