Posted on 02/02/2016 7:00:21 AM PST by EBH
This is the lowest level of Registered Gold inventories on the Comex for more than 20 years. There are now only 2.3 metric tons of Registered Gold remaining at the Comex. Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months.
As we can see, 21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of Registered Gold remaining in the Comex inventories:
This has to be one of the most surprising movements of Comex Registered Gold inventories ever. It will be interesting to see what happens over the next few months as the broader stock markets continue to crash while precious metal physical investment surges.It seems to me that this huge decline of Registered Gold Inventories suggests that the end of the Comex Exchange as a price setting mechanism is now even closer at hand.
Where is it going?
“Transferred from”.....to where?
Follow the law of supply and demand.
If there is a shortage, the demand will drive the price up.
In a sane world, anyway...
Good question
Chinese bunkers?
This makes no sense.
Gold is down 35 cent at this moment.
Does Sprott really have any credibility?
Their Silver recommendations sure went sour from a couple years ago.
I agree, doesn’t seem to make sense, but gold movement is movement. That wealth got transferred somewhere...but where is the question.
Not all eligible gold is registered for sale, but all registered silver must first be eligible. Gold owners frequently extend or withdraw registration depending on whether or not they wish to sell their holdings at current prices. The gold doesn’t move.
So a lot of people are not willing to sell at these prices.
These are numbers issued by COMEX not Sprott. Registered Gold has dropped from approx 3.3 million ozs at the end of 2011 to approximately 74K on 26th Jan. Comex Registered Gold Chart. The spot price of gold is manipulated worse than the chinese stock market. Paper gold (GLD) could be in for a shock if these stock levels go much lower.
>> Registered Gold inventories
Metal, Paper, or Binary/vapor “Gold”?
First sentence....
This is the lowest level of Registered Gold inventories on the Comex for more than 20 years.
Looks like Registered Gold....
Rut rho
More meaningless non-news from idiot goldbugs, like half the crap on zerohedge. Groan. Dow to 20k.
Got any more totally useless, meaningless stuff to post?
Do you have even the first clue about categories of exchange inventories of gold or silver or what they mean?
Sorry, that was rhetorical, obviously you don’t.
I’ve been commenting on totally stupid junk posts like this for years. People post this garbage and babble on about it and then, lo and behold, nothing happens and you and your ill-informed ilk all slink away after making fools of yourselves.
Please stop it. You’re wasting everyones time. Not to mention that you make yourself look like an idiot.
You must have a lot of hate in your heart. Just disagree with the guy and share with him your knowledge on the subject. That would be a big help to all of us who know little about precious metals.
Got it.
Thank you!
>>Registered Gold
Registered Metal, Paper, or Binary “gold”... or Tungsten..
Hate?
None at all. After many years of this sort of stupid BS, I’m just tired of morons posting total junk as if it meant something.
You know, as if they had a clue about what they’re yammering on about.
They don’t. I object and let them know what I think. Simple as that. And I don’t need your or anyone elses approval to do so.
I’m not running an investment seminar. I just point out really stupid stuff now and then. Other people can draw their own conclusions, good, bad or indifferent.
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