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Not Now Sufficient Metal For Comex Futures Action

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stewart's Avatar
United States
1126 Posts
 Posted 04/28/2011  4:26 pm Show Profile   Bookmark this topic Add stewart to your friends list Get a Link to this Message Number of Subscribers
Very interesting article Just thought I would share

there are not now sufficient metal resources to cover very much of the COMEX futures action


Quote taken from 3/4 way down the article

http://www.gotgoldreport.com/2011/0...er.html#more

Look at JP Morgans Registered Stock versus it's eligible
http://www.cmegroup.com/trading/ene...r_Stocks.xls

Updated to add COMEX Registered Silver Inventory Falls Even Further
Article from Thursday, April 28, 2011

http://www.gotgoldreport.com/2011/0...er.html#more
Edited by stewart
04/28/2011 4:51 pm
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Maineman750's Avatar
United States
3592 Posts
 Posted 04/28/2011  6:36 pm  Show Profile   Bookmark this reply Add Maineman750 to your friends list Get a Link to this Reply
My take on all articles of this type whether stocks,PM's, oil prices....they are designed to manipulate.
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stewart's Avatar
United States
1126 Posts
 Posted 04/28/2011  7:10 pm  Show Profile   Bookmark this reply Add stewart to your friends list Get a Link to this Reply

Quote:
My take on all articles of this type whether stocks,PM's, oil prices....they are designed to manipulate.


Amen to that
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Ed_B's Avatar
United States
4008 Posts
 Posted 04/28/2011  9:34 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
My take on all articles of this type whether stocks,PM's, oil prices....they are designed to manipulate.

That is very likely to be the case.

It's also possible that some of the articles out there are meant to educate and inform, rather than manipulate. In those cases, the people putting them out will neither be selling the items upon which they are commenting nor selling advice on how to buy, sell, or trade them.

The rule that I usually follow in such cases is that, "free advice is usually worth what we pay for it".
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mitchhailey's Avatar
United States
1150 Posts
 Posted 04/29/2011  03:09 am  Show Profile   Bookmark this reply Add mitchhailey to your friends list Get a Link to this Reply
I agree.

However, even articles that are meant to 'inform' are by their very nature manipulating the market in some form or manner. We are all human and when we take in information of any sort we make decisions about it and act on it (or don't act on it) in some way. So all information affects markets if you really think about it.

But that is why I love the internets! Info overload! I'm a news junkie and it helps me make balanced and informed decisions. Anyway...what were we talking about? lol

I should really be sleeping and not messing with around on the forum.

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Ceylon62's Avatar
United States
1285 Posts
 Posted 04/29/2011  06:10 am  Show Profile   Bookmark this reply Add Ceylon62 to your friends list Get a Link to this Reply
Vast majority at what goes on at the comex and or other commodities trading platforms is Hedging. Positions are a moving target opened / closed on a regular / daily basis.

Here is an example - Someone who has Physical silver at their bank vault (lets call it LOT A) shorts the same amount (LOT A) at comex. So yes that amount (LOT A) is NOT at comex. But LOT A is deliverable IF the contract is NOT closed out.

Consider the source of these articles and their agendas -- long or short. Most importantly be hedged and DYODD.
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