130,000 oz of Gold / year - Q4 2009

Exploration & production. Properties in Nicaragua, Colombia, Panama & Russia

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SMF069

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OT: Plunge in COMEX inventory

posted on May 30, 2013 01:00AM

My gut tells me we're in for a very good summer wher the POG in concerned. SMF

CHART OF THE DAY: EPIC PLUNGE IN TOTAL COMEX GOLD INVENTORY

MAY 29, 2013

Today’s chart of the day examines the epic plunge in total COMEX gold inventories, as total COMEX registered and eligible gold holdings have nearly been sliced in half over the past 6 months, from nearly 12,000 oz to 7,961 oz, and only a few small withdrawals from breaking the previous lows sit in the 2008 panic low.

To put the COMEX gold inventory plunge in perspective, let’s just say that the 5 year inventory chart resembles silver futures at any day at 8:15am EST.

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