COMEX Collapse? Don't Count on it

[Smaulgld]

Predictions of a COMEX Default Are Making the Rounds Again

Here is why it won’t happen

https://smaulgld.com/four-reasons-comex-wont-default/

[devil21]

I dunno man, Harvey Organ's blog is pretty accurate and says COMEX is bleeding real metal and there's A LOT of contract holders standing for delivery in July. COMEX will have to do some serious shell games with real metals to keep from defaulting on real metal deliveries over the next few months.

https://harveyorganblog.com/

[Smaulgld]

I dunno man, Harvey Organ's blog is pretty accurate and says COMEX is bleeding real metal and there's A LOT of contract holders standing for delivery in July. COMEX will have to do some serious shell games with real metals to keep from defaulting on real metal deliveries over the next few months.

https://harveyorganblog.com/

Sorry, but I have been following it for years like Organ and others.

Many have predicted imminent default and it never happened and it won't happen for the reasons stated.
The constant calling for default of Comex is comical

dont want to listen to the you tube. Read this

https://smaulgld.com/why-comex-wont-default/

[devil21]

Your entire premise is that status quo continues and those standing for delivery will accept cash settlements instead of draining the remaining real metals from COMEX stores, thus forcing those stores to quickly source out more real metal while those standing for delivery continues to rise.

I'd usually agree with you about status quo but these aren't "normal" times. For example, when someone like Soros dives into gold markets, and he could conceivably empty the entire "warehouse" by himself, it starts to look less like status quo operations. He wouldn't want a cash settlement since he knows cash is bull$#@!. He would want the real metal. That's how I look at it. We shall see.

[Smaulgld]

Your entire premise is that status quo continues and those standing for delivery will accept cash settlements instead of draining the remaining real metals from COMEX stores, thus forcing those stores to quickly source out more real metal while those standing for delivery continues to rise.

Actually it is NOT my premise. Did you read the post and listen to the podcast?n
My premise is that even if some one is foolish enought to "stand for delivery" for gold or silver that isnt there, he will be cash settled or if he refuses the cash booted from the platform.
the comex collapse story has been told hundreds of times and hasnt happened and won't happed. YOU DONT BEAT THE CASINO AT THE CASINO
But believe the hypsters if you wish, who recycle the comex collapse story every few months, often insisting THIS time it's GAME OVER- It's not the farce will continue

[Zippyjuan]

Most COMEX investors aren't interested in physical delivery anyways. They are trading the contract and trying to profit by movement up or down in the value of the contract. When the contract expires, rather than take delivery it just gets rolled over into a new one.

[Smaulgld]

Most COMEX investors aren't interested in physical delivery anyways. They are trading the contract and trying to profit by movement up or down in the value of the contract. When the contract expires, rather than take delivery it just gets rolled over into a new one.

Yes zippy, thanks for repeating what is in the post.

[devil21]

Actually it is NOT my premise. Did you read the post and listen to the podcast?n
My premise is that even if some one is foolish enought to "stand for delivery" for gold or silver that isnt there, he will be cash settled or if he refuses the cash booted from the platform.
the comex collapse story has been told hundreds of times and hasnt happened and won't happed. YOU DONT BEAT THE CASINO AT THE CASINO
But believe the hypsters if you wish, who recycle the comex collapse story every few months, often insisting THIS time it's GAME OVER- It's not the farce will continue

I didn't listen to the podcast, just read the text. I agree that it has been told before. The difference is what happens when the owners of that casino decide for whatever reason to close the doors, take all of the assets and move to a different, greener pasture? I guess we have different ideas of what a "COMEX Collapse" entails.

Any day COMEX dares to report physical metal stores as zero is the day the charade is over, the paper markets collapse and everyone holding paper metals runs for the exits. As long as they report physical metals being stored as backing for contracts, yes it'll continue. I can't think you seriously think that COMEX would continue business as usual if it reported NO gold and NO silver holdings and only cash settlemenrs?

[Smaulgld]

I didn't listen to the podcast, just read the text. I agree that it has been told before. The difference is what happens when the owners of that casino decide for whatever reason to close the doors, take all of the assets and move to a different, greener pasture? I guess we have different ideas of what a "COMEX Collapse" entails.

