Media Ignoring Record Lows in COMEX Registered Gold

I always get a rush when we get a new low in registered gold at the COMEX and today it's bull's eye again.






COMEX Gold



We hit a new record low of 370 thousand ounces at the COMEX gold.



Indeed, leverage is going up exponentially. We are now at ratio eligible to registered gold of 20.







And what I find very amazing is that the media is ignoring this in our face.



Take for example this article.



I quote what they say about silver:


Stockpiles of the metal on the Comex on Jan. 8 reached 176.88 million ounces on Jan. 8, the highest since July 1997. In 2013, supplies rose for the third straight year, the longest run in a decade.

But nowhere they mention the plunging stock at the gold warehouses. Keep your blindfolds on...



P.S.: China is now removing bank restrictions to import gold into China. This exponential curve will only accelerate.

Comments

Popular posts from this blog

Sibanye-Stillwater

The Consequences of Brexit