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<p>[QUOTE=&quot;doug444, post: 2703267, member: 38849&quot;]This is current data from Dave Kranzler and his website: <a href="http://InvestmentResearchDynamics.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://InvestmentResearchDynamics.com" rel="nofollow">http://InvestmentResearchDynamics.com</a></p><p><br /></p><p><a href="http://InvestmentResearchDynamics.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://InvestmentResearchDynamics.com" rel="nofollow">&quot;...as of Friday the Comex is reporting 949k ozs of gold in the registered accounts of the Comex vaults and 9 million ozs of total gold.&nbsp; Yet, the open interest in paper gold contracts as of Friday totaled 41.7 million ozs.&nbsp; <i>This is 44x more paper gold than the amount of physical that has been designated – “registered” – as available for delivery.</i>&nbsp; It’s 4.6x more than the total amount of gold sitting on Comex vaults.</a></p><p><a href="http://InvestmentResearchDynamics.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://InvestmentResearchDynamics.com" rel="nofollow"><br /></a></p><p><a href="http://InvestmentResearchDynamics.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://InvestmentResearchDynamics.com" rel="nofollow">With silver the situation is even more extreme.&nbsp; The Comex is reporting 29.5 million ozs of silver as registered and 190.2 million total ozs.&nbsp; Yet, the open interest in paper silver is a staggering 1.08 <i>billion</i> ozs.&nbsp; 1.08 billion ozs of silver is more silver than the world mines in a year.&nbsp; The paper silver open interest is 5x greater than the <i>total</i> amount of silver held in Comex vaults;&nbsp; it’s an astonishing 37x more than the amount of silver that is available to be delivered.</a></p><p><a href="http://InvestmentResearchDynamics.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://InvestmentResearchDynamics.com" rel="nofollow"><br /></a></p><p><a href="http://InvestmentResearchDynamics.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://InvestmentResearchDynamics.com" rel="nofollow">This degree of imbalance between the open interest in CME futures contracts in relation to the amount of the underlying physical commodity represented by those contracts never occurs in any other CME commodity – ever.&nbsp;&nbsp; Historically, when the amount of paper exceeds the amount of underlying commodity that is available for delivery by more than 20-30%, the CFTC intervenes by investigating the possibility of market manipulation.&nbsp; But never with gold and silver.&quot;</a></p><p><a href="http://InvestmentResearchDynamics.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://InvestmentResearchDynamics.com" rel="nofollow"><br /></a></p><p><a href="http://InvestmentResearchDynamics.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://InvestmentResearchDynamics.com" rel="nofollow">Sorry about the underlining, I can&#039;t get rid of it.</a>[/QUOTE]</p><p><br /></p>

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