Loading ...If the Comex and its numbers are legit, there is absolutely no reason for them to have to put up 400 ounce bars (celery, bananas, a piece of paper) as a delivery product. Let the price rise to ration supply. Mark Lundeen checks in…
COMEX Gold Inventories at Record Highs (Shocking!)
Hi Bill
COMEX gold open interest is plunging.
But gold inventories held at COMEX storage facilities (below) are at record highs. Curiously this spike in gold inventory happened during the weekend, an increase of six million ounces since last Wednesday (April 1st):
April 1st: 9,948 million ounces
April 6th: 15,911 million ounces
I don’t know what it means, but it has to mean something. Maybe some Café members would like to take this subject on for further comments.
Mark