There was little consequential movement of bullion in the Comex warehouses yesterday.
Paper claims on deliverable Comex gold remains historically high at 80 to 1.
This is a Non-Farm Payrolls week, so we ought to be watchful for antics.
The growing gap between the paper gold and physical gold markets is going to catch quite a few people off balance at some point. It could be a long wait, but it is still fun to watch them go through their song and dance routines in the meantime.
Have a pleasant evening.
