Commodity Trade Mantra

Posts Tagged ‘COMEX Gold Inventories’

This Is What Will Push The Gold Market Over The Edge

While a fraction of investors continue to acquire a lot of physical gold, the mainstream investor is the key to driving the gold market and price going forward. Why? Because the diehard investors don’t have the sort of leverage as do the mainstream investors, which account for 99% of the market. This could be the year that the mainstream investor finally pushes the gold market over the edge.

COMEX Default Risk As Gold Inventories Plummet 36%

COMEX Gold inventories have plunged over 36% year to date, from 11.059 million oz to 7.034 today, creating a market more leveraged than it has been for the last 9 years. A default on delivery of gold bullion bars remains a risk, till gold remains in backwardation.

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