Posted on 01/06/2009 6:47:07 AM PST by TigerLikesRooster
LOL. As if you would have any idea, never mind proof.
NYSE-Liffe has taken over the CBOT gold and silver trade
Whoopee. That market is so chickensh!t, the fact that CBOT metals are now at NYSE-Liffe went under my radar. Mainly because I don't trade mini contracts and couldn't care less about them other than when they're used as a vehicle to advance conspiracy BS like this. Probably a forced divestiture due to the CME buying up every exchange in sight. Comex is somewhere between 50 and 100 times as large a metals market as was the CBOT before CME bought them. NYSE-Liffe's had their tiny little niche for a month.
Anyway, so what? This is about a Comex hoax story. One that people like you seem to suck up like it was some sort of gospel.
The 1 kilo bars are the most popular format for consumer buyers, who want to take delivery.
And actual December deliveries on kilo contracts were what? 10? 50? 100? 1,000? How many? Cough up a number, you made the claim it was the "most popular" format.
It makes sense that NYSE-Liffe would start running out of the smaller bars of gold
Only if you're a conspirazoid.
All the futures exchanges are operating on the basis of fractional banking.
Once again, why is it so hard for people to understand that 99.99+% of all trades are entered into by people who have no intention of ever making or taking delivery and are liquidated long before delivery is an issue?
"Fractional banking" has absolutely nothing to with commodity exchanges. It only appears that it does to those with an unsophisticated and simplistic level of comprehension of futures trading.
I suspect, further, that their warehouse stock figures are heavily inflated and they have even much less than they list as warehouse “stocks”.
And I'm the Queen of England.
COMEX clearing members managed to crash the price of silver, through a host of corrupt tactics
Got any proof? Of course not. You're a conspirazoid, so you don't need any. A mere assertion is good enough for you. Not surprising, considering that you believe hoaxes.
Take delivery folks
LOL. Very few people out there in the "public" are dumb enough to take delivery of a kilo bar.
Doing so will force a vast rise in the price of gold and silver to their real valuation. Right now, we are allowing a deb of vipers and thieves in NYC to profit from periodically crashing prices using fake contracts for non-existent metal, with questionable warehouse reserves, and fractional banking.
Ah, yes, investment advice from someone who makes a big pile of unsubstantiated and ridiculous assertions based on absolutely nothing. No doubt gold was down 50 bucks in the last week due to the machinations of evil banksters and the corrupt vipers at the Comex.
Very funny stuff.
I thought you would say that. So the central thesis of the article is correct, despite your sneering insults. The Comex running a fractional system, and doesn’t really have all the gold they claim to have, and this doesn’t bother you. Fine. Glad you admit it. The fact that it doesn’t bother you is a separate issue, “irrelevant” to you, but at least you are admitting they ain’t got all the gold.
Ah, no, it's still BS. Do you think that because you have ignored facts for a few posts that they somehow disappeared?
The Comex running [sic] a fractional system
You obviously also have no understanding of how commodity exchanges function and have gone off into the never-never land of total fantasy. Repeat after me. Commodity exchanges are not banks.
[Comex] doesn’t really have all the gold they claim to have
Beyond the fact that you couldn't prove the contents or lack thereof in Comex warehouses if your life depended on it, are you really that dense?
"They" (Comex) own no gold. Every ounce deposited in a Comex-approved warehouse is owned by some entity, individual or corporate or otherwise. Comex couldn't care less who puts gold into storage or doesn't.
Are you so irrational that you think that there is a massive conspiracy to make Comex think that there are more ounces stored in their approved warehouses than there really are?
Guess what? If that was true, Comex couldn't care less that shorts might be squeezed as a result. They're just the exchange, they'd fire their auditors and hire new ones who could get it right. Too bad it's only a recurring dream of the conspirazoids.
Glad you admit it
Keep repeating your magic words if they make you feel better.
You remind me of tax protesters. They claim this, that and the other thing, but will never admit that the law contradicts their ridiculous positions and that they always lose, 100% of the time, in actual courts when it comes down to their liability to pay.
They still claim they are right as they wave good-bye on their way to prison, just as you refuse to see reality and instead suck up every stupid and idiotic conspiracy theory that comes down the gold pike.
It's good to see that you haven't tired of making a fool of yourself.
Is every bit of the gold they claim is there, actually there? It's a simple question.
Also: are you always such a miserable jerk? Do you get lonely in the Land Of Solitary Wretched Bastards?
Still tilting at windmills, eh?
Get on the stick, Sherlock. Call the auditors. Demand to see an accounting. It's your right as a crack-pot to act like a petulant child.
Land Of Solitary Wretched Bastards
Project much?
Go grind up some more arsenic, and wash it down with another caustic venom cocktail.
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