The
total gold comex open interest rose today by 4148 contracts from
378,368 up to 382,516 as gold was thrashed $32.50 yesterday. Usually
when gold/silver is hit, the OI falls. The
biggest of all delivery months is the December contract month. The
December OI contract month fell by 49 contracts to 2,185. We had 44
notices filed yesterday so we lost 5 gold contracts or 500 oz will not
stand for the December contract month. The
next non active delivery month is January and here the OI rose by 62
contracts up to 497. The next big active month for gold is February and
here the OI rose by 3451 contracts to 235,222 . The estimated volume
today was poor at 111,754 contracts. The confirmed volume yesterday was
better but still on the low side at 163,088. However when we see a
raid usually the HFT traders swell the volume considerably. The CME
group are still not too happy to see volumes continue to contract like
today, as it seems everyone is aware that the comex casino is crooked.
No comments:
Post a Comment