from Silver Doctors:
The gold comex today had a poor delivery day, registering 0 notices served for 800 oz. Silver comex registered 57 notices for 185,000 oz.
A few months ago the comex had 303 tonnes of total gold. Today the total inventory rests at 244.51 tonnes for a loss of 59 tonnes over that period.
In silver, the open interest fell by a small 917 contracts with Wednesday’s loss in price of only $0.05. Looks like some of the shorts are vacating the arena. For the past year, we have been witnessing massive liquidation of contracts despite the fact that it costs nothing to roll. This makes no sense and it smacks of cash settlements which are totally illegal. Since I have been following comex data, I have never witnessed such a massive liquidation in both gold and silver. The total silver OI still remains relatively high with today’s reading at 147,505 contracts. The big December silver OI contract lowered by 117 contracts down to 611 contracts.
Please follow SGT Report on Twitter & help share the message.