Commodity Trade Mantra

Posts Tagged ‘Gold Inventories’

Death Of Paper Gold Picks Up Speed BIG TIME Today

The Death of the paper gold market picked up speed today as Blackrock’s Gold IAU ETF announced that issuance of new shares was suspended. This now suggests a tightness in the paper gold market due to the last several years of surging physical gold demand…. especially now that China has recently become an “official” Central Bank buyer of gold.

JP Morgan Loses 45% Of Registered Gold Stock In One Day

While the drain of COMEX gold and silver Registered inventories continues as demand for physical precious metals increases, JP Morgan experienced a 45% decline of its Registered Gold Inventories in one day. JP Morgan now only has a lousy 10,777 oz of gold remaining in its Registered gold inventories.

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.

2 Comex Gold Depositories: Registered Inventories Decline 25% In A Day

On Thursday, Brinks held 257,290 oz of gold & Scotia held 339.993 oz in their registered inventories. On Friday, when CME released an update on its Comex gold warehouse stocks, Brinks registered inventories declined 62,259 oz & Scotia Mocatta fell 87,849 oz. In a day, Brinks registered gold inventories fell 24% & Scotia Mocatta’s fell 26%.

The Drain Of JPMorgan Gold Inventories Continues

In just one week, JPMorgan lost 41% of its total gold inventories. Not only are a great deal of gold bars leaving JPMorgan’s vault, we are also witnessing a large withdrawal from the total gold warehouse stocks at the Comex. In just one month, nearly a million ounces of gold were removed from Comex inventories.

Gold Is On Sale - So Is It Time To Buy Gold Now?

By now, everyone knows of the shortages in the gold market; JPMorgan has to be as aware of that as the rest of us. It just isn’t safe for them to continue to lean on the market. Being aware, it looks like they are taking the bet that gold will rebound, so they could do well on the other side of the trade.

Zero Hour Approaching When Futures Exchange Runs Out Of Gold Bullion

Gold has being drained out of the Comex warehouses almost nonstop this year and gold inventories are down- A handful of billionaires or just one powerful creditor nation-state with large foreign exchange reserves, such as Russia, could corner the Comex gold market and cause a default.

The Shanghai Gold Surprise

The physical gold market continues to develop in the most wonderfully counterintuitive way. While the paper gold price languishes below […]

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