A HUGE 44.7 TONNES OF GOLD STANDING FOR THE AUGUST CONTRACT MONTH/OI FOR SILVER REMAINS AT LOFTY LEVELS: 222,909 CONTRACTS CLOSE TO RECORD SET YESTERDAY/THURSDAY NIGHT-FRIDAY MORNING TURMOIL IN JAPAN AS THEY DISAPPOINT THE STREET/YEN RISES/USA 2ND QUARTER, GDP ADJUSTED TO ONLY 1.2% WHICH SENDS THE DOLLAR TANKING AND GOLD RISING/GERMANY REPATRIATES OVER 30 TONNES OF GOLD ONTO ITS SHORES!
For the August gold contract month, we had a gigantic 5028 notices served upon for 502,800 ounces on first day notices. The total number of notices filed so far for delivery: 5058 for 502,800 oz or tonnes or 15.63 tonnes
In silver we had 3 notices served upon for 15,000 oz to finish the July contract month. The total number of notices filed so far this month for delivery: 2474 for 12,370,000 oz and that completes July.
In August we had 0 notices filed
In silver we had 3 notices served upon for 15,000 oz to finish the July contract month. The total number of notices filed so far this month for delivery: 2474 for 12,370,000 oz and that completes July.
In August we had 0 notices filed
We have now finished options expiry month for gold and silver:
ii)The OTC options in London expired Friday at noon July 29.
Today is First day notice for the gold contract and we have a monstrous 44.7 tonnes of gold standing. And if we have the same modus operandi as previous months,the final standing at the end of the month will see greater amounts added. We may have greater than 50 tonnes of gold eventually standing for the August contract month.
Also in silver we see the OI remain at lofty levels trapping our bankers who cannot escape as OI long holders refuse to pitch their longs.
Let us have a look at the data for today
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In silver, the total open interest fell
BY A tiny 292 contracts DOWN to 222,909 AND CLOSE TO ITS NEW ALL TIME
RECORD AS THE PRICE OF SILVER ROSE BY 20 CENTS IN YESTERDAY’S TRADING.In
ounces, the OI is still represented by just over 1 BILLION oz i.e.
1.114 BILLION TO BE EXACT or 159% of annual global silver production (ex
Russia &ex China).In silver we had 3 notices served upon for 15,000 oz to complete July
and zero notices filed upon for August..
In gold, the total comex gold fell BY A CONSIDERABLE 5058 contracts despite the fact that the price of gold ROSE by $5.90 yesterday. The total gold OI stands at 563,612 contracts.
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GLD
we had a big deposit of 3.86 tonnes in gold inventory . /
Total gold inventory rest tonight at: 958.09 tonnes
SLV
we had no changes, into the SILVER INVENTORY TO THE SLV
Inventory rests at 349.720 million oz.
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