First, let me caveat with what I always state when analyzing COMEX inventories – or, for that matter, any information emanating from government and/or “quasi-government” agencies (in this case, the CME, which I consider the latter). That is, don’t believe everything you read, as it may be “fudged” to serve those seeking to harm you. After all, it was just three months ago when the COMEX quietly added the below disclaimer to the bottom of its weekly inventory reports…
The
information in this report is taken from sources believed to be
reliable; however, the Commodity Exchange, Inc. disclaims all liability
whatsoever with regard to its accuracy or completeness. This report is
produced for information purposes only.
-The Golden Truth, June 4, 2013
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