Good evening Ladies and Gentlemen:
Here are the following closes for gold and silver today:
Gold: $1189.10 up $6.70 (comex closing time)
Silver $16.44 up 17 cents (comex closing time)
In the access market 5:15 pm
Gold $1188.10
Silver: $16.46
Gold/Silver trading: see kitco charts on the right side of the commentary
Following is a brief outline on gold and silver comex figures for today:
At the gold comex today, we had a poor delivery day, registering 0 notices serviced for nil oz. Silver comex filed with 70 notices for 350,000 oz
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 239.06 tonnes for a loss of 64 tonnes over that period. Looks to me like the comex is bleeding profusely!!
In silver, the open interest rose by 1331 contracts despite the fact that Thursday’s silver price was down by 27 cents The total silver OI continues to remain extremely high with today’s reading at 176,518 contracts maintaining itself near multi-year highs despite a record low price. This dichotomy has been happening now for quite a while and defies logic. There is no doubt that the silver situation is scaring our bankers to no end.
In silver we had 70 notices served upon for 350,000 oz.
In gold, the total comex gold OI rests tonight at 399,877 for a gain of 1183 contracts as gold was down by $7.90 yesterday. We had 0 notices served upon for nil oz.
Today, we had a monstrous withdrawal of 13.43 tonnes of gold inventory from the GLD / Gold Inventory rests at 728.32 tonnes. The appetite for gold coming from China is depleting not only gold from the LBMA and GLD but also the comex is bleeding gold.
In silver, / /we had no changes with respect to silver inventory at the SLV/ and thus the inventory tonight remains at 325.53 million oz
We have a few important stories to bring to your attention today…
This post was published at Harvey Organ Blog on May 8, 2015.
Follow on Twitter
Recent Comments