Gold Miners offering value?
Commercial Traders Historically low short positions
GOFO extremes
Dramatically Changing "cover" ratios on the Comex
Comex Inventories
Some Food for thought here on what may be happening in the gold market
http://www.mauldineconomics.com/ttmygh/what-if
http://www.jsmineset.com/2013/07/23/in-the-news-today-1607/
http://www.jsmineset.com/2013/07/22/comex-must-change-its-delivery-mechanism-soon/
http://www.gotgoldreport.com/2013/06/bud-conrad-jp-morgan-comex-gold-stocks-in-deficit-.html
http://www.businessinsider.com/art-cashin-gold-backwardation-conspiracy-2013-7
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/22_Here_Is_The_Reason_For_Golds_Massive_Surge_Above_%241%2C300.html
http://www.gold-eagle.com/article/comex-registered-gold-inventories-plummet-shorts-may-be-forced-cover-fast
http://bullmarketthinking.com/hinde-capital-sentiment-towards-gold-is-of-total-disgust-and-it-often-pays-well-to-be-contrarian-of-the-extremes/
But beware.........
http://kiddynamitesworld.com/precious-metals-charlatans-freaks-of-the-industry/
Bullion Vault doubt the Comex shortage issues
http://goldnews.bullionvault.com/comex-gold-stocks-072420136
But Jim Sinclair suggests the rate of change is important
http://www.jsmineset.com/2013/07/24/jims-mailbox-1320/
the bottom in gold is not based on a Comex default as there will be no default. Secondly, what makes anyone think the Comex will wait to go to zero ounces in order to change delivery conditions? What counts is not absolute level, but rate of decline. Only someone without any real experience as a member of the exchanges would come up with the soft opinion you quote.
Mike shedlock is positive on gold and the miners but sceptical of backwardation alarmism
http://www.safehaven.com/article/30592/gold-backwardation-conspiracy-nonsense
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