Gold: $1083.70 up $2.90 cents (comex closing time)
Silver $14.20 up 2 cents
In the access market 5:15 pm
Gold $1084.20
Silver: $14.27
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 209.83 tonnes for a loss of 93 tonnes over that period.
In silver, the open interest surprisingly rose by a tiny 474 contracts despite silver being down by 2 cents in Friday’s trading. The total silver OI now rests at 165,802 contracts In ounces, the OI is still represented by .829 billion oz or 118% 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 rose by a huge 3752 contracts to 427,799 contracts despite gold being down 10 cents in Friday’s trading. 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 no change in gold inventory at the GLD / thus the inventory rests tonight at 661.94 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, we had another huge deposit of in silver inventory to the tune of 2.145 million oz / Inventory rests at 317.256 million oz.
We have a few important stories to bring to your attention today…
This post was published at Harvey Organ Blog on November 16, 2015.
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