The Phaserl


COMEX Registered Gold Inventory Continues To Drift Lower

from Jesse’s Café Américain:

Total gold at the COMEX, which includes eligible and registered bullion, remained steady at around 7 million ounces.

Registered gold, which is bullion that is considered as deliverable for those who choose to ‘stand for delivery’ on their futures contracts, remained a bit thin and decreased slightly to a little over 935,000 ounces.

So, the great tension between supply, demand, and price continues on, and will unfold over the next few weeks until the end of this delivery period on August 31st.

Here is Chris Powell’s interview on King World News which is certainly worth hearing as an excellent summary of where the gold market stands today.

Read More @ Jesse’s Café Américain:

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