Comex Gold Inventories Drop to Lowest On Record

Over the last 90 days, stocks of gold held at Comex warehouses plunged by the largest figure ever on record during a single quarter since eligible record keeping began in 2001.

Total drainage of physical inventories reached nearly 2 million oz.’s of gold, which  represents roughly 3 billion dollars at today’s prices.

The largest inventory drainage is being reported from JP Morgan Chase & Scotia Mocatta warehouses.

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