Gold:1344.30 UP $5.30
Silver 20.13 up 32 cents
In the access market 5:15 pm
Gold: 1347.00
Silver: 20.17
For the August gold contract month, we had a good sized 102 notices served upon for 10,200 ounces. The total number of notices filed so far for delivery: 11,645 for 1,164,500 oz or tonnes or 36.221 tonnes
In silver we had 3 notices served upon for 15,000 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 4,597 contracts DOWN to 210,647 YET STILL CLOSE AN ALL TIME NEW ALL TIME RECORD DESPITE THE FACT THAT THE PRICE OF SILVER ROSE BY 4 CENTS WITH YESTERDAY’S TRADING. In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.053 BILLION TO BE EXACT or 150% of annual global silver production (ex Russia &ex China).
In silver we had 3 notices served upon for 15,000 oz
In gold, the total comex gold ROSE 605 contracts as the price of gold ROSE by $4.60 YESTERDAY. The total gold OI stands at 575,399 contracts.
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With respect to our two criminal funds, the GLD and the SLV:
GLD
we had no changes in GLD/
Total gold inventory rest tonight at: 972.62 tonnes
SLV
we had no changes in the SLV, / THE SLV/Inventory rests at: 351.765 million oz.
First, here is an outline of what will be discussed tonight:
This post was published at Harvey Organ Blog on August 10, 2016.
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