Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Gold Prices
Gold Price
[Most Recent Quotes from]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

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

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



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.

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.



Winners of the GoldDrivers Stock Picking Competition 2007 







PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>