Commodity Trade Mantra

Posts Tagged ‘Comex Gold’

The Comex Paper Silver and Gold Fraud Deepens

We’ve written quite often of the surge in Comex gold open interest and the attempts by The Banks to manage the paper derivative price by increasing the paper derivative supply. In this post, we turn to Comex silver, where The Banks are pulling the same tricks but with a very interesting twist. Silver investors would be wise to consider the possibilities and act accordingly.

Record Low Silver Inventories may Spark Serious Fireworks in Silver Market

Having hit a new record of 44 owners per ounce – Registered Silver Inventories are at the lowest level in over a decade at 23.3 Moz. Silver Inventories fell as Indians & North Americans were buying record silver bullion. Now the Chinese are not only acquiring a lot of silver for industry, they are now buying silver for investment. We could soon see serious fireworks in the silver market.

Stunning Development In Comex Gold June Deliveries

1.176 million ounces of gold have been delivered for the June contract six days into the June contract delivery period. Even more interesting is the fact that there’s still 6,683 June contracts open representing 668,300 ozs of potential deliveries. This is a relatively high number of contracts still open this far into the delivery period.

The Fed is Data Dependant - Gold Price is Dollar Dependant

Rising gold holdings have been the one bright spot for the gold price that has held steady even in the face of weakness on the gold chart. The big question the market is going to be asking is can the Fed indeed hike rates at a pace that would send the US Dollar higher with all the negative side effects from that. Much depends on what the Forex markets do with the US Dollar.

Price Discovered on Comex is not a Price for Gold or Silver at all

We’re simply attempting to draw attention to the hopelessly corrupt & fraudulent, paper derivative pricing scheme. In the absence of any meaningful physical delivery, the price discovered on the Comex is not a price for gold or silver at all. With open interest near record levels in gold and silver, we likely won’t have to wait much longer to find out the Truth.

Follow The Smart Money - And Right Now It Is Moving Into Gold

Something big is happening with gold. Let’s discuss what’s happening and nail down some serious opportunity. Follow the money and right now money is moving into gold and select miners. In fact, there’s so much interest in “paper” gold that physical supply has utterly broken down. As in… crashed and about to burn in a roaring fireball! This is critical.

Gold Jumps, Silver Soars As The U.S. Dollar Slumps

Gold prices jumped to a seven-week high & silver soared to a 15-month peak as the dollar touched an 11-month low. With Japan closed today, and unable for now to do more damage (or damage control), China stepped in with some modest turmoil of its own by strengthening the Yuan fix by the most since 2005, pressuring the US dollar weaker for the 5th day in a row.

Is Gold a Commodity, an Investment, or Money? - The Golden Chameleon

At times, gold behaves like a commodity. The gold price tracks the ups and downs of commodity indices. Sometimes, gold is viewed as a safe haven investment & competes with stocks and bonds for investor attention. On occasion, gold assumes its role as the most stable long-term form of money the world has ever known. Like a chameleon, gold also changes its nature depending on the background.

Charts with more Words than Registered Gold at COMEX

COMEX has NEVER EVER gone into an active delivery month with such a small amount of registered gold available. In fact, I cannot remember a time when the registered category was ever more sparse than it is now. The amount of gold in the registered category is now roughly $80 million. This is not only scary, I cannot believe COMEX would allow these numbers to be seen.

Economic Truth Must be Masked to Cover Gold and Silver Market Reality

The global financial system has gone awry where economic truth must be masked and hidden to cover the reality. How is it credible that COMEX can sell 12 times as much gold in just 30 minutes as they claim to have available for delivery? As for you as an individual investor, can you see the danger here? A failure to deliver will be catastrophic. Can you handle the ugly truth?

About 38% Of All The COMEX Gold In Hong Kong Left The Warehouses Yesterday

Very little gold bullion actually changes hands or goes anywhere in the Comex US. But Hong Kong is typically seeing large inflows and outflows of gold. Because that is how the precious metals market has been manifesting in Asia since about 2007: not with endless chains of paper just changing hands in a grand game of liar’s poker, but with the physical exchange of bullion.

The Comex Silver Short Bubble Is Huge

Yesterday the total Comex silver OI rose by another 4,909 contracts to close at 200,273. That’s the first time in the history of the Comex silver that total OI has exceeded 200,000 contracts. Why is Comex silver OI at record highs when price is at 5-year lows? From a CoT standpoint, this is all extraordinarily bullish for paper silver.

There can be no Clearer Proof of Manipulation in COMEX Silver

There can be no clearer proof of manipulation in COMEX silver than was documented in the COT Report as on May 19, 2015. In just one reporting week, more managed money contracts were bought & more commercial contracts were sold in COMEX silver and gold futures than ever in over 30 year history of the COT report.

Gold Futures Short Covering Rally

In the past, speculator short covering frenzies have pushed gold high enough to ignite new long-side buying by speculators. If this next short covering gold rally coincides with the lofty US stock markets and/or parabolic US dollar finally rolling over, there will be a big resurgence in gold investment demand way beyond speculator short covering.

Is The Gold Really There? - Part 1

“Is the claimed gold really there”? Why verifying our nation’s gold holdings is “too expensive”? The obvious answer to this question is because the gold is not there and if it were proven or made public, the value of the dollar would evaporate …along with the power of those pushing and pulling the financial levers!

2 Comex Gold Depositories: Registered Inventories Decline 25% In A Day

On Thursday, Brinks held 257,290 oz of gold & Scotia held 339.993 oz in their registered inventories. On Friday, when CME released an update on its Comex gold warehouse stocks, Brinks registered inventories declined 62,259 oz & Scotia Mocatta fell 87,849 oz. In a day, Brinks registered gold inventories fell 24% & Scotia Mocatta’s fell 26%.

Uncertainty in Gold and Silver Markets: Low Prices Will Cure Low Prices

Low price has created excess demand & will cause a short supply since mines cannot make money at these levels. While COMEX can & has created the price, they cannot create supply, necessary to satisfy higher demand. By forcing the gold and silver price too low, COMEX has set in place fundamentals for a re pricing in explosive fashion.

JPMorgan Holds Lowest Silver Short Position Since 2008

JPMorgan’s short position in silver is now down to about 11,500 contracts, their lowest short-side corner in the Comex futures market since taking over the silver short position of Bear Stearns in 2008. And not to be forgotten in all of this, is the equally extreme short-side corner in the Comex silver market held by Canada’s Scotiabank.

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