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May 27/open Interest For The Upcoming June Contract At 89000 Contracts/false Rumours Of The Greek Settlement Stimulates Bourses Around The World/
harveyorganblog.com / by harveyorgan / May 27, 2015
Here are the following closes for gold and silver today:
Gold: $1185.90 down $1.30 (comex closing time)
Silver $16.63 down 10 cents (comex closing time)
In the access market 5:15 pm
Gold $1187.80
Silver: $16.67
Gold/Silver trading: see kitco charts on the right side of the commentary
Following is a brief outline on gold and silver comex figures for today:
At the gold comex today, we had a poor delivery day, registering 1 notices serviced for 100 oz. Silver comex filed with 66 notices for 330,000 oz
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 243.89 tonnes for a loss of 59 tonnes over that period.
In silver, the open interest rose by 298 contracts as Tuesday’s silver price was down by 30 cents. The total silver OI continues to remain extremely high with today’s reading at 173,629 contracts maintaining itself near multi-year highs despite a record low price. This dichotomy has been happening now for quite a while and defies logic. There is no doubt that the silver situation is scaring our bankers to no end.
In silver we had 66 notices served upon for 330,000 oz.
In gold, the total comex gold OI rests tonight at 411,961 for a loss of 2,921 contracts as gold was down $17.10 yesterday. We had 1 notice served upon for 100 oz. Whenever we approach first day notice, the entire open interest for the gold or silver complex collapses.
Today, we had no changes in inventory at the GLD, thus the inventory rests tonight at 715.86 tonnes. The appetite for gold coming from China is depleting not only gold from the LBMA and GLD but also the comex is bleeding gold.
In silver, /we had a huge withdrawal of 1.003 million oz of silver inventory at the SLV/Inventory rests at 316.927 million oz
We have a few important stories to bring to your attention today…
The post MAY 27/OPEN INTEREST FOR THE UPCOMING JUNE CONTRACT AT 89000 CONTRACTS/FALSE RUMOURS OF THE GREEK SETTLEMENT STIMULATES BOURSES AROUND THE WORLD/ appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/05/27/may-27open-interest-for-the-upcoming-june-contract-at-89000-contractsfalse-rumours-of-the-greek-settlement-stimulates-bourses-around-the-world/
