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The London Bullion Market Association (LBMA) is the world’s largest silver exchange. For the last nine consecutive months, the quantity of silver held in LBMA vaults have declined. The August 2022 report states that the vaults now hold only 916.5 million ounces of silver, the lowest total since July 2016. In November 2021, the LBMA vaults held 1.170.6 billion ounces of silver. Since then, inventories have fallen 21.7 percent. As dramatic a drop as that is, it becomes even more extreme when you consider only the LBMA inventories not owned by 13 silver exchange traded funds (ETFs) and the private...

"The current and open fraud regarding the paper gold price in the COMEX market is now as plain to see as the open desperation in the global financial system, which is unraveling in real-time all around us. As risk assets tumble foreseeably into bear territory before a headwind of deliberately rising rates, precious metals have seen headline-making falls as well **** But let’s get to the real heart of the matter, namely: Legalized paper gold price manipulation (i.e., fraud) in the COMEX market, a topic we’ve addressed more than once, here and here. As we’ve openly argued for years, nothing...

The silver markets are rigged. Every day. Every trade. Every option. Every derivative. The silver markets have been rigged since the early 1970's when Alan Greenspan introduced computer market trading systems to the world beginning the long term commodity market rigging operation. Greenspan's Golden Secret //www.roadtoroota.com/public/101.cfm Since that time there has not been a day when the silver markets have been "freely traded". Nobody, and I mean NOBODY, knows the true "Fair Market Value" of silver! But like all price suppression schemes, the silver manipulation must come to an end and we are on the brink of that moment. The...

Nationwide Air Force & Army COMEX communication GRID down exercise Friday 02/12/2016 http://blog.pwcares.org/?p=182 Amateur Radio Emergency Service, Events, PWCARES Air Force & Army MARS COMEX 2016/01/19 David Lane Air Force & Army MARS COMEX By: Clarence, K4CNM – (AAA3R3, Army MARS Region Three Operations Officer) The Air Force and Army MARS (Military Auxiliary Radio System) will conduct their first 2016 communications exercise (COMEX) from 7:00 am until 6:59 pm EST on Friday, 12 February. The scenario will be: there is no power, no phones (cell or landline), and no internet. Also, internet linked radio repeaters (such as D-Star) should not...

Tyler Durden 09/09/2015 Just over one month ago, when looking at the latest changes in registered gold held at the Comex ,we were stunned not only by the collapse in this series to a record low of just over 350k ounces or barely over 10 tons, but also by the surge in "gold coverage", or the amount of paper gold claims on physical gold, which exploded to a record high 124 per ounce. This is what we said on August 3: While on its own, gold open interest - which merely represents the total potential claims on gold if exercised...

Curious why over the past few months JPM has quietly been accumulating a substantial amount of eligible physical gold (even as its registered gold inventory is the lowest it has ever been at just 87K ounces since December 13, 2013 when 147K ounces of gold was withdrawn - keep that date in mind for a few minutes)? This may have something to do with it: moments ago the daily Comex gold vault report confirmed what many expected, namely that the JPM accumulation was merely in advance anticipation of major withdrawals. How major? Well, on January 23, JPM saw 321,500...

China National Gold Group Corporation General Manager Sun Zhaoxue has come out and told the world media that the US is suppressing the gold price. The reason for America’s manipulation of gold is to ensure US Dollar dominance on the world stage. America has by default ended up with the world’s reserve currency and therefore gets the world to work for them in exchange for an ever increasing supply of printed greenbacks. He also went on with an excellent analysis of America’s war against Europe and the Euro using their investment banks. Another good insight from Sun Zhaoxue is that...

On The Forced Sale...Via Ross Norman of Sharps Pixley,The gold futures markets opened in New York on Friday 12th April to a monumental 3.4 million ounces (100 tonnes) of gold selling of the June futures contract in what proved to be only an opening shot. The selling took gold to the technically very important level of $1540 which was not only the low of 2012, it was also seen by many as the level which confirmed the ongoing bull run which dates back to 2000. In many traders minds it stood as a formidable support level... the line in...

... I watched this video in stunned disbelief. This man had a live streaming video from the Commercial Mercantile Exchange (COMEX) for the minute by minute trades. Silver contracts were selling higher and at about 1:40PM they started to sell off for no reason. Then at 2:03PM there was a trade for 50,000 contracts of silver sold. (This would lead anyone to conclude that the sale was known 23 minutes before it occurred.) This is not a typo. That is 50,000 contracts in one minute! If you are not aware each contract is for 5,000 ounces of silver. So if...

