Silver Standing for Delivery Increases As “Price” Remains Flat
Silver Standing for Delivery Increases As “Price” Remains Flat – Harvey Organ
Gold: $1227.70 UP $.50
Silver: $16.27 DOWN 1 cent(s)
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: $1241.52 DOLLARS PER OZ
NY PRICE OF GOLD AT EXACT SAME TIME: 1230.65
PREMIUM FIRST FIX: $10.87
SECOND SHANGHAI GOLD FIX: $1240.25
NY GOLD PRICE AT THE EXACT SAME TIME: 1230.25
Premium of Shanghai 2nd fix/NY:$10.20
LONDON FIRST GOLD FIX: 5:30 am est $1229.70
NY PRICING AT THE EXACT SAME TIME: $1229.70
LONDON SECOND GOLD FIX 10 AM: $1229.80
NY PRICING AT THE EXACT SAME TIME. $1229.80
For comex gold:
NOTICES FILINGS TODAY FOR APRIL CONTRACT MONTH: 15 NOTICE(S) FOR 1500 OZ.
TOTAL NOTICES SO FAR: 374 FOR 37400 OZ (1.1632 TONNES)
For silver: MAY
99 NOTICES FILED TODAY FOR 495,000 OZ/
Total number of notices filed so far this month: 4107 for 20,535,000 oz
For 6 consecutive days, the amount standing for physical has risen. On First day notice 16.8 million oz were standing. Tonight 21.5 million oz. It sure looks like a sovereign is after physical silver and the comex is the place being raided.
stay tuned on this development..
Let us have a look at the data for today
In silver, the total open interest SURPRISINGLY ROSE BY 1,778 contracts UP to 190,305 DESPITE THE SLIGHT RISE IN PRICE THAT SILVER TOOK WITH RESPECT TO YESTERDAY’S TRADING (UP ONLY 4 CENTS). In ounces, the OI is still represented by just UNDER 1 BILLION oz i.e. 0.951 BILLION TO BE EXACT or 136% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MAY MONTH/ THEY FILED: 99 NOTICE(S) FOR 495,000 OZ OF SILVER
In gold, the total comex gold FELL BY A MONSTROUS 15,183 contracts DESPITE THE SLIGHT RISE IN THE PRICE OF GOLD ($0.10 with FRIDAY’S TRADING). The total gold OI stands at 443,343 contracts.
we had 15 notice(s) filed upon for 1500 oz of gold.
With respect to our two criminal funds, the GLD and the SLV:
We had no changes in tonnes of gold at the GLD:
Inventory rests tonight: 853.08 tonnes.
Strange!!! We had no changes in silver inventory at the SLV today.
THE SLV Inventory rests at: 334.777 million oz
Let us head over to the comex:
The total gold comex open interest FELL BY A HUGE 15,183 CONTRACTS DOWN to an OI level of 443,343 DESPITE THE SLIGHT RISE IN THE PRICE OF GOLD ( $0.10 with FRIDAY’S trading). The longs I guess had had enough as they finally liquidated some of their contracts with the constant torment they received over the past two weeks. We are now in the contract month of MAY and it is one of the POORER delivery months of the year. In this MAY delivery month we had A LOSS OF 22 contract(s) FALLING TO 62. We had 27 notices filed yesterday so we GAINED 5 contracts or an additional 500 oz are standing for delivery and no contracts were cash settled through the EFP route where they receive a cash bonus plus a future gold contract.
The next big active month is June/2017 and here the OI LOST A WHOPPING 24,778 contracts DOWN to 272,648. The non active July contract gained another 22 contracts to stand at 268 contracts. The next big active month is August and here the OI gained 8054 contracts up to 80,946.
We had 15 notice(s) filed upon today for 1500 oz