Gold:1364.40 up $13.00
Silver 20.66 up 20 cents
In the access market 5:15 pm
Gold: 1364.00
Silver: 20.62
For the August gold contract month, we had a HUGE 2096 notices served upon for 209,600 ounces. The total number of notices filed so far for delivery: 8925 for 892,500 oz or tonnes or 27.760 tonnes
In silver we had 120 notices served upon for 600,000 oz. The total number of notices filed so far this month: 121 for 605,000 oz.
The way that silver lagged behind gold today, it sure looks like our criminal banks will try another raid tomorrow on our precious metals.
Let us have a look at the data for today.
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In silver, the total open interest FELL BY A CONSIDERABLE 1,356 contracts DOWN to 221,987 AND CLOSE ITS NEW ALL TIME RECORD AS THE PRICE OF SILVER ROSE BY 15 CENTS WITH YESTERDAY’S TRADING. In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.109 BILLION TO BE EXACT or 159% of annual global silver production (ex Russia &ex China).
In silver we had 120 notices served upon for 600,000 oz
In gold, the total comex gold ROSE BY A SMALLISH 866 contracts as that the price of gold ROSE by $2.40 yesterday. The total gold OI stands at 569,664 contracts.
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With respect to our two criminal funds, the GLD and the SLV:
GLD
we had no change in gold inventory . /
Total gold inventory rest tonight at: 964.03 tonnes
SLV
we had a small change in the SLV, a withdrawal of 40,000 oz, into the SILVER INVENTORY TO THE SLV
Inventory rests at 350.815 million oz.
First, here is an outline of what will be discussed tonight:
This post was published at Harvey Organ Blog on August 2, 2016.
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