Where there's smoke, there's fire

The Achilles heel of the paper market is phyiscal possession.

Where there's smoke, there's fire.

Headline: Gold Movements Suspect

A rough rule of thumb I follow is that once is a coincidence and twice is a pattern. There has been a run on COMEX silver inventories since June 16. Now there are strange developments with COMEX gold inventories.

There were unusual movements of COMEX gold inventories on July 28 and July 30 that 1) coincidentally roughly equaled what was needed for the sellers of contracts to meet delivery requirements, and 2) may indicate that unusually large quantities of COMEX gold will be withdrawn by the end of August.

Source: numismaster.com