Gold Registered for Delivery at the CME Warehouses Plunges To a New Low

Jon Blogosphere, Gold, Market Commentary, Precious Metals

Over 200,000 ounces of gold bullion were withdrawn from the registered (deliverable) category in the Comex licensed warehouses at the least.
That takes the new total down to a little under 74,000 ounces of actual physical bullion registered for delivery at these prices. I will check later but I do believe this is a new low for this century.
Since January is pretty much a non-delivery month for an increasingly non-delivering exchange, it may not mean all that much, but it is interesting to watch for all the reasons we have discussed previously.
And it is a fairly recent phenomenon with no other good explanation that those holding their gold at CME licensed warehouse do not with to hold their gold in a deliverable category at these prices.
Or they enjoy doing useless and pointless paperwork, as some would have you believe.

This post was published at Jesses Crossroads Cafe on 26 JANUARY 2016.