Vaporize COMEX 2008-12-22

Gold: 46.6% depleted. Delivery notices today: 0 oz.
Silver: 45.0% depleted. Delivery notices today: 0 oz. with a drop in registered inventories.

Link to all Vaporize COMEX posts:
Vaporize COMEX Graphs

comex-countdown-gold-2008-12-22

 gold-data-2008-12-22

comex-countdown-silver-2008-12-22

silver-data-2008-12-22 

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
Link to master list of reports: http://www.cmegroup.com/trading/energy-metals/nymex-daily-reports.html 

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

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7 Responses

  1. Look at that. No gold delivered huh? Well, they need to deliver over 300,000 ounces per day in order to meet the quota by the end of the month.

  2. one more time confication of gold in super democracy called USA!!it will hapen again!!!because there is no real growth in this DEATH-DEBIT ECONOMY!!Inflation is the only generator
    of productivity in keynes theory!!!but this time even private cartel called FED will not prevent, deflation !!! they will try to prevent deflation but , consequence will be HYPER INFLATION..All the best from EUROPE!!
    FREEDOM IS SOLUTION!! Andmar Vilson
    http://www.republicmagazine.com/

  3. IMAGINE THE SCAM IF THERE IS NO GOLD WITH THE FED . EVERYBODY HAS BEEN PREDICTING FOR DOLLAR DEVALUATION AGAINST GOLD AS THE ONLY WAY TO GET OUT OF THIS MESS…………

    IT WILL BE THE CON OF THE CENTURY FOR AGES… HA HA HA

  4. “December deliveries continue with another 60 being assigned this morning. The total for the month so far has been 13,266 or 1.327 million ounces. There still remain 326 contracts open in December gold.”

    Dan Norcini at http://www.jsmineset.com/

  5. Hang on. The eligible Gold has droped 99 ounces.

  6. Well Well Well. What do you know.

    But we will have to see if this is going to happen for the next week.

    But I must say that the Delivery results is looking kinda funny. Is COMEX on a holiday today?

  7. Where are the idiots today?

    Bust Comex!!

    Hahahahahahahahaaaaaaaaaaaaaaaaaaaaaaaaaaa

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