I always get a rush when we get a new low in registered gold at the COMEX and today it's bull's eye again.
We hit a new record low of 370 thousand ounces at the COMEX gold.
Indeed, leverage is going up exponentially. We are now at ratio eligible to registered gold of 20.
And what I find very amazing is that the media is ignoring this in our face.
Take for example this article.
I quote what they say about silver:
Stockpiles of the metal on the Comex on Jan. 8 reached 176.88 million ounces on Jan. 8, the highest since July 1997. In 2013, supplies rose for the third straight year, the longest run in a decade.
But nowhere they mention the plunging stock at the gold warehouses. Keep your blindfolds on...
P.S.: China is now removing bank restrictions to import gold into China. This exponential curve will only accelerate.