Comex Gold's Open Interest Breaks Into New Territory! Posted January 16th, 2020 at 10:08 AM (CST) by J. Johnson & filed under General Editorial.. Great and Wonderful Thursday Morning Folks, Gold is positive in the early morning with the trade at $1,556.20, up $2.20 after reaching $1,558.20 with the low at $1,551.50. the total comex silver open interest will rise from now on until one week prior to first day notice and that is when they start their criminal liquidation. here is how the crooks used spreading as we are now into the non active delivery month of feb heading towards the active delivery month of march for silver: So The Comex silver open interest represents at 112% of total mine supply. How does that compare to gold? Well, the world is projected to mine about 3,000 mts this year or about 96,000,000 ounces of gold. With each Comex contract representing 100 ounces, a total OI of 503,331 contracts equals 50,333,100 ounces or about 52% of total mine supply. The COMEX market-making Banks have driven total gold open interest to new all-time highs above 700,000 contracts, and with the vast majority of these contracts being found in the current front-month of Dec19, a price drop driven by Speculator liquidation was almost inevitable. And here we are. The quarterly chart of COMEX silver futures open interest highlights that the current open interest of 195,490 contracts representing just under one billion ounces of silver, is the highest in Gold rising on increasing open interest and volume is a sign that the prices are likely to continue to rally, whereas gold rising along with decreasing open interest and/or volume might suggest that the buying power is drying up and thus at least a corrective downswing is to be expected. We hope you enjoyed reading the above definition. As of February's Bank Participation Report, 27 banks [both U.S. and foreign] are net short 36.4 percent of the entire open interest in the COMEX futures market in silver—which is down a bit from the 37.8 percent that they were net short in the January BPR — with much, much more than the lion's share of that held by JPMorgan, Citigroup
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Gold's Comex open interest bullish by Alasdair Macleod for Gold Money This week, gold and silver consolidated at established support levels after their recent slide, having recently tested the $1350 and $16.20 respective supply levels. In European trade this morning Open interest, the total number of open contracts on a security, applies primarily to the futures market. Open interest is a concept all futures traders should understand because it is often used The silver paper futures open interest is now officially over a 1 billion ozs., most of which represents a naked short position in silver. Never in the history of the markets has any futures market been this extraordinarily disconnected from the amount of underlying physical commodity that is available to deliver against those contract open interest. The last time the COMEX silver open interest was this low or lower was in the May 26, 2009 COT report (98,120 contracts open then). For reference, the lowest silver open interest on the chart below occurred with the December 2, 2008 report, at 82,434 contracts open. Gold and silver are acting differently right now. Usually when the open interest in the paper gold (Comex) net short of the bullion banks becomes overweighted, it's a signal that they are getting ready attack the price of gold by triggering massive stop-loss selling by the technically-driven hedge funds.
View links to a range of reports on volume and open interest for products traded on CME Group exchanges: CME, CBOT, NYMEX and COMEX.
I'm going to stop here to let that sink in for a while. So, to control/manage price and to keep the rally contained at just $170 or 15% in the past 100 days, The Comex Banks have issued a whopping 180,424 new paper derivative contracts, growing the total Comex open interest by 47%! Not only that, but 180,424 new contracts is the paper equivalent of over 18,000,000 ounces of "gold", created All market data contained within the CME Group website should be considered as a reference only and should not be used as validation against, nor as a complement to, real-time market data feeds. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). I thought I would quickly explain from a technical perspective what is happening. Whether or not you want to believe that the Comex metals markets are manipulated, there is no question that there is a high correlation between sharp market moves in gold and silver and moves in the open interest of Comex gold/silver futures. Volume and open interest reports for CME Group futures and options contain monthly and weekly data available free of charge. Please note: The Daily Volume and Open Interest Report is released at the end of each trading day and is a preliminary report.CME Group releases official data in the Daily Bulletin the following morning. Preliminary reports may be different from the final report.
Gold and silver didn't do much anywhere on planet earth yesterday. Their respective lows were at the Comex open… and a $10 rally in gold, along with a 30 cent rally in silver, came to an abrupt end just minutes after London closed for the weekend.
Comex volumes for gold were healthy rather than spectacular and for silver were moderate. It is notable that gold's open interest on Comex has increased by 65,000 contracts in the last eight trading sessions, the equivalent of 202 tonnes. Silver and Golds Open Interest Continues Higher, As Does The Printing! Posted January 13th, 2020 at 9:32 AM (CST) by J. Johnson & filed under General Editorial.. Great and Wonderful Monday Morning Folks, Gold is trading at $1,554.40, down $5.70 after being dipped to $1,547.00 with the starting point high at $1,563.10. The Commodity Futures Trading Commission (Commission or CFTC) publishes the Commitments of Traders (COT) reports to help the public understand market dynamics. Specifically, the COT reports provide a breakdown of each Tuesday's open interest for futures and options on futures markets in which 20 Turning to COMEX silverit, too, has seen its open interest and Bank positioning increase greatly in 2019, but not nearly to the extreme as COMEX gold. Therefore, the fight for gains will be challenging but not insurmountable. In our 2010+9 forecast last year, I thought COMEX silver could reach all the way to $20 and maybe even $22. in silver the comex oi rose by a huge sized 1330 contracts from 226,194 up to 227,524 despite the huge 57 cent loss in silver pricing at the comex.. today we arrived further from august's 2018 record setting open interest of 244,196 contracts. As of last Thursday, total Comex silver open interest has now risen to a new alltime high of 227,498 contracts. This exceeds the previous alltime high of 224,540 seen on August 2 of last year and, as a reference, this is fully 50% higher than the common open interest totals back during the fun years of 2010 and 2011.
The London Metal Exchanges publishes two types of open interest reports. Exchange Open Interest (EOI) and Market Open Interest (MOI). Both EOI and MOI are
in silver, the total open interest rose by a large 1,243 contracts up to 229,227 despite the fall in price ( 12 cents) with respect to yesterday's trading. the hedge funds (managed money) continue to remain steadfast with their positions on downdraft days like yesterday while adding to their longs on good days. the total comex silver open interest will rise from now on until one week prior to first day notice and that is when they start their criminal liquidation. here is how the crooks used spreading as we are now into the non active delivery month of feb heading towards the active delivery month of march for silver: I'm going to stop here to let that sink in for a while. So, to control/manage price and to keep the rally contained at just $170 or 15% in the past 100 days, The Comex Banks have issued a whopping 180,424 new paper derivative contracts, growing the total Comex open interest by 47%! Not only that, but 180,424 new contracts is the paper equivalent of over 18,000,000 ounces of "gold", created
The Overall Open Interest in Comex Silver is now at 223,969 Overnighters, showing only 36 contracts being added during yesterday's slow trade day. The Open Interest Column has been our focus for years and with that, the Volume as well. Things have sure turn silent within Comex Silver's trading arena (if we can call it that anymore). So if for June 2010 silver there are 13,580 longs (in which case there are also 13,580 shorts), you would say the open interest for June, 2010 silver is 13,580. Registered - When referring to silver in a warehouse, it means that the silver is owned by COMEX and/or bullion banks, and can be bought by shorts for delivery. See also Eligible. Short Comex is a place where people sell silver and gold they don't have to people who don't want to buy it. Fractional Reserve Silver. This concept was not lost on Kyle Bass, who manages the University of Texas' gold holdings. He explains that the open gold short interest far exceeds the amount of gold that the Comex has in its vaults. silver paper futures open interest is now officially over a 1 billion ozs - Comex Silver Is The Most Corrupted Market In History The silver paper futures open interest is now officially over a 1 billion ozs., most of which represents a naked short position in silver.