Comex Gold Inventories Collapse

April 10th, 2013

Via: Bull Market Thinking:

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).

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One Response to “Comex Gold Inventories Collapse”

  1. Eileen says:
    April 11, 2013 at 4:04 am

    Since the “value” of gold is so “low” (oh sure)perhaps J.P. Morgan has decided to go into the fashion jewelry business? Going to melt it all down into bangles? Just speculating. Nothing to see here..just move along. And get out the popcorn with extra butter.

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