SideNote: We can see Jim Rogers market MAXIM applied to low prices in physical gold "Cure for Low Prices is Low Prices. It cuts back supply and increases demand." GRIM

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

BREAKING NEWS: COMEX Registered Gold Inventories Plummet 73% In One Day - Steve St. Angelo

Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months.

21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of Registered Gold remaining in the Comex inventories:

This has to be one of the most surprising movements of Comex Registered Gold inventories ever. It will be interesting to see what happens over the next few months as the broader stock markets continue to crash while precious metal physical investment surges.It seems to me that this huge decline of Registered Gold Inventories suggests that the end of the Comex Exchange as a price setting mechanism is now even closer at hand.

https://www.sprottmoney.com/blog/breaking-news-comex-registered-gold-inventories-plummet.html