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ABSOLUTE MUST READ: Comex Gold Inventories Collapse By Largest Amount Ever On Record

by Tekoa Da Silva, Bull Market Thinking:

A stunning piece of information was brought to my attention yesterday. Amid all the mainstream talk of the end of the gold bull market (and the end of the gold mining industry), something has been discretely happening behind the scenes.

Over the last 90 days without any announcement, stocks of gold held at Comex warehouses plunged by the largest figure ever on record during a single quarter since eligible record keeping began in 2001 (roughly the beginning of the bull market). See chart.

Total drainage of physical inventories reached nearly 2 million oz.’s of gold, which at today’s prices represent roughly $3,000,000,000 dollars.

According to chart sage Nick Laird, this data indicates that, “Eligible stocks which are owned in LBMA/Comex good delivery form are being drawn down—which means they are being removed from the warehouses. As to how and why they are [being] removed, that is a mystery. [Up until now], eligible stocks were on the continual increase throughout the bull market. Now that trend has changed.”

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7 comments to ABSOLUTE MUST READ: Comex Gold Inventories Collapse By Largest Amount Ever On Record

  • Lukas Goodyear

    cracks in the system. there comes a point where physical demand separates from paper demand. People need to get silver and rice asap.

  • SilverHawk

    The Rich always get warned ahead of time. Like the Cyprus Banking shutdown. If you don’t hold it, you’ll never get it.

  • Troy

    When gold gets too expensive, or even hard to purchase because of demand…silver will go up in price way above they are trying to set the price at “spot price”. Look at ammo. .22 LR is $8 for a box of CCI 100 count mini-mag….well, you cant’t find any, ANYWHERE. I have tons of the stuff, and it is worth $20 per box to me or anyone that wants to buy it from me, and I have sold some for that price. Same will happen with silver sometime. Spot may be $30 in the future, but it may be worth $100 “on the street”.

  • The Truth

    The main reason that the rich is taking the gold is because they are getting ready to crash this system. All the markets are manipulated to make them do what they would not be doing under normal circumstances. While many are distracted with Bitcoin, the wealthy are hording the gold and what silver left to secure their wealth. Bitcoin is the perfect tool to get people to place their money into it and then do a CRASH. Reason being is because Bitcoin is not regulated so when the losses come, no one, and I mean no one will be held accountable but the investor. I never trusted Max Kaiser because I don’t know which side he is on. Many of the others who have challenged the Banksters are 6ft and Max is still living with his wealth intact. Bitcoin Crashing will be the mania that drives the paper price of real assets to the roof. The problem is, many will again have their money tied into the illusion of money( dollars or digicurrency) and not the real assets. By that time the real wealth will already have been bought up and those will the paper will be the ones holding the bag. If anyone wants to get real, LET THEM GET THE PHYZZZZZ!

  • Anon

    AWESOME! But, the ‘big event’ is yet to come. Pray that you have some REAL ASSETS, when the COMEX runs dry!

  • Fred

    It’s amazing that there has been a boat load of gold being “taken off the grid” so to speak. GLD lost another 17 tonnes today — about 180 tonnes since the first of the year. It’s all going into somebody’s pocket. The elite insiders who know what’s coming.

  • Brian

    hmmm, sounds like what the Jackass was talking about. Eastern forces draining the markets.

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