by Harvey Organ, HarveyOrgan.Blogspot.ca:
At the Comex, the open interest in silver fell by 1443 contracts to 132,284 with silver up 39 cents on closing Friday night.
The open interest on the entire gold comex contracts fell by 10,937 contracts to 380,782 with gold’s rise in price on Friday to the tune of $6.10 .
Tonight, the Comex registered or dealer inventory of gold fell slightly again, but it is still well below the 1 million oz mark, at 796,034.708 oz or 24.76 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) fell tonight resting just below the 7 million oz barrier resting at 6.981 million oz or 217.17 tonnes.
JPMorgan’s customer inventory falls tonight to 130,044.021 oz or 4.04 tonnes. It’s dealer inventory remains constant at 286,485.185 oz (8.91 tonnes)
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