Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > PM Bug

Like Tree1Likes
  • 1 Post By ancona

Reply
 
LinkBack Thread Tools
Old 12-06-2011, 07:10 AM   #1
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,064
Liked: 2454 times
Snidely Inventory stress on the COMEX driving market manipulation?

Dave in Denver with a thought provoking blog post:
Quote :
...
Bill pointed out that the action in the shares on Friday - unexplainably lower - forecast today's action in the metals, as the big bank manipulators - left unregulated by the regulators - usually hit the mining shares before they try to raid the metals. I agreed with that for the most part except that the hit on silver didn't work on Friday. It's true the hit on the shares forecast this but the reason for it is to try and reduce the amount of actual Comex gold and silver deliveries they have to make, especially if the receivers (stoppers) ask for the metal to be delivered off the Comex. I think there's a real inventory stress building on the Comex. I think the advent and growth of SLV and GLD alleviated this for a few years but now more investors are understanding the difference between ETFs and real metal and the risks of leaving your metal with a questionable custodian. Just the movement of the reported inventory of metal at the Comex over the past couple of weeks tells us something unusual is going on.
...
More: http://truthingold.blogspot.com/2011...ur-entire.html

When you consider the news about miners being approached directly by buyers of size, it lends credence to the idea that the existing market system might be breaking down.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 12-06-2011, 07:14 AM   #2
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
I say bring it on. Nothing like a good purge to clean out the system.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 12-06-2011, 07:24 AM   #3
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,064
Liked: 2454 times
I should also reference this thread where the COMEX inventory shenanigans were discussed for context to Dave's post:

http://www.pmbug.com/forum/f3/comex-silver-games-202/
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 12-06-2011, 07:55 AM   #4
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
As certain as I am that folks here are familiar With Harvey Organ, I thought it appropriate to put a link to his site in the thread. Those who are not familiar with Harvey, rest assured that he's a PM maven.

http://harveyorgan.blogspot.com/
swissaustrian likes this.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
COMEX deliveries and registered gold (silver too) PMBug PM Bug 156 01-17-2018 02:58 PM
COMEX silver games PMBug Silver Bug 30 07-13-2012 08:31 AM
Gold and silver COT reports show traders abandoning COMEX PMBug PM Bug 2 11-30-2011 03:12 PM
Revised EU Stress Test Would See 66 Banks Fail PMBug Fiat Ponzi 1 10-16-2011 04:23 PM


All times are GMT -5. The time now is 02:51 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.