silver inventories and gold delivery

COMEX has reported;

COMEX silver inventories declined 5% in the last two weeks of June and,

Physical delivery from maturing gold contracts is up 39% from a year earlier.

http://news.coinupdate.com/massive-drain-of-comex-silver-inventories-continues-0344/


These reports are positive for gold and silver investors but not if you have shares in an ETF. The story indicates an acceleration of the move from 'gold-painted' paper derivatives into real metal.