Below you'll find everything that has been published on EPJ for the week ended Friday January 10, 2014. The hottest posts for each day are highlighted in red.
Friday 1/10/14
- Class-Action Suit Filed Against Christie
- Rachael Maddow's Alternate Theory on Why Christie's Team Jammed Up Traffic
- Target Now Says 70 Million People Hit in Data Breach
- Health Insurance Specialist: Ron Paul Is Correct,ObamaCare Could Fall Apart On Its Own
- BREAKING: Obama Preparing to Nominate Stanley Fischer, Lael Brainard and Jerome Powell to Federal Reserve
- A Disturbing Trend Among Young Austrians
- ALERT The Existential Threat to Bitcoin Its Boosters Said Was Impossible Is Now at Hand
- Jerry Brown's Tax-and-Spend Games
- "Libertarian" REASON Magazine Calls Jenny McCarthy an 'ENEMY OF FREEDOM' for Daring to Question Vaccines
- San Francisco’s New Gold Rush
- Raimondo Reduced to Begging Rand
- How to Avoid Becoming the Victim of a Fake Gold Coin
- Leno: ‘Now That Christie Is Denying Everything He Sounds Even More Presidential’
- Christie’s Aides Should Have Used Snapchat
- Obama's Latest Fed Nominee is/was a Socialist Zionist
- Hitler's Economics & Why You Should Know A Thing Or Two About Them
- Judge Napolitano: Gov. Christie Could Face a Series of Federal and State Charges
Thursday 1/9/14
- A Report on China's Ghost Infrastructure
- Has Robert Gates Become One of Us?
- Price Inflation (NBA Edition)
- Chris Christie Meet Eliot Spitzer and Anthony Weiner
- Brilliant Teaching about the World Wars
- BREAKING: Chris Christie Fires Bridget Kelly
- End of Year Report from Laurence Vance
- Walmart Shoppers Greeted By Traffic Tickets
- DISGUSTING: Rand Paul at the White House Today with the President
- Christie Pal Pleads The Fifth
- REVEALED: Major Hollywood-CIA Connection
- “Money Flows to Me.”
- Huffington Post in Serious Attack Mode Against Chris Christie
- Overstock CEO: I May Accept Bitcoins But I Am Not Holding On To Them
- Violence Threatens to Thwart Iraqi Oil Resurgence
- The Worst Government Toupee Ever?
- UGLY: Mitch McConnell and Rand Paul Stood with Obama at the Announcement of Promise Zones
- On This Day in 1776
- Chinese Zillionaire Who Wants To Buy NY Times Has Awesome Business Card
- The Forgotten Man ("War on Poverty" Edition)
- Allen Iverson, Who Earned Over $200 Million During His NBA Career, Is Broke
Wednesday 1/8/14
- Think America Has the World’s Best Health Care System? You Won’t After Seeing This Chart
- Rand Paul Really Loves Mitch McConnell, Says Mitch McConnell
- The 10 Least Stressful Jobs In America
- MUST READ "Bitcoiners actually respond with the same brand of shallow dismissals that one would expect from the Paul Krugman's and Ben Bernanke's of the world."
- Alibaba Bans Bitcoin
- “Time for some traffic problems in Fort Lee,” a Gov. Christie staffer reportedly emailed
- Fast Times at Obamacare High
- Policies That Discourage Full-Time Work
- It's Has Been Colder In Chicago Than at the South Pole
- Margot Robbie on 'The Wolf of Wall Street' & Why You Should Never Have Sex On A Pile of Cash
- INSIDE PEEK: The Groundwork Rand Paul Is Doing to Prepare for His Presidential Run
- Enough is Enough: No New Unemployment Insurance Extension
- Breaking: Christie Says He Was 'Misled' By Aides On Traffic Jamming
- Then, Of Course, There Is the Cato Take on Chris Christie
- In Defense of Dennis Rodman
- Kshama Sawant's Inauguaral Speech: "I wear the badge of socialist with honor."
- The Chris Christie Bridge Scandal Is Very Presidential
- Fort Lee Mayor Describes the Nightmare Caused When Chris Christie's Operatives Shutdown Multiple Lanes of the George Washington Bridge
- Where the Jobs Will Be 2012-2022
- Greenwald on Jonathan Pollard, Israel
- European Regulators Discussing Bitcoin
- Bitcoins, the IRS and Tax Fraud
- Is Germany's Gold Housed in New York, Paris and London All Gone?
- NC Teen Shot, Killed by Police in Front of Parents at Home
- Antiwar Activists Who Broke Into an F.B.I. Office in 1971 Come in From the Cold
- An Amazing Map of the Koch Brothers Massive Political Network
- Trailer: "House of Cards" - Season 2
- Radioactive Snow in St Louis, Missouri!!; Spiking Radiation at California Beach!!
