Comment: Comex Gold Inventories Collapse By Largest Amount Ever On Record

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Comex Gold Inventories Collapse By Largest Amount Ever On Record

http://bullmarketthinking.com/comex-gold-inventories-collaps...

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.

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.”

"Give a man a gun, and he could rob a bank. Give a man a bank, and he could rob the world."