Commodity Trade Mantra

Posts Tagged ‘Comex Warehouses’

Silver and the COMEX Inventory - Part 1

During our recent Q & A interview with silver analyst, Ted Butler, the issue of frantic in and out movement of physical silver within the COMEX warehouse system came up more than a few times. We asked Ted if he could describe how this movement literally works… What the heck is going on here? These are big trucks that are taking these containers of silver in and out of warehouses.

Silver Investment Demand Is Draining The Vaults Of Comex

Some major precious metals depots around the country, such as those in Los Angeles, completely ran out of all forms of pure silver last week, and mint owners are scouring the country to lock up the silver they need to keep production running. The scenario is deeply frustrating for mints that should be having a heyday in this period of high silver investment demand.

The Fed Bailed Out The Comex With Hypothecated Gold

COMEX clearing members had gotten themselves to the edge of a widespread default on physical gold delivery obligations. That same day, JPMorgan transferred 177,402 troy ounces of gold into COMEX registered gold stockpiles – just enough to cover the shortfall. Did JPMorgan Chase just engage in a bailout?

Zero Hour Approaching When Futures Exchange Runs Out Of Gold Bullion

Gold has being drained out of the Comex warehouses almost nonstop this year and gold inventories are down- A handful of billionaires or just one powerful creditor nation-state with large foreign exchange reserves, such as Russia, could corner the Comex gold market and cause a default.

GOLD ETF Investors Unable To Get Physical Gold

Respected investment managers, Grant Williams and John Hathaway said that the Custodians of the GLD ETF or SPDR Gold Shares have refused to give people physical gold in exchange for the shares as investors are entitled too.

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