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TF Metals Report: New record low Comex gold inventory
7:26p ET Tuesday, January 26, 2016
Dear Friend of GATA and Gold:
Gold ready for delivery against futures contracts on the New York Commodities Exchange is down to 74,000 ounces or a mere 2 tonnes, the TF Metals Report's Turd Ferguson writes tonight, moving the exchange's nominal paper-to-metal ratio up to 542 to 1. Delivery data for the bullion bank traders, Ferguson writes, suggests that they are mainly just swapping gold among each other each month to maintain the illusion of serious trading. Ferguson's report is headlined "New Record Low Comex Gold Inventory" and it's posted at the TF Metals Report's Internet site here:
http://www.tfmetalsreport.com/blog/7403/new-record-low-comex-gold-inventory
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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