by Steve St. Angelo
While the world awaits the BREXIT vote, the COMEX Registered Silver Inventories reached a new record as it pertains to leverage. Matter-a-fact, the number of owners per ounce of Registered Silver is higher than gold. In the beginning of the year, COMEX Gold Registered inventory owners per ounce spiked to over 500 to 1.
However, the situation for COMEX Registered Gold has calmed down quite a bit as its inventories have risen to 1.7 million oz (Moz) from the low of a 89,000 oz in a little more than six months: