by Harvey Organ, HarveyOrgan.Blogspot.ca:
Good evening Ladies and Gentlemen:
Gold closed down $2.50 to $1370.60 (comex closing time ). Silver was down 11 cents to $22.96 (comex closing time).
In the access market today at 5:15 pm tonight here are the final prices:
gold: $1366.70, silver: $22.90
At the Comex, the open interest in silver fell by 2708 contracts to 131,076 with silver down 9 cents on closing Tuesday night. The open interest on the entire gold comex contracts rose by 2600 contracts to 385,410 with gold’s rise in price on Tuesday to the tune of $6.90 .
Tonight, the Comex registered or dealer inventory of gold rises tonight, but it is still well below the 1 million oz mark, at 797,134.62 oz or 24.79 tonnes. This is dangerously low especially when we are now into the August delivery month. The total of all gold at the comex (dealer and customer) tonight rests just below the 7 million oz barrier resting at 6.982 million oz or 217.17 tonnes.
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