Comex Gold Inventories Drop to Lowest On Record
Over the last 90 days, 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 represents roughly 3 billion dollars at today’s prices.
The largest inventory drainage is being reported from JP Morgan Chase & Scotia Mocatta warehouses.
For more info and charts, see the full scoop at bullmarketthinking.com.