Gold Daily and Silver Weekly Charts - Deliverable Gold in the Comex Falls To Record Low

http://jessescrossroadscafe.blogspot.com/2015/05/gold-daily-and-silver-weekly-charts_11.html

This is an inactive month for gold on the Comex, and the delivery reports, such as deliveries at The Bucket Shop which are merely an exchange of claim checks, reflect this.

So I was a little surprised to see that in the latest warehouses report the 'registered' or deliverable gold, at these price levels, has fallen to record low levels of 372,235 ounces, or about 11.6 tonnes.

To put that into a more global perspective, the Shanghai exchange alone is actually physically delivering, or withdrawing in excess of 30 tonnes per week.

This is not so much an issue now since this is an 'inactive month' at The Bucket Shop, meaning that the exchange of claim checks takes a back seat to the purer exercise of wagering to an internal set of rules, scheming and bluffing amongst the big swinging dicks of Manhattan, in the manner Liar's Poker, and the long tradition of scheissers and assorted flim-flam men.