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Paul S
06-14-2011, 05:09 AM
In my judgment, the extreme measures taken by the US government to suppress gold and silver prices in late April and early May were signs that the COMEX and London Bullion Market Exchange were at heightened risk of default

those trying to hold down prices are running out of ammunition to do so :)

http://cnbusinessnews.com/gold-and-silver-prices-clobbered-repeatedly-hit-bottom-start-to-recover/

Dempsrus1
06-14-2011, 05:27 AM
Excellent article! The article did a great job of explaining the manipulation we have seen. Looks like China wants its citizens to continue to buy gold and silver. Thanks for posting!

Silver_Dragon
06-14-2011, 05:34 AM
People have been saying the COMEX will default for ages now, but it has never happened. O_o

Besides (correct me if I'm wrong), but the silver supplies in the COMEX only serve as a 'backup' - if someone wants delivery of physical silver, then it is the responsibility of the third party that sold that silver to deliver, not the COMEX. So say I bought one futures contract (5000 ounces) of silver, and JP Morgan sold me that contract. It is the responsibility of JP Morgan to deliver the physical silver to me, not the COMEX. The COMEX would only step in and give me 5000 ounces of their own stockpile in the event that JP Morgan defaults/bankrupts and is unable to fulfill their obligations. Please correct me if I'm wrong, as I am still learning. :)

Killionaire
06-14-2011, 05:39 AM
People have been saying the COMEX will default for ages now, but it has never happened. O_o

Yeah so I don't think it will happen either. I think it's just hype. I think the big coming "economic collapse" is just hype too.

ifionlyhadsomegold
06-14-2011, 06:02 AM
In my judgment, the extreme measures taken by the US government to suppress gold and silver prices in late April and early May were signs that the COMEX and London Bullion Market Exchange were at heightened risk of default

those trying to hold down prices are running out of ammunition to do so :)

http://cnbusinessnews.com/gold-and-silver-prices-clobbered-repeatedly-hit-bottom-start-to-recover/



i would agree for the most part. the thing is the bullion banks must first default and that may be what we are looking @ and the reason for down at any cost measures.

Paul S
06-14-2011, 06:14 AM
People have been saying the COMEX will default for ages now, but it has never happened. O_o

Besides (correct me if I'm wrong), but the silver supplies in the COMEX only serve as a 'backup' - if someone wants delivery of physical silver, then it is the responsibility of the third party that sold that silver to deliver, not the COMEX. So say I bought one futures contract (5000 ounces) of silver, and JP Morgan sold me that contract. It is the responsibility of JP Morgan to deliver the physical silver to me, not the COMEX. The COMEX would only step in and give me 5000 ounces of their own stockpile in the event that JP Morgan defaults/bankrupts and is unable to fulfill their obligations. Please correct me if I'm wrong, as I am still learning. :)



As part of the network of allies working on the suppression of precious metals prices, you need to understand some of the relationships. JPMorgan Chase is the lead trading partner for the Federal Reserve and Goldman Sachs is the lead trading partner for the US Treasury. These firms are intimately involved in helping the US government pass along orders to other trading partners about the execution of tactics designed to meet the goals of the respective agencies

Silver and Gold
06-14-2011, 06:34 AM
http://www.kitco.com/ipmijune2011/

Paul S
06-14-2011, 06:42 AM
http://truthingold.blogspot.com/2011/03/comex-goes-extend-and-pretend-on-jp.html

Prospector
06-14-2011, 07:30 AM
Professor Fekete explains a few things you ought to know about alleged shorts and manipulations and Comex defaults and why things are not what they appear to be.
http://www.24hgold.com/english/news-gold-silver-Putting-Loincloth-on-the-Naked-Bogeyman.aspx?langue=en&article=1308939452G10020

mrgneiss
06-14-2011, 08:33 AM
Although I disagree with Feteke about manipulation, here's an interesting article on COMEX issues, a must read for those interested in COMEX issues:

http://www.gold-eagle.com/editorials_08/jordan061211.html

Johnnyzed
06-14-2011, 12:34 PM
Professor Fekete explains a few things you ought to know about alleged shorts and manipulations and Comex defaults and why things are not what they appear to be.
http://www.24hgold.com/english/news-gold-silver-Putting-Loincloth-on-the-Naked-Bogeyman.aspx?langue=en&article=1308939452G10020

Thanks for that link. A very good article that supports what I have been seeing in my research. There is currently no silver shortage, but that does not mean there will never be one.