COMMODITIES · LIVE DATA

COMEX Registered Gold Is Down 40% This Year.

The warehouse is draining. Paper claims are rising. The coverage ratio is tightening.

This is the data institutions watch before the opening bell. Now it's on your screen. Updated every 60 seconds.

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MACRO CONTEXT · 50+ YEARS

Metals vs. the S&P 500 — The Long View

LBMA · S&P 500 year-end · live tail

Gold / S&P 500

XAUUSD ÷ SPX · 19752025

0.488

Current

Peak 1980 (~4.52) ended the commodity super-cycle. Troughs mark historic accumulation windows.

Silver / S&P 500

XAGUSD ÷ SPX · 19752025 · ×100

0.541

Current ×100

Silver is historically more volatile than gold. Extreme lows (late '90s, 2001, 2015) preceded the strongest rallies.

9:41

Silver COMEX Inventory

Registered vs. Eligible (Moz)

95 EXTREME

Stress Index

MayApr

68 Moz

Registered

12.7%

Coverage

▼ 54%

12mo Change

Registered
Eligible

WAREHOUSE DATA

Registered vs. Eligible. The Ratio Matters.

Registered gold is metal that's available for delivery. Eligible is stored but not offered. When registered inventory drops while open interest stays flat — that's when the coverage ratio tightens.

We track it daily. 12-month trend charts. Gold and silver. Updated from CME Group feeds.

  • ✓ Registered vs. Eligible — deliverable vs. stored
  • ✓ Coverage Ratio — paper claims per physical ounce
  • ✓ 12-Month Charts — spot the drawdown before it's news

PORTFOLIO TRACKING

Snap. Scan. Stacked.

Point your phone at any dealer receipt, vault statement, or handwritten note. Our AI extracts the details — metal type, weight, price paid, date — in seconds.

Works with APMEX, JM Bullion, SD Bullion, Singapore vaults, and handwritten records.

Reads anything

Printed invoices. Handwritten notes. PDFs.

Converts currencies

CAD, EUR, GBP, SGD → USD automatically

Calculates cost basis

Per-ounce cost. Total investment. ROI.

Live valuations

60-second spot prices. S&P benchmark.

9:41

My Stack

vs S&P: +14.2%
MetalQtyValueGain
Gold10 oz$32,470+76.3%
Silver100 oz$4,218+70.1%
Platinum5 oz$5,225+7.7%
Total Portfolio
$41,913+62.8%

MACRO INTELLIGENCE

Money Printing Tracker

Track the monetary backdrop behind every metals move. Reverse repo operations. M2 money supply. Government spending. Real-time FRED data.

  • ✓ Reverse Repo — Hidden Fed liquidity
  • ✓ M2 Money Supply — Inflation fuel
  • ✓ Gov't Spending — Fiscal injection
9:41
💵 Money Printing TrackerFRED / M2 Supply
US M2 Money Supply$21.5T
JanJunDec
YoY Change
+3.2%
Gold / M2
0.121
Silver / M2
0.0014

“Finally — a dashboard that shows what actually matters. COMEX drawdowns. Coverage ratios. The gold/silver spread. This is what I was looking for.”

— Winston Community · 15K members

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  • ✓ Metals / S&P 500 Ratio Charts
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Not Financial Advice

The information provided on this website is for educational and informational purposes only and should not be construed as financial, investment, tax, or legal advice. Investing involves risk, including the potential loss of principal. Past performance does not guarantee future results. You should consult a qualified financial advisor before making any investment decisions. Metal Minute by Winston is a product of Skillset Solutions FZ LLC and is not a registered broker-dealer or investment advisor.