Largest daily withdrawal in history leaves Comex

Pekelo

Pekelo

http://www.examiner.com/article/gol...largest-daily-withdrawal-history-leaves-comex

"On Jan. 24, the U.S. Commodities Exchanges (Comex) issued its daily Vault Report and announced that yesterday saw the greatest one day withdrawal of physical gold bullion in history.

...moments ago the daily Comex gold vault report confirmed what many expected, namely that the JPM accumulation was merely in advance anticipation of major withdrawals. How major? Well, on January 23, JPM saw 321,500 ounces of gold depart in one day. This was tied for the single biggest daily withdrawal in history - Zerohedge"
 
Pekelo said:
http://www.examiner.com/article/gol...largest-daily-withdrawal-history-leaves-comex

"On Jan. 24, the U.S. Commodities Exchanges (Comex) issued its daily Vault Report and announced that yesterday saw the greatest one day withdrawal of physical gold bullion in history.

...moments ago the daily Comex gold vault report confirmed what many expected, namely that the JPM accumulation was merely in advance anticipation of major withdrawals. How major? Well, on January 23, JPM saw 321,500 ounces of gold depart in one day. This was tied for the single biggest daily withdrawal in history - Zerohedge"
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Does this imply there's unusual level of FEAR in the overall markets ?
 
wrbtrader said:
Does this imply there's unusual level of FEAR in the overall markets ?
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Good question w-trender;
You are probably right, JPM lawyers may have warned them[FED rule] to scale down prop trading, dont really know ''why''

I usually prefer to make trend comments[not a prediction]

GLD is in a 5 year nice UP-trend, + nice 5 year donchian weekly channel uptrend ; red sell volume is trending lower, which can be also bullish.All data candle chart on GLD is uptrending, not a a prediction, simply probability/opprtunity hint:cool:
 
Anyone associated with the physical gold market realizes that there is an extreme supply squeeze going on right now. Almost all mints are having trouble meeting demand.

It's all flowing to Asia. I don't know when gold is going to pop but when it does it is going to be a frenzy.
 
I used to not believe the stories but I truly think that the fed doesn't have the gold it is claiming to hold, or at least it's lent a large part of it out. It's so strange that they are dragging their feet on repatriating the Germans gold. It makes zero sense if they had it they would be able to just ship it off whenever. I understand why they don't want to send it in one block shipment for security reasons, but, I mean 7 years, and they still have barely got anything to them this year. Someone is turned the wrong way in this thing and it's going to get ugly.
 
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