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<p>[QUOTE=&quot;doug5353, post: 2233503, member: 73555&quot;]Here are the first few paragraphs of a recent (and complicated) article on the amount of gold COMEX currently holds, versus, the quantity of claims on that gold.&nbsp; Commentary from Hebba Investments LLC on <a href="http://seekingalpha.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://seekingalpha.com" rel="nofollow">http://seekingalpha.com</a> </p><p><br /></p><p>The full article may be seen at <b><a href="http://tinyurl.com/q4ofsmq" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://tinyurl.com/q4ofsmq" rel="nofollow">http://tinyurl.com/q4ofsmq</a></b></p><p><br /></p><p>I have no comment one way or the other, as I pay little attention to COMEX, and in the past 3 years, have bought only 90% silver.&nbsp; Still, there&#039;s some useful info here, especially for those who are undecided about timing their purchases.</p><p><br /></p><p>===================</p><p><font size="6"><b> Without Much Fanfare COMEX Available Gold Drops To Lowest Levels On Record </b></font></p><p>September 6, 2015 | 2:09 AM ET </p><p><br /></p><p><font size="5"><b>Summary</b></font></p><p>Gold available for delivery at the COMEX warehouses has dropped to the lowest levels in the data&#039;s history.</p><p><br /></p><p>The number of contracts per available ounce has also risen to over 125, which is the highest we have ever seen.</p><p><br /></p><p>We think this is a bullish development as less gold available for delivery means that fewer investors are willing to part with gold at these price levels.</p><p><br /></p><p>Last month we <a href="http://seekingalpha.com/article/3386995-some-strange-things-are-happening-at-the-comex-gold-warehouses" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://seekingalpha.com/article/3386995-some-strange-things-are-happening-at-the-comex-gold-warehouses" rel="nofollow">took a look at COMEX inventory</a> which has been reaching lower and lower levels. This week, without much fanfare, those inventories have continued to decline with registered gold inventories (gold available for delivery) reaching all-time low levels.</p><p><br /></p><p>We do believe that keeping track of COMEX inventories is something that is recommended for all serious investors who own physical gold and the gold ETFs (SPDR Gold Shares, Sprott Physical Gold Trust, Central Fund of Canada Limited, etc.) because any abnormal inventory declines or increases may signify extraordinary events behind the scenes that would ultimately affect the gold price. </p><p><br /></p><p>Investors should remember that the gold market is surprisingly opaque for a market that is one of the largest in the world - any data that provides insight into this market should be monitored by serious precious metals investors. [more][/QUOTE]</p><p><br /></p>

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