I have been wondering for at least 6 months "will this be the month?" Bill Holter seems to believe this is the month and I have to agree.
http://www.globalresearch.ca/a-major-international-monetary-crisis-is-looming-the-suppression-of-gold-and-silver-is-comex-being-cornered/5416111"This coming Friday is the 1st notice day for both Dec. COMEX gold and silver contracts. COMEX in my opinion has a potentially huge problem where a default in both contracts is a distinct possibility! As of this past Friday, 61,763 contracts still open, this represents 308 million ounces of silver. The COMEX claims a registered (deliverable) inventory of just under 65 million ounces. With only four days left there are roughly 5 silver ounces contracted for every one ounce available!
The situation in gold has quietly become much worse than silver, there were 162,509 Dec. gold contracts open which represent over 16 million ounces of gold. The “registered†(deliverable) category at the COMEX inventory shows only 868,910 available to deliver! Do you see the problem here? There are only 4 days left until this contract goes into the delivery process, yet there are 20 ounces contracted for each ounce available! I have one other amusing thought for you, remember the 80 tons sold in 15 minutes last Wednesday? This was almost 2.8 million ounces compared to a deliverable inventory of just 869,000 ounces, in my opinion, â€FRAUDULENT†in capital letters!"
Brilliant analysis Mr. Holter. I agree fully and we will find out within the next couple hours. Remember that the Swiss referendum is set for a vote Sunday also. All the ducks seem to be sitting in a row.
