Comment: What happened the last time Comex inventory collapsed?

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fireant's picture

What happened the last time Comex inventory collapsed?

Those who say the inventory depletion at Comex is bullish for price should do some historical research. Prices collapsed in 1980-81 as inventory plunged from it's all-time highs. Inventory is now plunging from those same all-time highs again. Will history repeat? No one knows, but it pays to know it, rather than speculative hearsay.
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Undo what Wilson did