The Comex Adds an Interesting Disclaimer

Adding further fuel to the speculation fire, the Comex gold and silver daily warehouse stock reports (as of Monday, June 3, 2013) now includes the following disclaimer;

:lol:
TGT

 

fictional reserve banking much

 

So there "could" be 10million ounces of gold in the warehouse is what the new reports will be saying?

 

Everything has a reason, so when they suddenly add those sentences to the report, means that something happened that caused them to do so. Regulation / laws?
Discovery of some errors in past data?
It's all guessing.
However, I wonder what it matters. What/how much is stored in the Comex storage facilities seems to not have any correlation with price/positions/demand/whatever.
Do those holding futures positions care whether or not the represented silver is stored there at the moment?
Do those holding futures positions care whether the silver will be there upon their contract expiration?
From what I've read, that's a double NO.
Fractional/fictional, what does it matter, in any way?
The situation could be compared with a baker and a part of his customers, that order but always cancel the order before he actually bakes the breads. It's a demand that never requires production let alone delivery, so does it then matter if the silver isn't there?

 

it may not matter now but what if one day there are no cancellations

 

What if that day never arrives?
To buy silver, it doesn't need a futures market position.
Because the silver can be bought any time including now.
Because silver doesn't perish like most other commodities (even oil).
Because there aren't sudden production drops due to for ex natural disasters like bad weather>bad harvest, grasshopper swarms, plagues, so on.
The existence of silver futures thus serves another purpose, and that purpose implicites (postponed(rollover)) cancellation.
All it is, is a money shifting machine between real customers of the baker and bogus customers of the baker.
Except as an excuse to exist / to be there, the bogus customers need baker nor his bread.

 

Aside of above, even imagine that such day arrives.
Then what?
The net amount silver that the futures contracts represent, is already reflected in the spot price from the moment that the contracts came into existence.
So if they all ask delivery, then the price just stays (at least if no other market sides sold in meantime, with this downwards price effect compensated for by the futures market sides' position taking).