15 November 2013

Gold Daily and Silver Weekly Charts - Claims Per Ounce at 69 to 1

Nothing much of note in the metals today as they continued to bump into overheard resistance.

There was little movement of gold bullion in or out of the Comex warehouses.

I had asked Nick Laird of Sharelynx to check his figures and it turns out that the 'claims per ounce' from yesterday were a bit light at 63.  That did seem very little for a 51,000 ounce change in registered inventory.

A corrected chart is shown below. 

We are at an all time record of 69 potential claims for each ounce of deliverable gold.

Koosjansen has a new update on 'West To East Gold Distribution'

Have a nice weekend.