GOLD UP $26.40/SILVER UP 41 CENTS

GOLD UP $26.40/SILVER UP 41 CENTS

Gold: $1226.50 UP $26.40

Silver: $17.29 UP 41 cents

Closing access prices:

Gold $1227.12

silver: $17.33

SHANGHAI GOLD FIX: FIRST FIX 10 15 PM EST (2:15 SHANGHAI LOCAL TIME)

SECOND FIX: 2:15 AM EST (6:15 SHANGHAI LOCAL TIME)

SHANGHAI FIRST GOLD FIX: 1239.35 DOLLARS PER OZ

NY PRICE OF GOLD AT EXACT SAME TIME: 1225.50

PREMIUM FIRST FIX: $13.85

SECOND SHANGHAI GOLD FIX: 1241.99

NY GOLD PRICE AT THE EXACT SAME TIME: 1226.75

Premium of Shanghai 2nd fix/NY:$15.24

LONDON FIRST GOLD FIX: 5:30 am est 1225.60

NY PRICING AT THE EXACT SAME TIME: 1224.50

LONDON SECOND GOLD FIX 10 AM: 1229.35

NY PRICING AT THE EXACT SAME TIME. 1228.10

For comex gold:

MARCH

NOTICES FILINGS TODAY FOR MARCH CONTRACT MONTH: 0 NOTICE(S) FOR nil OZ. TOTAL NOTICES SO FAR: 59 FOR 5900 OZ (0.1835 TONNES)

For silver:

For silver: MARCH

154 NOTICES FILED TODAY FOR 770,000 OZ/

Total number of notices filed so far this month: 3224 for 16,120,000 oz

Let us have a look at the data for today.

In silver, the total open interest ROSE by 2,620 contracts UP to 189,556 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.948 BILLION TO BE EXACT or 135% of annual global silver production (ex Russia & ex China).

FOR THE NEW FRONT MARCH MONTH: THEY FILED: 154 NOTICE(S) FOR 770,000 OZ OF SILVER

In gold, the total comex gold ROSE BY 4677 contracts EVEN WITH THE FALL IN THE PRICE OF GOLD ($1.80 with YESTERDAY’S TRADING). REMEMBER THAT THE OPEN INTEREST READINGS ARE AT THE CLOSE OF COMEX TRADING YESTERDAY. THE HUGE RISE IN THE PRICE OF THE METALS OCCURRED AT 2 PM AFTER THE COMEX CLOSED. The total gold OI stands at 430,847 contracts.

we had 0 notice(s) filed upon for NIL oz of gold.

With respect to our two criminal funds, the GLD and the SLV:

GLD:

We had no changes in tonnes of gold at the GLD:

Inventory rests tonight: 839.43 tonnes.

SLV

We had no changes in inventory at the SLV/

THE SLV Inventory rests at: 331.272 million oz

end

Let us head over to the comex:

The total gold comex open interest ROSE BY 4677 CONTRACTS UP to an OI level of 430,847 WITH THE FALL IN THE PRICE OF GOLD ( $1.80 with YESTERDAY’S trading). We are probably only 40,000 contracts away from rock bottom (393,000). We are now in the contract month of MARCH and it is one of the poorer delivery months of the year. In this MARCH delivery month we had a LOSS of 2 contract(s) DOWN to 24. We had 0 contact(s) served YESTERDAY, so we LOST 2 CONTRACT(S) or AN ADDITIONAL 200 ounces will NOT stand for delivery. The next active contract month is April and here we saw it’s OI LOSE 401 contracts DOWN TO 190,540 contracts.

For comparison purposes, the April 2016 contract at this time had an OI of 244,484 contracts. At the end of April/2016 only 12.3917 tonnes stood for physical delivery, although 21.306 tonnes stood initially at the beginning of April 2016.

The non active May contract month GAIN 53 contract(s) and thus its OI is 927 contracts. The next big active month is June and here the OI ROSE by 3852 contracts up to 147,956.

We had 0 notice(s) filed upon today for NIL oz

Continue Reading / Harvey Organ>>>

Sharing is caring!