Vaporize COMEX 2008-12-24

Gold: 47.5% depleted. Delivery notices today: 12,800 oz.
Silver: 45.7% depleted. Delivery notices today: 0 oz.

Link to all Vaporize COMEX posts:
Vaporize COMEX Graphs

comex-countdown-gold-2008-12-24

gold-data-2008-12-24

comex-countdown-silver-2008-12-241

silver-data-2008-12-24

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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39 Responses

  1. Keep up the great work – excitement renewed.

    http://yiyd.com

  2. Logic must be you guys enemy.

  3. The number one job of the privately owned “Federal” Reserve is to suppress gold and silver.

    Bob Chapman
    ——————–

    Adolf Hitler said:

    “Gold in the hands of the people is an enemy of the state.”

  4. “In order to create a world with one government, one central bank, and one currency, the biggest and most important obstacle in the path of attaining that goal must be destroyed, and that is gold.”

    Gold Wars by Ferdinand Lips
    page 191
    —————-
    “In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings.”

    Aristotle

    page 27- Gold Wars
    —————

    hirty-five years ago, Fed Chairman Greenspan wrote in his article “Gold and Economic Freedom”:

    … gold and economic freedom are inseparable. In the absence of the gold standard there is no way to protect savings from confiscation through inflation. Gold stands as the protector of property rights. If one grasps this, one has no difficulty in understanding the statists antagonism toward the gold standard.

    Like liberty, gold never stays where it is undervalued.

    J.S. Morill
    Speech in the U.S. Senate, Junauray 28, 1878

  5. sorry i put the wrong url

    it should be Gold Prices India

  6. Actually you can check live Gold Prices India

    the prices there are updated every 30 minutes

  7. You have to choose between trusting to the natural stability of Gold and the honesty and intelligence of the members of the Government. And with due respect to these gentlemen, I advise you to vote for Gold. – George Bernard Shaw

  8. WhereareYou? What planet are you living on? Obviously not earth..

    #1) A link to a page that has a nice graphic for you to visibly understand the shortage of silver, true maybe it is not today but it will be the first rare metal that will have massive shortages.

    #2) A link to a class action decision that exposes the fractional reserve strategy of big banks selling precious metals. Morgan Stanley not only sold Precious metals to clients that they never purchased but had the audacity to charge the clients storage fees for imaginary metal. The defense?But it is the Industry Standard.

    #1) http://www.science.org.au/nova/newscientist/027ns_005.htm
    #2) http://www.sec.gov/comments/s7-19-07/s71907-321.pdf

    Real silver will go through the roof when the comex is busted, don’t buy paper, if you want to invest in silver own the real stuff or you are just hoping somebody you don’t know will give you silver when it really is a precious metal.

  9. Yes,ban where i link facts to refute everyone.There is no PM shortage.Only there WAS a shortage in smaller pieces.

    Thats even over now.People like you should stick to places like the gold bug forums where everyone is in agreement.

  10. WhereareYOU, please go troll somewhere else. You add nothing to the conversation here but vitriol and, like my children used to, you’re giving me a headache. Perhaps it’s time for the owner of this site to ban you.

    JP

  11. If there is such huge demand,why are there ZERO deliveries on some days? Why are physical premiums coming down?

    You choose to ignore my facts & go off on more tinfoil conspiracies.

  12. Big deal that 2 banks are shorting.Banks are idiots.Haven’t you saw how much trouble they are in?

    You guys should be trying to corner the tinfoil market..

    Oops there goes another PPT member.

  13. All you guys are in la la land. Every single experiment with fiat currency throughout history, (and yes, since 1971, we have been experimenting) has ended in massive run-away inflation. For anyone, to think that Ben S.Bernanke,Timothy Geithner,Hank Paulson,etc.. etc.. can somehow make it work “this time”. I urge you to study history, study austrian economic theory, study the history of wars. You will see these men for what they are. They are worthless beuracrats with no lasting power over market forces. They will fail, and fail miserably. Trust in GOD. Trust in the rule of law. Trust in the free market.

  14. WhereareYOU says he debates with facts, but uses language of a truck driver or construction worker to get his point across. Furthermore….he seems to be more pissed off than anyone else in this blog.

    What WhereareYOU fails to comprehend is that JP MORGAN and GOLDMAN SACHS have been controlling the price of GOLD and OIL for quite some time. The Bank Participation Report shows that only 2 banks hold 25% of the total GOLD SHORT POSITION and 30% of the total SILVER SHORT POSITION. There has never been this kind of LEVERAGE in history. Also…..COMEX GOLD has closed the session 90% of the time down, which is a STATISICAL IMPOSSIBILITY.

    55% of all OIL PRODUCTION is now under MARGINAL COST of PRODUCTION. The most expensive is the DEEP WATER and CANADIAN TAR SANDS….which acccounts for about 12-13 million barrels a day of the 85 million barre a day total. Their average cost of production is between $60-100 a day for these more expensive types of production. As you can see SUPPLY DESTRUCTION will become far worse than DEMAND DESTRUCTION.

    Lastly, WhereareYOU has no clue about the GOLD and SILVER BACKWARDATION. Gold went into Backwardation the first time in history on Dec 2, 2008 and remained so for 2 weeks. Look for more Backwardation in the GOLD WINDOW and more pressure in the month of FEB.

    BACKWARDATION means the WHOLESALE MARKET is getting tight and PERMANENT BACKWARDATION means that GOLD will no longer be sold at any PAPER PRICE. IT is not a matter of IF, it is a matter of WHEN.

    Once GOLD goes into PERMANENT BACKWARDATION….world trade will PLUMMET and the world will enter a NEW DARK AGE……unless gold goes back in the WORLD PUBLIC MINT.

    Those who have GOLD, SILVER BULLION and BULK FOOD….will have made the best investments of a lifetime.

  15. December won’t default but will deplete. Think february.

    Although there probably would be a takedown of paper prices to try to shake out the fake longs.

    Speculate at your own risk. Own and there’s NO Risk.

    And am not even a bug, hah. I must be nuts looking into PMs.
    Good luck and tidings one and all.

  16. The stocks are not all owned by the short sellers. The short sellers cannot deliver other people’s gold unless they buy it first – and they can only deliver from these stocks. It takes time to add gold to the stocks, as it must be checked.

    Hence the potential for a short squeeze.

    OTOH, Comex would prevent such a blatant manipulation, and most people have probably asked for the gold they want delivered already,

  17. Yes,i’m sorry I refuted you with facts

  18. Haha it’s cool WhereareYOU we all know you’ve damaged your brain cells by overdosing on propaganda.

    You are living in a fantasy world if you think you will not be affected.

  19. The reply above this one is stupid.There isn’t enough contracts left to add up to the inventory on hand.

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