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Tekoa da Silva: Comex physical gold drain accelerates

Section: Daily Dispatches

5p ET Wednesday, April 24, 2013

Dear Friend of GATA and Gold:

The collapse of gold inventories at the New York Commodities Exchange, exchange-traded funds, and other depositories, which began before the recent price smash, is accelerating, Tekoa da Silva reports today at the Bull Market Thinking Internet site. Da Silva adds that the decline in metal held by the Comex and the exchange-traded fund GLD is especially pronounced. The implication is that investors are realizing that real metal is terribly oversubscribed and that if they want to secure theirs, they better get it out of the oversubscription system. Da Silva's commentary is headlined "Comex Physical Drain Accelerates -- With Over $7.8 Billion in Gold Disappearing from All Depositories" and it's posted at Bull Market Thinking here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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