Chart(s) of the Day: Gold Waterfall

Today’s must see Chart(s) of the day depict a massive waterfall decline in gold. 
No, we’re not talking about the daily COMEX open futures chart (or the chart on the day of any FOMC statement or public appearance by Bernanke), but rather COMEX registered and total gold inventories.
As the 2 charts below clearly demonstrate, both COMEX registered and total gold inventories have just plunged to new multi-year lows. 
Got PHYZZ??

Silver Eagles generic add

COMEX gold inventory charts courtesy of 24hgold.com:

COMEX registered gold

 

COMEX total gold

It appears Jamie and Ben have been busy the past few months…

warbardjuly13

Comments

  1. …and the worm turns.
    The Jimmy Cliff song “I can see clearly now” comes to mind.  Ah stackers, the sun will shine soon, very soon!
     
     



  2. Is that you Paine Webber? 
    Nope, it’s 4 OZ tellin’ it like it’s real
      and it’s real

  3. Gold? You had gold in this warehouse?

  4. On the other hand, one COULD flip these charts upside down and then call them fiat dollar charts.  ;-)

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