Banks Are Restocking Gold at Fastest Pace in Years

The comments below are an edited and abridged synopsis of an article by Schiffgold

Banks are in the process of restocking gold at a pace not seen in years.

Banks Are Restocking Gold at Fastest Pace in Years - BullionBuzz - Nick's Top Six
Small gold nuggets in an antique measuring

This analysis focuses on gold and silver within the Comex/CME futures exchange. The charts and tables included specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.

Up for discussion: Current trends in gold and silver; be cautious; historical perspective; available supply for potential demand; and wrapping up.

“The Comex gold market has been flashing warning signs since early January. This continues to be the case. The latest influx of metal further supports the notion that banks are preparing for higher delivery volume and potentially higher prices. That being said, with over 12 years of experience watching this market, nothing is ever easy or simple. The bullish setup is there, but something tells me this game has a few more twists ahead. Let’s see how the data unfolds.”  

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