Comex Gold registered stocks fall to new lows causing the Owners Per Ounce metric to rise to new extreme highs.
More gold is needed to cover.
Here you can see Registered Stocks (available for delivery) declining to almost nothing.
And in the bottom panel of the chart that shows the daily changes you can see a lot of churning of late.
This is indicative of physical stocks normally dormant being juggled to fill positions.
Again the churning stands out loud & clear.
Eligible Stocks - not currently available for delivery.
Registered Stocks - available for delivery
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Nick Laird Chartist / Member of the Goldbroker.com Editorial Team
I opened Sharelynx.com up in 1998 and have spent the last 16 years making charts and collating data. I have been saving, storing and collecting all facets on gold for the last 3 decades and have built up a huge collection. I'm a one man show doing all the hosting webpage design and installation plus chart creation and databasing. I also supply charts and datafeeds to a number of other gold themed websites. In the late 1990's I was very active on the Kitco Gold Forum and then later on the LongWave forums. Since mid 2005 I have pulled away from any public interaction with forums and now spend all my time collecting and collating data and making charts and new webpages.