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VOIMA/Jan Nieuwenhuijs/7-22-2020
“Three elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage.”
USAGOLD note: Jan Nieuwenhuijs applies his strong analytical skills to the huge increase in COMEX gold warehouse stocks and includes a group of interesting charts to help make his point.
Chart courtesy of GoldChartsRUs.com • • • Click to enlarge