Any day COMEX dares to report physical metal stores as zero is the day the charade is over, the paper markets collapse and everyone holding paper metals runs for the exits. As long as they report physical metals being stored as backing for contracts, yes it'll continue. I can't think you seriously think that COMEX would continue business as usual if it reported NO gold and NO silver holdings and only cash settlemenrs?

I dont think it would be business as usual, BUT it got close earlier this year when they were down to about 100,000 oz of gold- they would never publish a zero number even if there were no gold- I guess you are applying logic and honesty to a system that doesnt play by the rules.

Its like Hillary clinton, she should be tried but she may not be because she has backers -Comex has backers even more powerful than hillary's. Listen to the podcast where I say the same people that call comex a corrupt ponzi scheme expect its operators and backers to just roll over when they have no pMs in their vault- won't happen

[devil21]

I dont think it would be business as usual, BUT it got close earlier this year when they were down to about 100,000 oz of gold- they would never publish a zero number even if there were no gold- I guess you are applying logic and honesty to a system that doesnt play by the rules.

Again, that is assuming status quo and that those that control those markets don't want the game to end. The owners of the casino can close the doors whenever they wish.

Its like Hillary clinton, she should be tried but she may not be because she has backers -Comex has backers even more powerful than hillary's. Listen to the podcast where I say the same people that call comex a corrupt ponzi scheme expect its operators and backers to just roll over when they have no pMs in their vault- won't happen

Unless they want it to collapse...

Hillary will never be tried because she knows how the legal system works, she is not a "U.S. Citizen" and is not subject to the laws that the little people are. She's playing by a completely different set of rules. That's for a different thread though. (eta: On second thought, she would be subject to any laws of the United States Inc while she is in DC proper. I guess there could have been some instances where she was technically in violation. Not enough information to say for sure.)

Any way, you are entitled to your opinion and I respect that. I disagree, however, since I sense much larger agendas under way right now and the relatively small COMEX PM markets would easily be sacrificed if need be. That's why I have no faith that status quo will continue.

[Smaulgld]

Again, that is assuming status quo and that those that control those markets don't want the game to end. The owners of the casino can close the doors whenever they wish.



Unless they want it to collapse...

Hillary will never be tried because she knows how the legal system works, she is not a "U.S. Citizen" and is not subject to the laws that the little people are. She's playing by a completely different set of rules. That's for a different thread though.

Any way, you are entitled to your opinion and I respect that. I disagree, however, since I sense much larger agendas under way right now and the relatively small COMEX PM markets would easily be sacrificed if need be. That's why I have no faith that status quo will continue.

If they sacrifice it- it will be a controlled demolition and you can bet we get nothing out of it/ Remember what they did to the hunt brothers and silver NEVER recovered to the same levels for 30 years

[muh_roads]

I agree with you Smaulgld. Aside from owning a lot of silver dimes, things like this are why I stopped caring about metals after 2011.

I didn't have my reasons laid out as well as you, but I just knew the people couldn't overcome the manipulation. JPM & GS naked short more silver than what exists on the planet. I've completely lost interest in metals because their actual supply isn't accountable and I don't think they ever can be.

You have a nice site. I'm surprised you don't cover any blockchains like bitcoin for economic updates. The supply can't be hidden on the blockchain and nobody owns the casino. The casino in the case of bitcoin is owned by the people.

[Smaulgld]

I agree with you Smaulgld. Aside from owning a lot of silver dimes, things like this are why I stopped caring about metals after 2011.

I didn't have my reasons laid out as well as you, but I just knew the people couldn't overcome the manipulation. JPM & GS naked short more silver than what exists on the planet. I've completely lost interest in metals because their actual supply isn't accountable and I don't think they ever can be.

You have a nice site. I'm surprised you don't cover any blockchains like bitcoin for economic updates. The supply can't be hidden on the blockchain and nobody owns the casino. The casino in the case of bitcoin is owned by the people.

Thanks
i always like the concept of bitcoin never cared for it as deeming it unnecessary when there was gold and silver
but now when they can cut your ability to transact, bitcoin becomes an important option
check out what happened to this pm dealer in sweden whose bank account was closed without notice yesterday.?
https://smaulgld.com/swedish-gold-de...ithout-notice/

[kfarnan]

I like PM too, but the market is manipulated.