Commodity Trade Mantra

Posts Tagged ‘COMEX Gold Inventory’

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.

Large Withdrawal From JPMorgan’s Gold Inventories In A Day

JP Morgan lost nearly 15% of its total gold inventories in one day. If you look at the COMEX Gold Inventory table closely, you will notice that the total Registered Gold inventories are a lousy 351,519 oz. This is less than peanuts. Two withdrawals like JP Morgan experienced on Thursday, would totally wipe out the Bankers Registered gold inventories.

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