"Another 237,873 ozs of gold drained from the Comex yesterday....

"Another 237,873 ozs of gold drained from the Comex yesterday. 70k from the registered/deliverable account and 167k from the eligible/not-deliverable account. The eligible account is down to 6.1mm ozs. I can't recall ever seeing it this low, although I'm sure it was at some point in history.

When you put that in the context of the data I sent around yesterday showing the ratios of gold contract open interest vs. the amount of deliverable gold, what's happening at the Comex is quite interesting - almost spooky - especially in light of this commentary:

http://bullmarketthinking.com/comex-physical-drain-accelerates-with-over-7-8b-disappearing-from-all-depositories/

In other words, it's not just on the Comex where visible stockpiles of gold are disappearing: "One element of truth remains, which is that gold always tells the truth. If it gets up and moves from location to another, you can bet there’s a reason for it" (from the link)"

At http://harveyorgan.blogspot.com.au/