Commodity Trade Mantra

Posts Tagged ‘Eligible Gold’

GOLD: Something Seems To Have Snapped At The Comex

In the latest update from the Comex vault, we learn that a whopping 201,345 ounces of Registered gold had been de-warranted & shifted into the Eligible category, reducing the total mount of Comex Registered gold by 73%, from 275K to just 74K overnight. Meanwhile, the aggregate gold open interest remained largely unchanged, at about 40 million ounces.

Comex Registered Gold Hits New Low - Now 293 Oz Of Paper Gold Per Physical Oz

Many vaults continue to see either outright withdrawals of Registered Gold or comparable adjustments. How much longer can this exponential surge in the dilution ratio continue? We don’t know, although with less than 5 tons of registered gold left in the Comex vault system, we hope that the mystery of what is really going on at the Comex will finally be unveiled.

Comex On The Edge? Paper Gold Dilution Hits A Record 124 Per Ounce Of Physical

The 43.5 million oz of paper gold open interest represents the total potential claims on gold if exercised, has to be observed in conjunction with the physical gold that backs such potential delivery requests. With record low 351,519 oz of registered gold imply that as of Friday’s close there was a whopping 123.8 ounces in potential paper gold claims to every ounces of physical gold.

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