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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (15433)	12/12/2008 2:32:43 PM
From: benwood	1 Recommendation Respond to of 71400

This game the Feds are playing is like pulling a trailer and driving too fast downhill. The trailer starts to whipsaw, and if you are lucky, all you need is a change of shorts. But more likely, you need a change address (possibly Heaven, but more likely Hell).

To: Real Man who wrote (15433)	12/12/2008 10:07:10 PM
From: Secret_Agent_Man	2 Recommendations Read Replies (2) \| Respond to of 71400

Times might change soon. I received a call this morning from a commodities broker who told me the Comex is alerting various futures firms about the potential of a squeeze on the December contract and is advising the 840 December shorts to exit their positions. That is the remaining open position. There have been 12,636 notices of delivery. The shorts have until December 31 to make delivery. Normally, they deliver early to take in cash and earn the interest. They must be delaying. As I understand the situation, that represents about 40% of the available gold at the Comex, and of course, someone could enter the scene late, buy Feb gold, and then spread into December, which would stun the shorts. My broker friend said his back office said this sort of alert is highly unusual and that the concern is real, not only for gold, but other commodities too like copper and palladium, as there is a good deal of talk of taking deliveries there too. But gold is the one in which the advice to cover went out. This is an extremely productive development and could spur the price of gold up quickly as word spreads. As we all know, buying Comex gold and silver (the cheapest way to buy precious metals) makes all the sense in the world in this financial environment. On a related note… Silver… Bill, I have been watching the COMEX silver warehouse inventory. It has been dropping between 500,000 and 750,000 per day for the last few days. Yesterday 701,900 ozs were removed of which 693,808 ozs were from the dealers’ registered inventory. The total inventory now stands at 126,826,996 ozs and the dealer registered inventory is 77,756,068 ozs while the eligible inventory is 49,070,928 ozs. Just last week the registered category was above 80 Mozs. Delivery notices currently stand at 29.5 Mozs for December which, if taken off the exchange, will take a big hole out of 77Mozs! Cheers Adrian GATA