Good evening Ladies and Gentlemen:
Gold: $1,292.90 up $21.50 (comex closing time)
Silver 17.51 UP 21 cents
In the access market 5:15 pm
Gold $1287.50
silver: 17.42
Let us have a look at the data for today.
At the gold comex today we had a GOOD delivery day, registering 50 notices for 5,000 ounces for gold, and for silver we had 2200 notices for 1,100,000 oz for the non active April delivery month.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 226.122 tonnes for a loss of 77 tonnes over that period.
In silver, the open interest rose by 1772 contracts up to 202,893 despite the fact that the price was silver was up by only 2 cents with respect to yesterday’s trading (and gold down). In ounces, the OI is still represented by just over 1 BILLLION oz i.e. .1.014 BILLION TO BE EXACT or 145% of annual global silver production (exRussia &ex China) We are now within spitting distance of all time highs for OI with respect to silver
In silver we had 220 notices served upon for 1,100,000 oz.
In gold, the total comex gold OI ROSE BY ANOTHER 1122 CONTRACTS UP to 569,492 contracts DESPITE THE FACT THAT THE PRICE OF GOLD WAS DOWN $1.90 with YESTERDAY’S TRADING(at comex closing). i would again suggest that comex officials are facing ‘a Houston, I have a problem’ situation.
First, here is an outline of what will be discussed tonight:
This post was published at Harvey Organ Blog on May 6, 2016.
Follow on Twitter
Recent Comments