The withdraws of COMEX gold and silver are continuing. In gold a total of 60,999 ounces were withdrawn yesterday, with 19,268 ounces coming from the Scotia Mocatta warehouse and the remainder coming from HSBC. Total COMEX gold holdings are now down to 8,115,689 ounces of which 2,402,463 ounces is registered. In silver a significant 1,169,649 ounces were withdrawn yesterday, all from the Scotia Mocatta warehouse. That is two 18 wheelers worth, fully loaded. Total COMEX silver holdings are now down to 129,034,435 ounces.
Dave from Denver on the same…
Yesterday 1.2 million ounces of silver left the Comex and 61,000 ozs. of gold, 1.7 tons. The November o/i in gold is now down to 8 contracts, so the contracts were either retendered or delivered. We won't know for a few days what that situation is, as in my experience sometimes when I've been given notice, it takes a few days before the Comex actually ships the gold. At least 61 of yesterday's 800 and change November o/i was delivered. This will be interesting to watch over the next 12 days to see how much gold and silver are removed.
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Houston’s Dan Norcini responded…
Dave;
See my comments on the charts from both yesterday and today… the 886 increase in November last week was for the express purpose of taking delivery. Bank of Nova Scotia took most of them. They were all assigned on Friday of last week and come off the books the following trading session. I am watching to see if BNS retenders any of it or holds it all.
Dan |
