Jim Sinclair’s Commentary

CIGA JB Slear, the gold delivery man, shares his views.

Jim,

Here’s a quick update on the December COMEX open interest; Last week Monday, we had over 295,000 contracts held overnight. As of today’s data, there are 193,660 held overnight. Tomorrow is the last trading day for Dec Comex Gold, Monday next week will end the month of November, by then all open interest in December gold would stand for delivery (of course there are legitimate hedges in there too). December ’09 might be like December 1979.

Happy Thanksgiving.

JB Slear
Fort Wealth Trading Co LLC.
www.FortWealth.com
866-443-0868 Ext 104

Jim Sinclair’s Commentary

The following is a geological and geophysical discussions of a potential gold property provided by CIGA Rusty Bayonet.

Jim Sinclair’s Commentary

This phenomena anticipated by CIGA Eric will shift to heavier deliveries being taken from the Comex.

The day any futures exchange in silver or gold fails to make prompt correct delivery, there will be a run on all the gold and silver ETFs.

Gold Krugerrands Run Out
By CIGA Eric

Econ 101 teaches that when price is not a function of supply and demand that shortages will occur.  Alec Nevalainen, of http://www.coinflation.com suggests that we could quickly see a domino effect where other gold and silver bullion-priced products also become sold out. The paper price of gold and silver are simply too low to satisfy current demand. The frequency and duration of reported shortages are beginning to intensify. Spin, nevertheless, continues to ignore the message of the markets by telling us that the gold price is not manipulated.

"For some time, I have been warning that apparently plentiful supplies of gold and silver bullion-priced coins and ingots could quickly evaporate. Last Thursday we saw the first signs of a looming shortage of physical metals when just about all U.S. bullion wholesalers were unable to accept orders for the South Africa Krugerrand."

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