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COMEX Registered Gold Inventories Plummet 73% In One Day!

Vigilante

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Sprott Money ^ | 2/1/2016 | Steve St. Angelo
This is the lowest level of Registered Gold inventories on the Comex for more than 20 years. There are now only 2.3 metric tons of Registered Gold remaining at the Comex. Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months. As we can see, 21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of...

Sounds like the price of gold is about to POP again!!!!
 

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Sprott Money ^ | 2/1/2016 | Steve St. Angelo
This is the lowest level of Registered Gold inventories on the Comex for more than 20 years. There are now only 2.3 metric tons of Registered Gold remaining at the Comex. Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months. As we can see, 21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of...

Sounds like the price of gold is about to POP again!!!!

Gold has been down since the world learned that central banks now have the wisdom to handle even extreme events like the housing collapse and freeze up of the credit markets. It will take a depression to revive gold; nothing less will do.
 

JimBowie1958

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Sprott Money ^ | 2/1/2016 | Steve St. Angelo
This is the lowest level of Registered Gold inventories on the Comex for more than 20 years. There are now only 2.3 metric tons of Registered Gold remaining at the Comex. Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months. As we can see, 21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of...

Sounds like the price of gold is about to POP again!!!!
If an anti-establishment person wins the Presidency, then the gold assets required for ETFs will likely start getting enforced and banks will need that gold on hand to meet due asset requirements.

This would seem to be a harbinger of gold and silver climbing after the election.
 

JimBowie1958

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Sprott Money ^ | 2/1/2016 | Steve St. Angelo
This is the lowest level of Registered Gold inventories on the Comex for more than 20 years. There are now only 2.3 metric tons of Registered Gold remaining at the Comex. Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months. As we can see, 21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of...

Sounds like the price of gold is about to POP again!!!!

Gold has been down since the world learned that central banks now have the wisdom to handle even extreme events like the housing collapse and freeze up of the credit markets. It will take a depression to revive gold; nothing less will do.
Are you for real?

Lol, many things could cause gold and/or silver to go up aside from a depression.
 

EdwardBaiamonte

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Sprott Money ^ | 2/1/2016 | Steve St. Angelo
This is the lowest level of Registered Gold inventories on the Comex for more than 20 years. There are now only 2.3 metric tons of Registered Gold remaining at the Comex. Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months. As we can see, 21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of...

Sounds like the price of gold is about to POP again!!!!

Gold has been down since the world learned that central banks now have the wisdom to handle even extreme events like the housing collapse and freeze up of the credit markets. It will take a depression to revive gold; nothing less will do.
Are you for real?

Lol, many things could cause gold and/or silver to go up aside from a depression.

Gold price has been cut in half since the housing crisis did not turn into a depression.
Many things?? If so why so afraid to name one????????????
 

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Sprott Money ^ | 2/1/2016 | Steve St. Angelo
This is the lowest level of Registered Gold inventories on the Comex for more than 20 years. There are now only 2.3 metric tons of Registered Gold remaining at the Comex. Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months. As we can see, 21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of...

Sounds like the price of gold is about to POP again!!!!

Gold has been down since the world learned that central banks now have the wisdom to handle even extreme events like the housing collapse and freeze up of the credit markets. It will take a depression to revive gold; nothing less will do.
Are you for real?

Lol, many things could cause gold and/or silver to go up aside from a depression.
How about the proliferation of Hybrid Seeds?
 

Manonthestreet

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Sprott Money ^ | 2/1/2016 | Steve St. Angelo
This is the lowest level of Registered Gold inventories on the Comex for more than 20 years. There are now only 2.3 metric tons of Registered Gold remaining at the Comex. Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months. As we can see, 21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of...

Sounds like the price of gold is about to POP again!!!!

Gold has been down since the world learned that central banks now have the wisdom to handle even extreme events like the housing collapse and freeze up of the credit markets. It will take a depression to revive gold; nothing less will do.

Gold has been down because bankers admitted they manipulated the price
 

Indeependent

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Sprott Money ^ | 2/1/2016 | Steve St. Angelo
This is the lowest level of Registered Gold inventories on the Comex for more than 20 years. There are now only 2.3 metric tons of Registered Gold remaining at the Comex. Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months. As we can see, 21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of...

Sounds like the price of gold is about to POP again!!!!

Gold has been down since the world learned that central banks now have the wisdom to handle even extreme events like the housing collapse and freeze up of the credit markets. It will take a depression to revive gold; nothing less will do.

Gold has been down because bankers admitted they manipulated the price
And they're not manipulating it now?
 

JimBowie1958

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Sprott Money ^ | 2/1/2016 | Steve St. Angelo
This is the lowest level of Registered Gold inventories on the Comex for more than 20 years. There are now only 2.3 metric tons of Registered Gold remaining at the Comex. Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months. As we can see, 21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of...

Sounds like the price of gold is about to POP again!!!!

Gold has been down since the world learned that central banks now have the wisdom to handle even extreme events like the housing collapse and freeze up of the credit markets. It will take a depression to revive gold; nothing less will do.
Are you for real?

Lol, many things could cause gold and/or silver to go up aside from a depression.

Gold price has been cut in half since the housing crisis did not turn into a depression.
Many things?? If so why so afraid to name one????????????

I already named one and will give you two more: precious metals can go up if demand rises from economic upswings in nations with a gold focused culture like India and China are. Secondly in the case of silver it has industrial uses and could go up with new technological applications being developed.
 

JimBowie1958

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Sprott Money ^ | 2/1/2016 | Steve St. Angelo
This is the lowest level of Registered Gold inventories on the Comex for more than 20 years. There are now only 2.3 metric tons of Registered Gold remaining at the Comex. Looks like something big is about to take place on the Comex as Registered Gold inventories declined a whopping 73% in one day. This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months. As we can see, 21,200 oz was transferred from Brinks Registered Inventories, 84,881 transferred from HSBC and 95,269 from Scotia Mocatta. There are only 73,980 oz of...

Sounds like the price of gold is about to POP again!!!!

Gold has been down since the world learned that central banks now have the wisdom to handle even extreme events like the housing collapse and freeze up of the credit markets. It will take a depression to revive gold; nothing less will do.

Gold has been down because bankers admitted they manipulated the price
And they're not manipulating it now?
They still are as long as they sell these precious metal ETFs that may or may not be backed with the gold claimed. With rebifurcation, the same pound of gold can be used to write more than a few ETFs that claim to represent that same pound of gold. There is far more gold sold as ETFs than the comex actually holds.
 

Manonthestreet

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guess what happens when Comex disappears and price discovery moves to Shanghai
 

EdwardBaiamonte

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guess what happens when Comex disappears and price discovery moves to Shanghai

Gold was popular when it was thought that the possibility of another depression was real . Thanks to Bernanke's expert handling of the recent housing/credit collapse few are worried about a depression; thus gold is worth half what it was worth and will probably stay there.
 

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