Gold:1335.80 DOWN $6.70
Silver 19.67 DOWN 31 cents
In the access market 5:15 pm
Gold: 1336.25
Silver: 19.71
.
For the August gold contract month, we had a small sized 1101 notices served upon for 110,100 ounces. The total number of notices filed so far for delivery: 12,780 for 1,278,000 oz or tonnes or 39.7511 tonnes. The total amount of gold standing for August is 43.9 tonnes.
In silver we had 0 notices served upon for nil oz. The total number of notices filed so far this month: 274 for 1,370,000 oz.
Let us have a look at the data for today
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In silver, the total open interest FELL BY A LARGE 3,864 contracts DOWN to 208,328 YET STILL CLOSE AN ALL TIME NEW ALL TIME RECORD AS THE PRICE OF SILVER FELL BY 15 CENTS WITH YESTERDAY’S TRADING. In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.041 BILLION TO BE EXACT or 149% of annual global silver production (ex Russia &ex China).
This post was published at Harvey Organ Blog on August 12, 2016.
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