Here's a possibility how COMEX slips away from possible default in December.

From GATA this evening:

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Dear Bill,
I read all of your articles every one since I went to a GATA seminar several months ago and you and your members keep me going with the anecdotes and information. For what it's worth I thought I'd pass this on. I live in an offshore jurisdiction and was talking this week over a few drinks with a very well connected broker. It seems the PPT will have another two shots at supply if my source is correct. He said, "A Mexican source is going to unload about 40 tons of silver, and the Middle East will sell several billion worth of gold". I asked why they would do this and it seems that
both of the sources want cash! The prices they are going to take will be low because the middleman (in the USA) can handle the huge orders in one shot. They are pushing hard to conclude these transactions by the end of the month as the COMEX is desperate to get some supply. So ultimately we know their hands are out as the ultimate buyer. The last thing he said was that the middleman's comment was that this will go so fast in the market it won't make much difference. My thoughts are they might get out of this squeeze for December delivery but hopefully they have fired their last bullets. Let's keep the faith and keep the physical!!
Best
David