Truly scary stuff r33! Not at all a comfortable read!
Is COMEX being cornered
The situation in gold has quietly become much worse than silver, there were 162,509 Dec. gold contracts open which represent over 16 million ounces of gold. The "registered" (deliverable) category at the COMEX inventory shows only 868,910 available to deliver! Do you see the problem here? There are only 4 days left until this contract goes into the delivery process, yet there are 20 ounces contracted for each ounce available! I have one other amusing thought for you, remember the 80 tons sold in 15 minutes last Wednesday? This was almost 2.8 million ounces compared to a deliverable inventory of just 869,000 ounces, in my opinion, "FRAUDULENT" in capital letters! Yes I understand, there are still four days left for the open interest to bleed down and roll out to the next contract month but we now stand in totally uncharted territory. Never in the past has this much open interest been still outstanding with deliverable inventory as low as it is. It is also astounding that total open interest could have risen to these levels while the price dropped. For open interest to increase and the price to drop, the "initiation" to the opening of contracts has obviously been done by sellers. This is exactly what I have been saying all along, the dropping price has been dictated by paper sales of COMEX contracts ...but now there is a problem. So much paper has been sold to dictate the price that the contracts outstanding simply dwarf the available metal to deliver. Put another way, COMEX gold and silver look like they have been cornered! We will know shortly if this is true and "who" did the cornering. I suspect we will find out that this has been a Chinese/Russian hand holding consortium and one that was carefully planned and done within legal bounds. I think we will find out they in fact did play by the West's rules and it was the "sellers" of nonexistent metal who fell into their own price fixing trap. It has been a financial war, one that was declared by the West and looks to have been possibly won by the East. http://www.gold-eagle.com/article/comex-being-cornered
The shorts are FINALLY coming to a end,???? More interesting readinghttp://www.communitysynergy.com/cc/public/display/fe53bbde8e
This negative sentiment
And manipulation can't go on much longer,have a listen very interesting.https://m.youtube.com/watch?v=ASDP3C0gM-o. ,thanks Bnc,
RE: SRB and AVM vsCNR
The valuation maths seems to have no correspondence to NVP, which ironically is the target metric that formal reporting of resourcing seems to compel explorers to report. The value of gold in the ground seems to more strongly dictate MCAPs in miners. For producers that gold on the ground is valued at $200 an oz. An explorer, due to the risk of never reaching production valued more like $50-70 per oz. maybe even less,,,, CNR is valued at less than $15 an oz at present!! It does seem like nonsense
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