- OMG: AOL Tried to Buy Business Insider for $100M+
- Hey Paul Krugman: 10 Things You Will Pay More for in 2014
- Ron Paul: Yellen is ‘Worse Than Average’
- This Surprise Investment Has Outperformed Google for the Past 10-Years
- NYC Mayor De Blasio Loves Taxes
- When Hitler Considered Issuing an Alternative to Bitcoin
- Citibank on Bitcoin
- Eric Posner: Bitcoin Is Not Money
- Minimum Wage Debate Insane, Says 'Mr. Wonderful'
- Pimping The Empire, Progressive-Style
- The Eternal Mystery of the Tootsie Pop
- Attorney For Goldman Sachs CEO Is Eric Holder's 'Best Friend'
- The Truth about Those Studies that Say Increasing Minimum Wages Reduce Poverty
- In Review: "A Libertarian Critique of Intellectual Property"
- Peter Schiff: Will the Fed Save Us?
- Angela Merkel Breaks Her Pelvis
- Jennifer Rubin: No More Free Passes for Rand Paul
- Shanghai's History a Tale of Successful Capitalism
- Men's Wearhouse Offers $1.6 Billion for Jos. A. Bank
- Neocon Liz Cheney Pulls Out of Wyoming Senate Race
- George Will Gives De Blasio Three Years Before New Yorkers Start Begging For Something Else
- WSJ Attacks Comment Trolls; All Readers Will Be Required to Use Real Names When Commenting
- Who Is In the Koch-Backed Political Network? Here Are the Players
- Bernanke's Frustrated? ... Well Boo-Hoo
- Are Pope Francis, Bill De Blasio and Barack Obama Right About Capitalism?
- Hottest Metros Area For Home Buyers in 2014
- Janet Yellen Confirmed as Next Federal Reserve Chief
- Life in the Electronic Concentration Camp: The Many Ways That You’re Being Tracked, Catalogued and Controlled
- A Gigantic Amazon Box
- 2014 Spitzer Antics: Caught Sucking His Topless Girlfriend's Toes in Front of Kids
- The Brooklyn Nets: How to Build a Disappointing NBA Team, Exhibit A
- The Robert Wenzel Show: Wenzel on Bitcoin
- How Large a Company is Koch Industries?
- $100 Million NYC Homes a ‘New Market Reality’
- Want to Create Your Very Own E-Currency?
- Ralph Raico: The World at War
- Rand Paul: No Clemency for Snowden, But Just 'A Few Years in Prison'
- Peter Klein: The Usefulness of Austrian Economics
- Rand Paul Not Opposed to Extending Unemployment Benefits
- Will 2014 Be the Year of the Great Price Inflation?
- Kentuckians Don't Want Rand Paul to Run for President
- NY Fed Prez Warns: We Have No Idea If We Will Ba Able to Smoothly Unwind the Trillions in Excess Reserves if That Money Starts to Hit the Economy
- New Iris Mack Book: Energy Trading and Risk Management: A Practical Approach to Hedging, Trading and Portfolio Diversification
- "Anti-Tax Crusader" Grover Norquist Has Given His Blessing to Taxes on Marijuana
- Quacking Over Ducksters As Freedoms Go POOF
- Murray Sabrin Has Ditched Libertarianism
- How The Minimum Wage Benefits The Government
- Trace Mayer on the Crypto-Wars - Freedom of Speech and Freedom of Transaction
- It Might Cost You $39K to Crowdfund $100K Under the SEC's New Rules
- Math Scores
- Ron Paul on ObamaCare: People Are Going to Opt Out on Their Own
- George Goodman, aka Adam Smith, Has Died
- Gov. Jerry Brown Even Gives Orders at the Gym
- Split Views About Bitcoin Among NYC Real Estate Brokers
- Some Libertarian: Rand Paul Calls for the Jailing of Edward Snowden
- There Is No Price Inflation If You Don't Eat...
- Why the Generally Incorrect Analysis of Paul Krugman Must Be Consistently Challenged
- Smartphones Set to Become Even Smarter
- Saturday Night Entertainment: Crazed Turkey Chases UPS Man Around A FedEx Truck
- Bonus Entertainment: Is This How Paul Krugman Will React When the Austrians Takeover?
Friday, January 10, 2014
ReplyDeleteCOMEX Monthly Gold Delivery Dominated by JP Morgan in 2013
February is a big month! I am forecasting that at least 7,500 contracts will need to be settled this February, which is significantly less than in February 2013. I am guessing that the number of Feb settlements will be lower than last year because: 1) total open interest and open interest in February contracts is about 10% and 15% lower, respectively than at this time last year 2) more contracts settled in December than the year before which may have satisfied or pulled forward some demand for physical 3) COMEX registered gold inventory is low and the COMEX banks will entice more Feb contract holders to roll over to a future month. Currently, COMEX gold inventory is about 417k ounces in registered and 7,361k ounces in eligible. Also, my forecast is conservative because utilizing historical ratios is risky in volatile situations. But, it's all I've got.
I learned from commentor Mick that the same gold/warrants may be used to settle multiple contracts in a given month because the same firm can stop and then issue the same warrant. So to the extent that stops and issues by the same firm are netted together the same gold can be used to settle multiple contracts. By reviewing the monthly CME delivery notice report for 2013, the average number of contracts that are stopped and issued by the same firm in a typical month is about 15% of the total volume.
http://rikgreeninvestorforum.blogspot.com/2014/01/comex-monthly-gold-delivery-dominated.html