Commodity Trade Mantra

Posts Tagged ‘Gold Open Interest’

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.

Paper Gold vs Physical Gold: Something Just Snapped At The Comex

If last month was shocking, then what the COMEX revealed yesterday was absolutely jaw-dropping. What was already a record dilution factor, with over 200 ounces of paper gold claims for every ounce of deliverable gold, just soared even more & following today’s 8% drop, there is now a unprecedented 228 ounces of paper claims for every ounce of deliverable registered gold.

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