PBUG - Comex Inventory: Gold Outflows Accelerate While Silver Sees Significant Shuffling
- After restocking inventories for two months in March and April, Comex vaults have seen more than a third of the restocking removed in May and June.
- Silver saw a big move into Eligible last month (8.7M ounces). Part of it was sourced from Registered, which lost 6M.
- With the Fed on an aggressive trajectory and the economy hurtling towards stagflation, things are sure to get more volatile in the months ahead.
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Comex Inventory: Gold Outflows Accelerate While Silver Sees Significant Shuffling