GnS+Research: (Today COMEX) Physical Gold Reserves REDUCED 73% In One Day

Tuesday, January 26, 2016

(Today COMEX) Physical Gold Reserves REDUCED 73% In One Day

There are now over 542 claims on 1 ounce of gold at the CME Take a look from Zero Hedge:http://www.zerohedge.com/news/2016-01-26/comex-snaps-gold-dilution-hits-record-542-oz-gold-claims-every-ounce-physical

As the chart below shows - which is disturbing without any further context - the 40 million ounces of gold open interest and the record low 74 thousand ounces of registered gold imply that as of Monday's close there was a whopping 542 ounces in potential paper claims to every ounces of physical gold. Call it a 0.2% dilution factor.

From SRS rocco Report BELOW:

https://srsroccoreport.com/breaking-news-comex-registered-gold-inventories-plummet-73-in-one-day/

This is a very suprising update as Comex Gold inventories haven’t experienced much movement over the past few months.

Well, this all changed today as a stunning 201,345 oz (73%) of the total 275,325 oz of Registered Gold was transferred to the Eligible Category today:

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