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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (56410)	1/8/2014 2:29:50 PM
From: FCom777	Read Replies (3) \| Respond to of 218772

Comex Gold Market - Very Interesting Came across the following commentary today and thought I'd probe a little deeper. Commentary: Andy Hoffman Meanwhile, it's now January 7th - i.e., seven days after the close of the December COMEX gold contract - and roughly 275,000 ounces are still standing for delivery, with ZERO movement from registered inventory. As it stands, registered gold inventory of 480,000 ounces is down 85% from last April. However, it should be closer to 200,000 ounces; and yet, no one is talking about it! I'm sure it won't surprise you that GOFO, or gold forward rates, have now gone into backwardation for three months - thus, implying extreme tightness in the physical markets. However, as the Cartel naked shorts PAPER metal with embarrassing blatancy, the world continues to ignore reality. Which, by the way, includes the fact that not only is the Fed not returning Germany's gold as planned, but the gold it is shipping is not even Germany's original gold! ------- End AH Commentary -------- The following plot shows the December Comex Open Interest for the final few weeks for 2008 thru 2013 contracts. Using the Dec 13 dates and plotting the other months by sequential days ... Very interesting that 790 contracts in fact remained to be delivered at the last trading day. This is far more than in previous years. Could this indicate cracks in the CME/COMEX armour. Doubt it. They along with friends control the media, rules, regulations, etc. What's there not to love about their position? Just another day at the CRIMEX ! Move along folks - nothing happening here ... no doubt this explains the price surge after the new year. but could this be a real chink ?????