Market Curiosity: Exploring Markets And Systems

December 7, 2008

Declining gold and silver inventories?

Filed under: Just Watching — Tags: , — Jeff Fitzmyers @ 7:06 am

Dan Norcini writes, “On the delivery front – another 274 [gold contracts] were taken yesterday bringing this month’s total to a very respectable 12,164 [contracts] or 1.2 million ounces. Comex is still reporting registered totals at 2.9 million so about 41% of that gold has been taken.”

Please confirm the math yourself:
The NYMEX Delivery Report
The COMEX Metal Warehouse Stocks

Apparently, by the end of December, deliverable COMEX gold will be reduced by 41% and deliverable COMEX silver reduced by 33%.

If about 35% of available stuff was suddenly leaving, wouldn’t price go up A TAD?

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Blog at

%d bloggers like this: