Gold: $1088.20 up $0.30 (comex closing time)
Silver $14.36 down 6 cents
In the access market 5:15 pm
Gold $1086.00
Silver: $14.31
First, here is an outline of what will be discussed tonight:
At the gold comex today, we had a very poor delivery day, registering 0 notice for nil ounces. Silver saw 0 notices for nil oz.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 208.72 tonnes for a loss of 94 tonnes over that period.
In silver, the open interest surprisingly fell by a considerable 2843 contracts despite silver being down by only 6 cents in yesterday’s trading. The total silver OI now rests at 162,435 contracts In ounces, the OI is still represented by .812 billion oz or 116% of annual global silver production (ex Russia ex China).
In silver we had 0 notices served upon for nil oz.
In gold, the total comex gold OI fell by 378 contracts to 436,426 contracts as gold was only down by $0.30 yesterday. It seems the modus operandi of the bandits is to liquefy gold/silver OI as be approach first day notice on Monday, November 30. We had 0 notices filed for nil today.
We had a huge withdrawal in gold inventory at the GLD to the tune of 3.00 tonnes / thus the inventory rests tonight at 663.43 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. Our 670 tonnes of rock bottom inventory in GLD gold has been broken. It looks to me that China has taken the last amounts of physical gold from the GLD. I guess the only place left for China to receive physical gold, after they deplete the GLD will be the FRBNY and the comex. In silver, no change in silver inventory / Inventory rests at 313.681 million oz.
We have a few important stories to bring to your attention today…
This post was published at Harvey Organ Blog on November 11, 2015.
Follow on Twitter
Recent Comments