Comex Physical Drain Accelerates—With Over $7.8B In Gold Disappearing From All Depositories!

• Comex Physical Drain Accelerates—With Over $7.8B In Gold Disappearing From All Depositories! 
  by Tekoa Da Silva, http://bullmarketthinking.com/ 
  As the headline battle between paper sellers and physical buyers of gold escalates, something eerily strange is continuing behind the scenes.
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  As first reported here on April 9th, Comex gold inventories have been plummeting, demonstrating the highest levels of physical removal ever during a single quarter in Q1, 2013.
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  Most shocking however, is that Comex warehouse inventories are accelerating their downward plunge, with dropping inventories now spreading to the world’s largest fund depositories.
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  Over the last four weeks alone, total reported inventories of ETFs, funds, and depositories collapsed by over 5.5 million ounces, or in dollar terms, by over $7,000,000,000 dollars.
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  The largest physical removals were reported by the Comex at about 1.4 million ounces, or nearly $2 billion dollars, and the GLD, which reported total inventory removal of nearly 4 million ounces, or roughly over $5.6 billion dollars.
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  Here is a chart illustrating the continued gold inventory plunge at Comex warehouses (see initial April 9th. piece for comparison): (top of post)
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  read more!

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