COMEX Gold inventories hit new low
More news that gold continues to flow out of the COMEX. There is no word of where it went but we can all assume it flowed east. This is just another sign that American investors are continuing to lose their desire to invest in gold. If this does not stop we could continue to see gold prices drift lower and more gold travel across the water. Potentially never to return.
Click here to read the article and see how low the COMEX gold holdings have fallen.
Thanks for bringing this up Dai Uy
Kaye also mentioned and quoted National Indian Bank figures that there are now 93 paper claims on each oz. of physical. AU still available in my area for $25-35 per ounce premium.
Fascinating. Thanks DU!
Keep Stacking
The quiet before the storm?
Good chance!
Alexander:
Go Huskies and also my beloved Cougars and even Eastern Washington U with whom I also have a history!. All are doing well. We’ll settle our differences with a friendly wager at Apple Cup time. Are you and Cory planning on attending the Spokane Silver Conference in late October as last year provided of course that the world still exists by then? May I attend your dinner in light of my comments on Dear Leader a year ago?
Dai Uy
Not going to attend the Silver Summit this year. I will be at the Casey Conference in Tuscon 10/4 thru 10/6 and then San Francisco in late November.
How about you, Kathy and I go to the Apple Cup? Let me know asap and I will try to get tickets.
Best
According to William Kaye on KWN this morning, there is a HUGE (emphasis supplied) purchase order in to buy gold at between $1305 and $1310. Kaye did not specify the country but believes it to be China.
Query: If indeed it is true that most of the physical gold is migrating from West to East, then wouldn’t existing supply in North America/Europe become more valuable if any number of existing bubbles pop in the next 6-12 months given the high probability that the East will not be returning any in the forseeable future?