Loading ...I always wondered what the gold market would look like when the idiots in New Jerk and Washington started buying … now we know …
Record gold buying on the October contract for immediate delivery
Activity on the October gold contract has been sizzling as 10,274 contracts (32 tonne) have been written over just the last 5 trading days (Oct 7, 8, 9, 10 & 13). This is during the delivery period so all that activity is being bought for physical delivery.
That 5 day surge brings the total new contracts since first notice day to 13,953 which is far above average and a record at this point in the delivery period.
Record gold buying on the October contract for immediate delivery
Still a long way to go in the month.
Chuckle … snort