The big gold squeeze - Part 2

Posted | 24/01/2014 / Views | 2151
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On Wednesday we talked to a chart of the massive decline in registered gold in Comex, down to only 370,000 oz.  The other part of that story is illustrated in the chart below which shows the record high number of contracts having claim to this paltry amount.  Veteran futures trader Tres Knippa warns that if just 1 entity asks for delivery of a position-limit-size long in gold, it will absorb 81% of COMEX's inventory... and if 2 entities were to do so... Comex has a problem.  Comex’s problem could be physical gold holders dream come true as this may see gold prices explode.The big gold squeeze - Part 2