Comex

The scramble for physical gold and silver is intensifying. People increasingly want to own the real thing, and not some paper substitute….

Looks like India was in serious “buy” mode last night after the London/NY ambush of paper gold. Per JB’s invaluable report to be found at http://www.lemetrolecafe.com….

Dennis Gartman was on CNBC yesterday explaining with his unique brand of arrogant stupidity that the trend in gold has changed (to down). Contrary to DG’s ignorance, I’ve been telling colleagues that the current period of time is strikingly similar to the period from July/Aug 2005 to May 2006, when gold staged a 35% move … Continue reading

The July silver open interest increased by 31 contracts on Friday. Those people wouldn’t be buying unless they intended to take delivery AND they couldn’t buy unless their account was funded for the amount needed to take delivery. I don’t scrutinize the o/i like this every month, but I have never noticed open interest increasing in … Continue reading

From UBS on Friday:  “Physical demand picked up Friday in the wake of gold’s test below $1200, with our sales to India the largest recorded since early January.” Tulving and Company – one of the largest coin dealers in the country – announced on its website that it had its busiest day ever last Thursday. … Continue reading

I’m not sure how anyone can look at this chart and not understand or believe that the Government, via the big bullion banks (JPM, HSBC, Scotia, Goldman etc) manipulates the precious metals market.  I could show examples of many charts that look just like this from the past 9 years: (click on chart to enlarge) Don’t … Continue reading

The bullish set up in silver (and gold) has turned insanely bullish. An astonishing amount of silver has been removed from the Comex warehouses over the past two weeks. Most of it from Scotia – who has unrefutedly been accused by many, including me, of operating a “fractional” bullion custodian operation – and from HSBC … Continue reading

The rush for money debasement around the world has escaped nobody’s attention, and as a result the one undilutable commodity (unless everyone demands physical delivery at the same time) gold has seen investors…..

One way to measure the potential investment upside of silver is to measure it against gold. Right now the gold/silver ratio is around 63.5. In the last couple years years it’s been in the 80’s and as low as 48…..

Everyone knows the concept behind a “fractional” banking system, right? You have $1 in deposits and you lend out $10. The Romans invented the concept and it is widely understood to have been one of the ingredients that led to Rome’s demise. As per the electrifying CFTC hearings on March 26, and a fact that … Continue reading