Discover and read the best of Twitter Threads about #comex

Most recents (18)

1/Why are #gold and #silver inventory levels at the #Comex continually declining?
Is it due to overwhelming physical demand? If so, why are premiums on physical products collapsing?
Likewise, if demand is falling, why are prices rising?

Let’s dig in…..
2/Gold and silver demand has been strong throughout 2022. Futures action on global exchanges has seen large buyers in early 2023. This has forced prices higher. With prices higher, we have seen a noticeable slowdown for physical products.
3/With the addition of new 2023 dated coins, this over supply has collapsed premiums. There is no shortage at the moment of physical inventory.
Read 13 tweets
#srebro #Comex #shortsqueeze
Gdy nie wie się jak zacząć, najlepiej rozpocząć od początku. Czytam zatem twity o srebrze, będąc absolutnie świadomym sposobu działania Wall Street Bets w przeszłości w kontekście Game Stop oraz romantycznej legendy wojowników jaką im dorobiono.
Zdaję sobie też ze sprawy narracji jaka towarzyszy kruszcom. Zapewniam szanownych czytających że rozbierałem ją na czynniki pierwsze nie raz. Poniższe będzie zatem pisane z perspektywy kogoś kto w temacie siedzi, lubi metale i jednocześnie umie podejść do nich z rozsądkiem.
11 listopada zamknęliśmy Comex ze stanami 35 mln oz registered i 263 mln eligleble.

Registered są zarejestrowane w magazynach zatwierdzonych przez Comex i najkrócej można je wytłumaczyć jako należące do giełdy Comex. Są w obrocie, to na nie składa się zamówienia. W skrócie.
Read 27 tweets
4 RICO not suave
#JPMorgan traders
go on trial today🧵


US DoJ claims PM mkts 'were' criminal
JPMorgan still dominates US precious metals derivative mkt share

This topic is way deeper than mere greed

- -
2 Bloomberg reporters tagged below Image
💣former London gold trader
precious metals mkt makers increasingly use unsecured derivatives to subvert mkt forces, now decades running:…
"Once investors swallowed this stupefying pill it was easy to sell them gold that simply didn’t exist." Image
paid a paltry $920 million fine
for the US Department of Justice's 8 yr RICO precious metals rigging indictment 2008-2016

US Office of the Comptroller of the fiat Currency
often known by the acronym OCC just acknowledged Q1 22 that +90% of PM derivatives = JPMorgan/Citi Image
Read 31 tweets
1/ Could the #LME #nickel fiasco happen to the #Comex #gold and #silver market?

On my recent Twitter Spaces with @PalisadesRadio I mentioned that we may have a problem with current and future availability of gold and silver bars from the expanded refiner list.

Please retweet!
2/ Back in 2020, the #CME expanded the list of approved refineries whose bars are eligible for good delivery to the Comex. This was due to overwhelming demand for physical product and to maintain an orderly market.…
3/ 51 #LBMA approved gold refineries had been added to the eligible brand list for the COMEX 100 (GC 100) gold futures contract. Of the 51 refiner brands, the top countries represented are 12 refineries from China and 7 from Russia.
Read 18 tweets
1/ Ever wonder how Commodities melt up in price? Or How prices of #Gold and #Silver blowout between New York and London? #LME

Please retweet to help others learn.
2/ For many buying physical #preciousmetals, the London price is the primary market for pricing transactions. Although the New York Commodity Exchange (#COMEX) is widely reported and publicly available, this is a derivatives market
3/ How these markets differ can be defined by their users. London’s market provides a pricing mechanism for the physical investor, producer, user, fabricator, etc around the world. The Comex was designed as a hedging market.
Read 18 tweets
Sauf improbable coup de théâtre, la nomination de @Cheydema à la tête d'@orange devrait être annoncée dans les tout prochains jours

Auj patronne Europe de @SchneiderElec , les conditions de son départ et de son arrivée doivent encore être précisées

Cela portera à TROIS, le nombre de #femmes à la tête d'une #entreprise du #CAC40

@cathmacgregor chez @ENGIE depuis le 1er janvier 2021
@Estelle_Veolia chez Veolia à été nommée début janvier 2022

#Mixité #Diversité #ÉgalitéFH #Empowerment #RoleModel
✅La part des femmes à la tête des plus grands groupes mondiaux cotés en Bourse reste faible mais progresse

⚠️Sauf en France qui accuse un important RETARD, selon une étude publiée en novembre 2021 par le cabinet @Heidrick & Struggles

Read 4 tweets
#Silver #Comex #shadowcontracts #Update!

