16.5 Tons of Gold Still Standing for June Contracts!!

Good evening Ladies and Gentlemen:

Today’s quote from Martin Schulz, President of the European Parliament…

Schulz: The British have violated the rules. It is not the EU philosophy that the crowd can decide its fate“.

Gold:  $1,322.50 UP $2.30    (comex closing time)

Silver 17.74  down 5 cents

In the access market 5:15 pm

Gold: 1325.00

Silver: 17.76.

The June gold contract is an active contract. Last  night we had a fair sized 41 notices filed last night, for 4100 oz to be served upon today.  The total number of notices filed in the first 17 days is enormous at 15,481 for 1,548,100 oz.  (48.15 tonnes)

ii) in silver we had 31 notices filed for 155,000 oz..  Total number of notices served  in the 17 days: 615 for 3,075,000 oz

Let us have a look at the data for today.

Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 278.966 tonnes for a loss of 24 tonnes over that period

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In silver, the total open interest fell by a considerable 1,533 contracts down to 217466, AND NOW CLOSE TO A  ALL TIME RECORD DESPITE THE FACT THAT  THE  PRICE OF SILVER WAS UP 44 CENTS with respect to FRIDAY’S trading.In ounces, the OI is still represented by just over 1 BILLION oz i.e. 1.087 BILLION TO BE EXACT or 155% of annual global silver production (ex Russia &ex China)

In silver we had 31 notices served upon for 155,000 oz.

In gold, the total comex gold OI ROSE by a HUGE 50,091 contracts UP to 619,597 as the price of gold was UP $58.80 with FRIDAY’S trading (at comex closing). 

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