You have been reading about gold leaving the comex vault, but is it really significant? Yep, the Comex has a gold kilo vault and yesterday 41% of their gold said bye bye and left. They are screwed and there is no end in sight. Stack on while you can at discount prices to boot. from Wallstreetsilver
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The comex vault drain continues with 2.1 tonnes of gold out of registered and 2.3 tonnes OUT OF THE VAULT. Silver sees 730,000 oz moved OUT OF THE VAULT.
28.76 million troy ounces of silver were removed from all the world’s known depositories, mutual funds, and ETFs during the last four weeks. 18.6 million out of SLV, 9.2 out of the COMEX. The short position of SLV is 47.5 million shares. Does this all smell of a Silver shortage?
The gold and silver plunge at comex continues with 8-1/4 tonnes of gold OUT OF THE VAULT at comex bringing the 62 day cumulative decline to 225 tonnes. Registered silver resumes its descent dropping by 230,000 oz to 55.0 million oz bringing the 97 day cumulative decline to 37.3 million oz.
- Comex Inventories Plummet – Is a “Vault-Run” Underway?
by SCHIFFGOLD , 16 Aug 2022
Gold and silver deliveries on the Comex have surged since March 2020. While delivery volume in 2021 and 2022 are below the massive amount seen in 2020, overall volume is very elevated compared to pre-Covid levels.
This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.
Registered = Warrant assigned and can be used for Comex delivery, Eligible = No warrant attached – owner has not made it available for delivery.
Delivery activity is tracked monthly and recently showed a major surge in volume for August gold.
A “delivery” on the Comex means that a trader is short a futures contract but (presumably) holds physical metal at the Comex with a warrant assigned. This warrant is reassigned to a long contract holder when they “take delivery” by making their intentions known and then posting the full amount of the contract based on the bar weight (not all bars are exactly 100oz).