Someone transferred 4,946 ounces of their gold bullion out of the deliverable category at the Brink's warehouse, and out of the COMEX storage complex altogether it seems.

This leaves 664,664 ounces of gold bullion in the deliverable category.

There are a quite a few delivery days left this year.

And there is a shrinking supply of gold available for sale, especially at these artificially low paper prices. And the claims keep piling up, higher and higher.

What happens when some nation less compliant than the Germans asks for the return of its sovereign gold?

Pricing antics and bluff moves aside, I think that the writing is on the wall.

"Mene, Mene, Tekel, Upharsin"

Weighed, and found wanting.

Stand and deliver.

By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In plewis

roviding information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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