[Ed. Note: The bad guys are taking delivery of (or stealing) the PHYSICAL, the little guys will be left with paper claims for unsecured paper gold.]
by Tekoa Da Silva, Bull Market Thinking:
As the headline battle between paper sellers and physical buyers of gold escalates, something eerily strange is continuing behind the scenes.
As first reported here on April 9th, Comex gold inventories have been plummeting, demonstrating the highest levels of physical removal ever during a single quarter in Q1, 2013.
Most shocking however, is that Comex warehouse inventories are accelerating their downward plunge, with dropping inventories now spreading to the world’s largest fund depositories.
Over the last four weeks alone, total reported inventories of ETFs, funds, and depositories collapsed by over 5.5 million ounces, or in dollar terms, by over $7,000,000,000 dollars.
Please follow SGT Report on Twitter & help share the message.