Commodity Trade Mantra

Posts Tagged ‘Scotia Mocatta’

Paper Gold vs Physical Gold: Something Just Snapped At The Comex

If last month was shocking, then what the COMEX revealed yesterday was absolutely jaw-dropping. What was already a record dilution factor, with over 200 ounces of paper gold claims for every ounce of deliverable gold, just soared even more & following today’s 8% drop, there is now a unprecedented 228 ounces of paper claims for every ounce of deliverable registered gold.

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%.

Silver Eagle Sales Hit A New Record In March

Sales of the U.S. Mint Silver Eagle has reached 4,476,000 at the end of the week & even surpassed the amount sold last year by over one million. If Silver Eagle sales top 500,000 on the last reporting day, total sales in March could surpass 5 million and overtake January as the highest monthly amount.

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