Comex Default for Gold and Silver Finally at Hand for December? Looks Like It May Finally Be the Month! | WHAT REALLY HAPPENED

Comex Default for Gold and Silver Finally at Hand for December? Looks Like It May Finally Be the Month!

If you are in the least bit interested in metals - gold and silver than Harvey Organ's Blog is a must read! Every day he will put out the numbers of the Comex and today he gave the best news I have read yet about metals!

He says a Comex Default looks to be at hand!! The amount of orders standing for delivery for the month of December is much more than the Comex has officially listed on hand!

Also, remember the shorts on metals, especially J.P. Morgan has on silver is Huge! They have to cover their shorts for those who are standing for delivery! How will they do this? Considering the millions of ounces standing for delivery in December? Bet they will be calling those longs and offering a huge percentage over the long value order in cash, instead of physical.

Webmaster's Commentary: 

Except that the cash is pouring out of Bernanke's printing presses and cannot hold its value at all. Plus, COMEX will cover the losses by asking for a bailout, which means sticking YOU with the losses from their fraudulent over-selling of gold and silver contracts.

Assuming they are not all tungsten, I expect the US Government to use gold bars from Fort Knox to cover those COMEX longs not willing to accept cash for the metals they thought they were buying, but there is probably not enough silver metal available to cover the silver shorts.

Even if COMEX persuades the holders of those metals contracts to accept a huge cash payout (on the taxpayers back) to get them off the hook, international trust in the US financial markets will take a major hit when this all comes down!

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