Commodity Trade Mantra

Posts Tagged ‘CME Gold Stocks’

Price Discovered on Comex is not a Price for Gold or Silver at all

We’re simply attempting to draw attention to the hopelessly corrupt & fraudulent, paper derivative pricing scheme. In the absence of any meaningful physical delivery, the price discovered on the Comex is not a price for gold or silver at all. With open interest near record levels in gold and silver, we likely won’t have to wait much longer to find out the Truth.

A New Record Low In The Comex Gold Inventory

We have another data point on the long list of signals indicating physical tightness in the global gold market. As recently as 2009, Comex showed over 5,000,000 ounces of registered gold in its vaults. A year ago, the total Comex registered Vault exceeded 1,000,000 ounces. Today, the Comex Gold number has fallen to a new all-time low of just under 74,000 ounces.

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