Digital Gold and Digital Silver – Flat for the Day
Digital Gold and Digital Silver – Flat for the Day by Harvey Organ
Gold: $1233.60 UP $3.80
Silver: $17.40 UP 2 cents
Closing access prices:
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: 1247.78 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1233.50
PREMIUM FIRST FIX: $14.28
SECOND SHANGHAI GOLD FIX: 1241.60
NY GOLD PRICE AT THE EXACT SAME TIME: 1233.85
Premium of Shanghai 2nd fix/NY:$7.75
LONDON FIRST GOLD FIX: 5:30 am est 1233.00
NY PRICING AT THE EXACT SAME TIME: 1233.00
LONDON SECOND GOLD FIX 10 AM: 1232.40
NY PRICING AT THE EXACT SAME TIME. 1232.40
For comex gold:
NOTICES FILINGS TODAY FOR MARCH CONTRACT MONTH: 13 NOTICE(S) FOR 1300 OZ. TOTAL NOTICES SO FAR: 72 FOR 7200 OZ (0.2239 TONNES)
For silver: MARCH
0 NOTICES FILED TODAY FOR NIL OZ/
Total number of notices filed so far this month: 3296 for 16,480,000 oz
Let us have a look at the data for today.
In silver, the total open interest SURPRISINGLY FELL BY 467 contracts DOWN to 186,523 despite the RISE IN PRICE ( 9 CENTS) WITH RESPECT TO FRIDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.931 BILLION TO BE EXACT or 133% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 0 NOTICE(S) FOR NIL OZ OF SILVER
In gold, the total comex gold also ROSE BY 3,573 contracts WITH THE RISE IN THE PRICE OF GOLD ($3.30 with FRIDAY’S TRADING). The total gold OI stands at 431,292 contracts.
we had 13 notice(s) filed upon for 1300 oz of gold.
With respect to our two criminal funds, the GLD and the SLV:
We had a huge change in tonnes of gold at the GLD: a withdrawal of 6.81 tonnes
no doubt that this gold is heading to Shanghai.
Inventory rests tonight: 830.25 tonnes.
We had a big changes in inventory at the SLV/ a big inventory deposit of 1.232 million oz
THE SLV Inventory rests at: 332.504 million oz
CONTRAST THE GLD INVENTORY LOSS WITH THE SLV SILVER INVENTORY GAIN!!
Let us head over to the comex:
The total gold comex open interest ROSE BY 3,573 CONTRACTS UP to an OI level of 429,290 WITH THE RISE IN THE PRICE OF GOLD ( $3.30 with FRIDAY’S trading). WE PROBABLY HAD SOME MORE SHORT COVERING BY THE BANKERS. 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 6 contract(s) DOWN to 32. We had 0 contact(s) served ON FRIDAY, so we LOST 6 CONTRACT(S) or AN ADDITIONAL 600 ounces will stand for delivery. The next active contract month is April and here we saw it’s OI LOST 2966 contracts DOWN TO 179,914 contracts.
For comparison purposes, the April 2016 contract at this time had an OI of 237,867 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 GAINED 45 contract(s) and thus its OI is 952 contracts. The next big active month is June and here the OI ROSE by 3,497 contracts up to 154,270.
We had 13 notice(s) filed upon today for 1300 oz