Nailed it.

Benefit of experience boys. If you were wondering why shadowcontracts continued in Silver; This is why.

They knew.
#silversqueeze #WSS #Wallstreetsilver #PSLV $PSLV #PSLVChallenge #Fintwit @WallStreetSLVR @Galactic_Trader
With 28k on the docket, probably reducing to -19,5k/-20k on the final report, they're about 10k away from their previous high, with today and tomorrow to go to roll over.


Today, the 24th, is of the biggest import.
As i said, the biggest rollover day happens 2-3 days before the end. We just had it.

Under normal circumstances, i would imagine anywhere between 3 to 8k rollover today and then 2-3k tomorrow, putting final delivery around 15k - Quite substantial but probably not enough.
Read 6 tweets
#Silver #Gold #Platinum #Comex #Shadowcontracts UPDATE!

#Silversqueeze/#PSLVChallenge edition!

With interesting data on $PSLV and $SLV shorts. Data first, analysis below! 👇

#WSS #Wallstreetsilver #PSLV #goldsqueeze #platinumsqueeze #Fintwit @WallStreetSLVR @Galactic_Trader ImageImageImageImage
First the one everyone wants to know: #Silver.

77 shadowcontracts, meaning +385,000 ounces found and put up for delivery *this month*, before the delivery wall hits in just a few days. Calendar says "last day of delivery 26th of February" - these ounces will be delivered by then
Preliminary rollover of -10,8k which'll go up to ~-11,5k in the final report. I've seen these numbers before and it was expected, the question is, is that gonna happen more?

To hit the previous record of ~16k, they need to shed another ~32k contracts in 4 days.
Read 21 tweets
IMPORTANT‼️ Read article in thread from Sprott

“ One day soon, a customer will arrive at one of these locations and demand immediate delivery of the "physical metal" they have been led to believe they hold in their unallocated account....


#Silver #Physical #silversqueeze
2/2 #Silver #PhysicalSilver #SilverSqueeze

“When that customer is then told that their metal is not on hand and that they must wait 90-120 days for delivery, an old-fashioned bank run will follow.”…
“Thus, it is again time for every investor in precious metals to understand that there is only one way to force a change in the pricing system. Only direct acquisition of physical gold and silver can accomplish the changes we desire. And why is this? “ .....
Read 5 tweets
#Shadowcontracts #gold #silver #PLATINUM update!!!

ALERT! 🚨🚨🚨

You guys remember me writing in my article (I HAVE A WEBSITE goddammit) that i had 1 screenshot of the same happening in Platinum futures?

Here's that screenshot. Compared to today.

Somebody's gained weight. ImageImage
As you can see, since June 30th, 335,584.068 total #platinum ounces have been added to the #Comex. Current value; $312,948,922.61.

Broken into categories, Registered has grown from 177,615.278 ounces to 481,153.049 ounces; a flat increase of 303,537.771 - +170.89%.
During that same timeframe, Eligible has increased from 108,551.903 ounces to 140,598.200; a flat increase of 32,046.297 ounces - +29.52%.


Read 8 tweets
Time for a BIG thread and for me to return to where i made my bones: #Covid19.

This time with a prediction that will end up hurting A Lot:

#Europe will stay in lockdown until March/April 2021. If it doesn't, the virus overwhelms hospitals and forces a lockdown anyway.

1/x (50)
First, some background, as i know many of you are new to the channel (Welcome!!) and to show i'm not "just some guy on twitter".

While you probably found me because of #silver or #Tether, I made my bones correctly predicting #Covid19 would turn pandemic.

Around January 11th 2/x
Before the Virus, i was trying to become an inventor. On the 7th of January, me and my Russian friend had just ended up with a quote of about 15k to build an app i designed - but we were broke.

The plan became for me to sell a small invention to raise capital for an alpha. 3/x
Read 50 tweets
I wanted to QT this together with today's #Comex #Gold and #Silver #Shadowcontracts update because it's related;

I think (early data, not sure) they're closing the shorts in preparation for the Failure of Comex in December; And they're using silver to run cover for gold 🚨
November 10th data is quite interesting you see. We're in the midst of rollover, so we would expect to see contracts disappear. Since both #gold and #silver roll over, both should reduce OI.

