COMEX Hurtling Towards Default And People Will Be “Settled” With Dollars, No More Metal Will Be Delivered!


Comex Physical Drain Accelerates—With Over $7.8B In Gold Disappearing From All Depositories

As the headline battle between paper sellers and physical buyers of gold escalates, something eerily strange is continuing behind the scenes.

As first reported here on April 9thComex gold inventories have been plummeting, demonstrating the highest levels of physical removal ever during a single quarter in Q1, 2013.

Most shocking however, is that Comex warehouse inventories are accelerating their downward plunge, with dropping inventories now spreading to the world’s largest fund depositories.

Over the last four weeks alone, total reported inventories of ETFs, funds, and depositories collapsed by over 5.5 million ounces, or in dollar terms, by over $7,000,000,000 dollars.

http://bullmarketthinking.com/comex-physical-drain-accelerates-with-over-7-8b-disappearing-from-all-depositories/

This brings to mind important questions, such as…

-Why is there such a panic going on to remove physical gold from Comex registered warehouses and other depositories?

-Why did it begin before the collapse, and why does it now appear to be accelerating?

-Why is the multi-trillion dollar fund management industry denouncing gold, while it quickly moves inventory out of registered warehouses?

-Where is the gold moving, and what is it telling us?

-Is this wholesale migration signaling an imminent geopolitical or major market event?

 

SILVER DOCTORS:

The COMEX will default in the next week or several weeks and people will be “settled” with Dollars, no more metal will be delivered! So, knowing that “game over” has arrived, they are dumping a massive volume of paper contracts with impunity to push the metals prices as low as possible before the “default”. This way the “shorts” do not have to and will not be “covered” when “supply” cannot be obtained because of “an act of God”. They will be settled in cash (at a profit no less) because these “unforeseen” disruptions in supply. “Who could have seen it coming?” will be the mantra. I would suspect that banking stress and “bail ins” will also become prevalent globally. The pricing structure” will now push any and all physical sellers away from the markets and the “door” to safety is effectively being shut. Either you own metal or you don’t.

After the closure of the COMEX and LBMA doors there will be no availability and “price” will be meaningless.
 Your ability to protect yourself is right now for all intents and purposes being eliminated.

http://silverdoctors.com/force-majeur-was-the-end-game-all-along-comex-will-default-in-the-next-week/

ALERT NEWS FLASH DANGER TO U.S.A. COMEX Default According To Silver Doctors

In this MUST LISTEN interview, the Golden Jackass Jim Willie states that in the wake of the impending LBMA default that Andrew Maguire warned was in progress Monday, physical gold orders in size are being filled at the $2,000/oz price level, while the COMEX futures prices crashes and burns!

APMEX Silver Eagles Now As High As $10.49 Over Spot

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Update…The 1993 is now $11.49 over spot.

U.K. Royal Mint Gold Coin Sales More Than Tripled in April

http://www.businessweek.com/news/2013-04-24/u-dot-k-dot-royal-mint-says-gold-coin-sales-more-than-tripled-in-april

Link was found at Zerohedge…along with some of their comments.

 

Gold Retraces Half Of Record Plunge

With its biggest 8-day rally in 20 months, Gold having jumped another 1% this evening has just breached $1445 and retraced half of the record plunge from April 12th. It would appear that the record physical demand that we are seeing in every corner of the globe is indeed leaking back into the actual price of gold.

Spot Gold has retraced half of its record plunge losses…

http://www.zerohedge.com/news/2013-04-24/gold-retraces-half-record-plunge


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