Now you see it, now you don't. Holy cr*p. Gold Maples used to trade at a significant premium over 1 oz Gold wafers in the not that distant past before the Great Gold Rush of 2013 kicked off. Yet in recent weeks the wafers are now selling at nearly price parity with the MLs. Sinclair's right on the mark (again) as he cautioned us many weeks ago to carefully monitor the premiums for Gold as a sign of continued drawdowns of existing stockpiles. TPTB has their work cut out if indeed Bo Polny's brief correction of the paper POG is at hand. Can't let the Hedgies get too greedy at the risk of further escalating the rate of mass physical accumulation. I gather this predicament will restrict any short-term weakness in Gold and the ticker will not be allowed to violate the previous low of US$1320.

http://www.zerohedge.com/news/2013-06-05/jpmorgan-parts-another-21000-ounces-gold-holdings-drop-new-record-low