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« How to Stop a Pickpocket | Main | Gold fades as the US Dollar recovers from the Fed’s inaction on rates »
Tuesday
Sep222015

COMEX Available Gold Continues To Drop And Why That Should Matter For Investors

This is an interesting article which we spotted on SeekingAlpha submitted by Hebba Investments LLC covering the dwindling amount of gold that the COMEX holds in its warehouse. It raises the question of just what happens if and when the time comes that they cannot delivery the physical metal when it is due for delivery


 

Summary

COMEX registered gold inventories fall to under 170,000 ounces available for delivery.

These are the lowest levels on record and a mere $200 million could buy all the available gold in COMEX warehouses.

While this doesn't mean the COMEX will default, it certainly at least suggests that fewer people want to make their gold available for sale.

These are very bullish developments for gold investors as it suggests the market is tighter than many analysts think.

read more....

 The Gold Bugs Index, the HUI closed today at 106, the 'no rate hike' rally is fading fast.

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