Friday, December 09, 2005

It ain't UPS

But from time to time, some big players may actually buy or deliver physical gold at a COMEX warehouse. Something surprising has been happening recently: long speculators are taking delivery in much larger numbers than in the past. Warehouse supplies of gold bullion are still large, but deliveries show a different character of the investors.

Not sure what to make of it, but there it is.


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