This certainly happens, especially on the 9th with such a big drop on the vaccine news.
But on the 10th, price went sideways the entire day. So does that mean no contracts where lost?

No. In fact, on the Prelim report, 8,224 (8750 on final) contracts worth 822,400 ounces of #Gold where closed. But #Silver went up with 1,778 (1620 final) contracts. 8,9Moz of metal. ImageImageImageImage
Read 10 tweets
It's here! The long awaited sequel;

The Definitive September #COMEX #Silver #Shadowcontracts thread!

The amount of Shadow contracts this month has surprised even me.

NONE of the numbers make sense anymore!

So the Theme of this month will Be;

Let's start with clarification.

#Shadowcontracts don't have to be delivered on the same day, though #Comex doesn't display those numbers exactly.

Within 24 or 48 hours is enough to not-make-sense in a #FUTURES market. What about contracts made 15 minutes before closing? 2/z
It makes NO sense that in a #FUTURES market, On Monday the 28th of September, 47 contracts where made that HAD TO BE delivered on September 29th.

That was the Final September delivery date. All September 20th contracts HAD TO BE DELIVERED BY THAT DATE.

Why not wait 1 day? 3/z
Read 34 tweets
Government #gold #silver price manipulation

-explained by #Gold Anti-Trust Action Committee (#GATA) during #SilverFest

-refer thread for selected sound bytes

1/ “When GATA got started in 1999 nearly all market participants insisted that the #gold market was not being manipulated... Today most respectable market participants acknowledge that most markets are indeed manipulated by governments”
- 06:10
2/ “In 2001 our consultant extracted from an assistant US attorney that the $Gold Reserve Act of 1934... does indeed empower the US Government to rig the #Gold market
- 05:23
Read 16 tweets
We are nearly a month later and BOY IS IT WORSE then i thought.

The Definitive August #COMEX #Silver #Shadowcontracts thread!

Summarized; I know I'm right now. The patterns that emerged this month have been enlightening.

COMEX. Is. Dead.

Picture first explanation later! 1/y Image
I would highly recommend first reading the other thread. But just to summarize; #Shadowcontracts are the contracts that are created, then delivered, on the same day.

This means that open interest goes up by 1, then down by 1, meaning there's 1 delivery to 0 OI change. 2/y
So if open interest changes by -10, but there where 15 deliveries, there where 5 #shadowcontracts.

Open interest being below the number of deliveries isn't a problem, it should simply never be above it.

As shown in the picture, It adds up to quite a few ounces. 3/y
Read 33 tweets
ALRIGHT it's here! The definitive Thread about #COMEX #Silver #Shadowcontracts starting to appear in July.

Picture first, explanation below. It's cobbled together from daily screenshots from their site… where you can check daily futures volume. 1/x
First off, small apology about missing a few days of final reports; i drew the short straw on long term #covid19 effects and it's been a rough year. Never the less it's accurate enough.

Let's start with the basic question: What do i mean by #silver or #gold #shadowcontracts? 2/x
By that i mean a contract for delivery on the #COMEX that is created - and delivered - on the same day. It's my explanation for why the open interest change doesn't line up with the deliveries.

I want to stress i don't know this, it's just the only logical explanation left. 3/x
Read 47 tweets
#GOLD #goldetf #Bullion #ETF #goldprice #comex

the alchemy of " gold price exposure" was created in 1974 for the express purpose of managing price in lieu of physical metal supply. The London Gold Pool had collapsed in 1968
and Nixon had suspended the dollar's convertibility into gold in 1971.
Absent of new physical sources to control price, investment products were soon created as vehicles for the purpose of siphoning off physical investment demand, Of course, it's not just futures/derivatives contracts that serve as gold price exposure
Read 14 tweets
#COMEX #GOLD potential Bottom formation.

(view negate below $1450) Image
Naa ye girr raha hai.. naa baddh raha hai.. sirf tadap raha hai..

#Bullish view intact in #Gold
SL $1459 Image
#GOLD - finally coming out of consolidation.. Maintain #Bullish view for a new 52 week expectation. SL $1465 Image
Read 5 tweets

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