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.
COMEX gold inventory charts courtesy of 24hgold.com:
It appears Jamie and Ben have been busy the past few months…