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The COMEX will default in the next week or several weeks
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<p>[QUOTE="InfleXion, post: 1697730, member: 29012"]This is the best I can do for now. </p><p><br /></p><p>April 9, 2013:</p><p>Comex Gold Inventories Collapse By Largest Amount Ever On Record:</p><p><a href="http://bullmarketthinking.com/comex-gold-inventories-collapse-by-largest-amount-on-record/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://bullmarketthinking.com/comex-gold-inventories-collapse-by-largest-amount-on-record/" rel="nofollow">http://bullmarketthinking.com/comex-gold-inventories-collapse-by-largest-amount-on-record/</a> </p><p><br /></p><p>April 24, 2013:</p><p>Comex Physical Drain Accelerates—With Over $7.8B In Gold Disappearing From All Depositories:</p><p><a href="http://bullmarketthinking.com/comex-physical-drain-accelerates-with-over-7-8b-disappearing-from-all-depositories/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://bullmarketthinking.com/comex-physical-drain-accelerates-with-over-7-8b-disappearing-from-all-depositories/" rel="nofollow">http://bullmarketthinking.com/comex-physical-drain-accelerates-with-over-7-8b-disappearing-from-all-depositories/</a> </p><p><br /></p><p>I'm not saying there will be a default. I'm not supporting that statement by the OP. I am simply saying that gold is the primary indicator at this time more so than silver, so I do not think looking at silver inventories is the best approach to gauge the current risk of default. </p><p><br /></p><p>I do expect silver to reach a shortage before gold, but people who buy silver are little fish. That's why the dealer inventories are running low and premiums are high. Gold is for big fish, so gold premiums at the dealers are still relatively low, because those people are pulling it off the exchanges instead.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1697730, member: 29012"]This is the best I can do for now. April 9, 2013: Comex Gold Inventories Collapse By Largest Amount Ever On Record: [url]http://bullmarketthinking.com/comex-gold-inventories-collapse-by-largest-amount-on-record/[/url] April 24, 2013: Comex Physical Drain Accelerates—With Over $7.8B In Gold Disappearing From All Depositories: [url]http://bullmarketthinking.com/comex-physical-drain-accelerates-with-over-7-8b-disappearing-from-all-depositories/[/url] I'm not saying there will be a default. I'm not supporting that statement by the OP. I am simply saying that gold is the primary indicator at this time more so than silver, so I do not think looking at silver inventories is the best approach to gauge the current risk of default. I do expect silver to reach a shortage before gold, but people who buy silver are little fish. That's why the dealer inventories are running low and premiums are high. Gold is for big fish, so gold premiums at the dealers are still relatively low, because those people are pulling it off the exchanges instead.[/QUOTE]
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The COMEX will default in the next week or several weeks
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