"Though justice often moves slowly, it seldom fails to overtake the unjust."
Horace, Odes
There were no deposits into the COMEX warehouses yesterday. Apparently GLD was not able to squeeze out any bars for the banks.
Someone transferred 4,946 ounces of their gold bullion out of the deliverable category at the Brink's warehouse, and out of the COMEX storage complex altogether it seems.
This leaves 664,664 ounces of gold bullion in the deliverable category.
There are a quite a few delivery days left this year.
And there is a shrinking supply of gold available for sale, especially at these artificially low paper prices. And the claims keep piling up, higher and higher.
What happens when some nation less compliant than the Germans asks for the return of its sovereign gold?
Pricing antics and bluff moves aside, I think that the writing is on the wall.
"Mene, Mene, Tekel, Upharsin"
Weighed, and found wanting.
Stand and deliver.
