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01:41 PM
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Comex Gold Inventories Collapse By Largest Amount Ever On Record "EVER"
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 57407:MV8yMTk3NDUzXzM3MTk0NDc5X0ZERDI4RTYw] [quote:Anonymous Coward 37486513:MV8yMTk3NDUzXzM3MTkzMzE0XzREQTE3QjY3] Look for a big hammering of the metals prices next week. Next Friday is stock options expiry on GLD and SLV. Also, If they can't get people to sell at the end of the month regarding the Comex contracts expiry and elect to take physical delivery, expect another commodities trading house to fail like MF Global. When another comodities house fails we are very close. Very close indeed ! [/quote] :bump: [/quote]
Original Message
A stunning piece of information was brought to my attention yesterday. Amid all the mainstream talk of the end of the gold bull market (and the end of the gold mining industry), something has been discretely happening behind the scenes.
Over the last 90 days without any announcement, stocks of gold held at Comex warehouses plunged by the largest figure ever on record during a single quarter since eligible record keeping began in 2001 (roughly the beginning of the bull market). See chart below.
[
link to bullmarketthinking.com
]
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