This evening's CRIMEX report isn't surprising in that the number of delivery notices for April Gold has dropped to practically nothing this week. An aburpt halt on withdrawals seems odd given a full 2 more weeks remain before April 30 Last Delivery day (see 2nd link provided.) Why the sudden drop in notices to deliver Gold? This is a vastly different situation compared to the retail front where enthusiastic retail buyers are causing significant drawdowns this week on available physical on a global basis. At any rate this dichotomy between paper and physical markets does raise some valid questions. Has the invisible hand given a stern warning to those attempting to withdraw physical from depositories? Are they fudging figures? Is this the beginning of Capital Controls on withdrawals of PMs in a desperate bid to keep the paper market from collapsing into the void? The opposing sides of paper and metal in hand are clearly moving apart leaving a widening rift that may grow too far to bridge ever again.
http://www.cmegroup.com/delivery_reports/MetalsIssuesAndStopsMTDReport.pdf#page=1&zoom=auto,0,620
Last notice day is April 29 and Last delivery day is April 30:
http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv13-146.pdf