When we first started paying attention to the physical ("Registered") silver held in COMEX warehouses on April 20 following the explosion in the silver price, the total amounted to just over 41 million ounces. As of today, a short 6 weeks later, the total physical silver held throughout the entire Comex complex, has dropped by 30% over that period. As of close today, the total amount of Registered silver is now 28,773,375 ounces, a decline of 2.9% overnight from 29,636,513. This is due to a withdrawal of physical from both Brinks and Scotia Mocatta, as well as the ongoing reclassification...

COMEX warehouse data for 5/31 is out, and COMEX registered silver inventories are now officially below 30 million ounces, registering in at 29,631,268 ounces! As there were 31.1 million ounces of silver as of last Friday, this means 1.471 million ounces of silver were lost from COMEX registered silver supplies yesterday. It appears that most of this loss was not due to a withdrawal, but rather was due to an adjustment from Scotia Mocatta, which recorded an adjustment of 1,456,488 ounces from registered to eligible status! (Eligible silver does not qualify as inventory that can be delivered to longs).

While it appears that the COMEX will be able to survive May delivery in silver, Blythe and friends may not be able to kick the can down the road much longer. In 2009, total COMEX registered silver supplies were 87.4 million ounces. Fast forward to May 2011, and registered silver supplies are now 33.2 million ounces. This is a drop of 54.2 million ounces in registered silver supplies in 2 years, or an average drop of 27 million ounces/ year! Translation: the end game in the silver manipulation may well arrive in the next year.

At this rate, tomorrow, for the first time, we will see a 32 handle in Comex registered silver ounces, where apparently despite the massive drubbing in paper silver, demand for physical inexplicably persists.Speculators to be blamed for this in 5...4...3...

...It was reported that Blythe offered 50 percent premium. That was not even close in our case. We got over 80 percent premium. That's right. Over $50 per contract on the condition that our group sell all our contracts... These sets of facts from our traders lead us to believe that the paper price of silver may have a difficult time surpassing $36 because if the counterparty at the Comex is so willing to pay north of $50 to dissuade people from standing for delivery yet the paper price of silver is still under $35, then we suspect that losses...

My bet that by 2020 we will return to some form of gold standard is looking better. Something is up when gold is being hoarded to such an extent that the futures exchanges cannot fulfill with metal but have to try to stiff the contract holder with paper. Now, they have done this in the past, and gotten away with it, but according to this story, never so aggressively. Prof. Antal Fekete has been on this story for several months, and has set forth in some detail how the gold basis is being manipulated, perhaps because of hoarding. (The basis...

Hitmen Contracts to Bust Comex by Jim Willie, CB. Editor, Hat Trick Letter | May 28, 2009 Major dislocations are coming. Tremendous disruptions are coming. Price discontinuities are coming. Price chart patterns might be rendered useless soon. Last week, the case for a grand Paradigm Shift was made, covering many elements in order to paint a mosaic. Taken in isolation, any one point is important in its own right, but not enough to convince of a structural change. Taken in entirety, the many points create a full picture that is more easily recognized. The ruinous events of the Wall Street...

Is the Comex Doing Fractional Reserve Delivery of Gold? An acquaintance who works for a small precious metals fund sent this to us today, asking if we had ever heard of anything like it. The short answer is no, but this is not a strong area of specific expertise, and we never attribute to a bad intent what we can attribute to sheer incompetency, especially when dealing with large organizations. When one is promised specific bars with specific serial numbers of a specific size and weight one week, and they are not available the next week when you confirm that...

There is no other leveraged commodity market where short sellers increase their positions, materially, as the price rises, and increase them even more when prices are exploding, except gold and silver. The reason traders don’t normally do that is that it exposes short sellers to unlimited liability and risk. Yet, in both March and July 2008, and on countless occasions over the past 21 years, vast numbers of new gold and silver short positions were temporarily opened up, with the position holders seemingly unconcerned about the fact that precious metals had just risen exponentially, and that there was a very...

Well, today was a pretty good day for people who wanted to stock up on a little bit of gold and/or silver as a hedge against the idiots in Washington, DC. Not a good day for people who bought it last week in expectations of 'making a killing' with an expectation of it skyrocketing today..... Although there is still the rumor of the COMEX default happening either tomorrow, or next week to keep the 'get rich quick guys' drooling. I don't know enough about it to have an opinion either way, but here is one article that talks about it...

While precious metal prices have fallen from the record high levels set earlier this year, most, if not all dealers, are experiencing shortages, and retail buyers are finding it harder to obtain gold and silver coins.The U.S. Mint, which never ran out of supply before, has sold out of its 1-ounce gold and silver coins, and the refining company that mints the South African Kruggerand gold coin announced it also had run out of supply."Gold and silver bullion is not coming in at a pace we need to satisfy customer demand," said Eddie Lowy, owner of Banner Coin Exchange...