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Comex Gold Inventories Collapse By Largest Amount Ever On Record

951 views 12 replies 10 participants last post by  Wolf mom  
#1 ·
Something is going on people. this gold thing is really screwed up

[FONT=Verdana, Arial, Helvetica, sans-serif][SIZE=+2]Comex Gold Inventories Collapse By Largest Amount Ever On Record

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[/FONT][FONT=Arial, Verdana, Helvetica, sans-serif]By Tekoa Da Silva [/FONT]
[FONT=Arial, Verdana, Helvetica, sans-serif]A stunning piece of information was brought to my attention yesterday. Amid all the mainstream talk of the end of the gold bull market (and the end of the gold mining industry), something has been discretely happening behind the scenes.[/FONT]
[FONT=Arial, Verdana, Helvetica, sans-serif]Over the last 90 days without any announcement, stocks of gold held at Comex warehouses plunged by the largest figure ever on record during a single quarter since eligible record keeping began in 2001 (roughly the beginning of the bull market). See chart below.[/FONT]
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[FONT=Arial, Verdana, Helvetica, sans-serif]Total drainage of physical inventories reached nearly 2 million oz.’s of gold, which at today’s prices represent roughly $3,000,000,000 dollars. [/FONT]
[FONT=Arial, Verdana, Helvetica, sans-serif]According to chart sage Nick Laird, this data indicates that, “Eligible stocks which are owned in LBMA/Comex good delivery form are being drawn down—which means they are being removed from the warehouses. As to how and why they are [being] removed, that is a mystery. [Up until now], eligible stocks were on the continual increase throughout the bull market. Now that trend has changed.” [/FONT]
[FONT=Arial, Verdana, Helvetica, sans-serif]What is most interesting in reviewing this chart data, is seeing where the largest drops have occurred. The largest inventory drainage is being reported from JP Morgan Chase & Scotia Mocatta warehouses. See charts below.[/FONT]
http://news.goldseek.com/GoldSeek/1365538557.php
 
#3 ·
the elitists are crashing paper gold so they then can use that price to buy physical gold.

the mint already has announced limited amount of silver to the public.
 
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#5 ·
My take is a lot of insiders know this is about to come apart SOON and are covering their rears just t like they did in Cypress. Its jut a matter of how long they can play make believe in the market and that aint for long.
 
#6 ·
I'd lay money on this; Comex never had real physical gold to stockpile and/or sell. All they had was worthless paper certificates which were printed as they found suckers willing to buy into the smokescreen. They have been found out and the truth about the "gold certificates" is becoming known.
 
#7 ·
for the most part- I am so glad I am dirt poor- no worrying about anyone taking what I don't have- I think it is prepping - I know how to do without- it is interesting to watch this though- people are so scared to loose money- me for one- i think a good piece of prepper knowledge is knowing how to do with out- we will be the rich ones when this all crumbles
 
#8 ·
More and more red flags are flapping in the breeze. Germany pulling their gold out of New York was one. The info that came out about the Cyprus gold. I thought even Texas had some gold they were getting returned but I can't find that info now.

I think the world gold inventory is contaminated with tungsten, meaning the real inventory of gold is unknown. Add the obvious manipulation of the price by some of the big players, the coming collapse of the the worldwide financial house of cards, the obvious inflation and the writing is on the wall. We'd be lucky of we were only looking at a SHTF situation. I'm thinking of hundreds of F6 tornados hitting a manure lagoon the size of one of the Great Lakes.
 
#9 ·
the system is staggering for sure.....heres a fact i read in national geo mag years ago....all the gold that has ever beem mined in the history of the world only equals 11 or 12 plympic size swimming pools filled.thats not a lot when you think about it.

i cant remember where i heard it from but if you put a value on all the earths resources...gold,silver,timber,coal,oil etc....that it doesnt equal in value the total debt of all the nations of the world.when you think about that its proof positive we as a world cant continue to play the current system and ever get out of debt.its gotta reset somehow to continue on.
 
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#10 ·
for the most part- I am so glad I am dirt poor- no worrying about anyone taking what I don't have- I think it is prepping - I know how to do without- it is interesting to watch this though- people are so scared to loose money- me for one- i think a good piece of prepper knowledge is knowing how to do with out- we will be the rich ones when this all crumbles
one day all that will matter is owning a bit of land,a garden and a flock of chickens.99.9% of humans that have ever lived down threw the ages have been peasants.
 
#11 ·
I'm thinking of hundreds of F6 tornados hitting a manure lagoon the size of one of the Great Lakes.
Get your sawdust piles ready, folks !

We're in for one swell of a composting opportunity !!! :bouncy:
 
#12 ·
I really have a problem with those that trade bucks for a "piece of paper" that says that it is worth 1oz. of gold . . . . . . . . .

As has been said the international ganksters (bank) manipulation of the market is not in "our" favor..........
 
#13 ·
Listening to a money talk show yesterday, there is no mystery as to why this is happening. They were saying it's because of gambling with the futures market in gold. Actually, they were saying it's China that's taking the gold and somehow they tied it in with our Bond market that will be going belly up if it continues.

Wish I had been listening more to give a better explanation....Maybe someone can flesh this out .