Loading ...… where yesterday alone 2,125,800 ounces (possible record) … worth some $8 billion … were delivered … with some 23,125 contracts coming out of open interest (OI) … bringing the total back below 500k (neutral) … meaning it’s not overbought.
Gold Futures Volume & Open Interest – CME Group
And silver did alright too for an off month … delivering on 2116 contacts … worth some $11+ million … with OI down 2344 contracts.
What does this mean? In the most important sense … Comex has turned into a physical cash market … with the direst implications for the transnational banking cartel … as deliverable stocks are sure to run out in the not-too-distant future.
It means the game has changed … and they are it.
Chuckle … snort