Results 1 to 11 of 11

Thread: COMEX is bust - no more gold for delivery

  1. #1

    Default COMEX is bust - no more gold for delivery

    It appears that COMEX is finally bust and out of deliverable gold, according to PM guru Harvey Organ. Makes sense considering the short monkey-hammering of metals lately. Silver probably not far behind.

    https://harveyorganblog.com/2017/12/...ng-silver-con/

    Quote Originally Posted by sorry about caps, Harvey doesn't write with caps lightly
    DEMAND FOR GOLD INTENSIFIES GREATLY AS WE WITNESS THE HUGE NUMBER OF EFP TRANSFERS TOGETHER WITH THE MASSIVE AMOUNT OF GOLD OUNCES STANDING FOR DECEMBER. EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals



  2. Remove this section of ads by registering.
  3. #2

    Default

    Having paper means having paper .

  4. #3

    Default

    Quote Originally Posted by devil21 View Post
    It appears that COMEX is finally bust and out of deliverable gold, according to PM guru Harvey Organ. Makes sense considering the short monkey-hammering of metals lately. Silver probably not far behind.

    https://harveyorganblog.com/2017/12/...ng-silver-con/
    Is that why gold fell by $4.75 an ounce (according to your link)? Because there isn't any left? If true, wouldn't the price of gold be soaring?

    This says they have over 900,000 ounces registered, deliverable gold as of today. http://www.24hgold.com/english/inter...tfcodecom=gold
    Last edited by Zippyjuan; 12-10-2017 at 01:30 PM.
    Quote Originally Posted by NorthCarolinaLiberty View Post

    Half the crap I write here is just to entertain myself.
    I am Zippy and I approve of this post. But you don't have to.

  5. #4

    Default

    ^^^^^^^^^^^^^^


    COMEX will never admit on paper that they're out of gold. As always, it is actions that matter, not the rhetoric or stats. Second, you know very well that the price of gold is based on the paper game rigged by a handful of banks. Finally, that link doesn't even work on my computer.
    Last edited by devil21; 12-10-2017 at 07:49 PM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  6. #5

    Default

    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  7. #6

    Default

    Quote Originally Posted by devil21 View Post
    It appears that COMEX is finally bust and out of deliverable gold, according to PM guru Harvey Organ. Makes sense considering the short monkey-hammering of metals lately. Silver probably not far behind.

    https://harveyorganblog.com/2017/12/...ng-silver-con/

    ROTFLMAO - Total nonsense - the "Comex default" someone Big is going to be STANDING FOR DELIVERY Tall Tale has been repeated for over a dozen years
    Subscribe to Smaulgld.com

  8. #7

    Default

    Still waiting for the massive failure to deliver...

    Twitter: B4Liberty@USAB4L
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  9. #8

    Default

    Quote Originally Posted by Brian4Liberty View Post
    Still waiting for the massive failure to deliver...
    Pure nonsense- just like the Gold $10,000, Fed won't raise rates, next Fed move is a rate cut and SDR to replace the dollar in 2018 hype from Dim Richards
    Subscribe to Smaulgld.com

  10. #9

    Default

    Quote Originally Posted by Smaulgld View Post
    ROTFLMAO - Total nonsense - the "Comex default" someone Big is going to be STANDING FOR DELIVERY Tall Tale has been repeated for over a dozen years
    Normalcy bias^^^^

    Are you saying that since it hasn't happened/been reported yet, even though Harvey explains that COMEX is forwarding contracts to London now, it never will? Which is rather strange since according to the video above London is ceasing metals fixing soon, presumably handing it to Shanghai. Do you think COMEX is going to splash it across the media or will it become more apparent as the price climbs? If you're waiting for a CNBC headline "COMEX IS BUST" then you don't know much.

    Quote Originally Posted by Brian4Liberty View Post
    Still waiting for the massive failure to deliver...
    See above. Why quote Rickards? This thread has nothing to do with Rickards. You're being like Zippy, citing Peter Schiff whenever you want to derail an econ thread.

    Quote Originally Posted by Smaulgld View Post
    Pure nonsense- just like the Gold $10,000, Fed won't raise rates, next Fed move is a rate cut and SDR to replace the dollar in 2018 hype from Dim Richards
    Who said anything about Rickards? Are you two confused or something?
    Last edited by devil21; 12-29-2017 at 05:04 PM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  11. #10

    Default

    bump.

    rpf should promote this to front page if info is important.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  12. #11

    Default

    Quote Originally Posted by devil21 View Post
    bump.

    rpf should promote this to front page if info is important.
    Do you have a link showing how much gold that COMEX has available for delivery? (most gold never even leaves their warehouse- they just change the title of who owns it).

    https://www.bullionvault.com/gold-ne...ocks-072420136

    Most commodity futures contract positions are closed prior to the delivery period. This means that more often than not, the people that contract to trade on the exchange liquidate their contractual commitments prior to having to take delivery.
    Quote Originally Posted by NorthCarolinaLiberty View Post

    Half the crap I write here is just to entertain myself.
    I am Zippy and I approve of this post. But you don't have to.






Similar Threads

  1. Replies: 0
    Last Post: 03-02-2011, 09:35 AM
  2. Replies: 0
    Last Post: 02-18-2011, 03:58 PM
  3. Replies: 0
    Last Post: 12-07-2009, 05:58 AM
  4. Replies: 1
    Last Post: 10-01-2009, 05:18 PM
  5. Comex Bust.
    By fatjohn in forum Economy & Markets
    Replies: 1
    Last Post: 01-11-2009, 02:36 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •