Excerpt from harveyorgan.blogspot.com
Gold
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Ounces
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Withdrawals from Dealers Inventory in oz
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11,227.021 (Scotia)
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Withdrawals from Customer Inventory in oz
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89,922.953 (JPM, Scotia)
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Deposits to the Dealer Inventory in oz
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nil
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Deposits to the Customer Inventory, in oz
| nil |
No of oz served (contracts) today
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471 (47,100 oz)
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No of oz to be served (notices)
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596 (59,600) oz
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Total monthly oz gold served (contracts) so far this month
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10,399 (1,039,900 oz)
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Total accumulative withdrawal of gold from the Dealers inventory this month
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11,227.021
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Total accumulative withdrawal of gold from the Customer inventory this month
| 184,394.12 |
We had huge activity at the gold vaults.
The dealer had 0 deposits and 1 dealer withdrawal.
i) out of Scotia dealer: 11,227.021 oz leaves the Scotia vault.
We had 0 customer deposits:
total deposit: nil oz
We had 2 huge customer withdrawals :
i) We had 57,901.653 oz leave JPMorgan
ii) we had 32,021.30 oz leave Scotia customer account
total customer withdrawal: 89,922.953 oz
We had 1 adjustment:
Out of the JPMorgan vault: a massive 96,332.191 was adjusted out of the dealer and into the customer account.
Thus the dealer inventory rests tonight at 2.797 million oz (86.99) tonnes of gold.
The total of all gold at the comex rests at 9.113 million oz or 283.4 tonnes.
The CME reported that we had 471 notices filed for 471,100 oz of gold today. The total number of notices so far this month is thus 10,399 contracts x 100 oz per contract or 1,039,900 oz of gold. In order to establish what will be the total number of gold ounces standing, I take the OI for April (1067) and subtract out Monday's delivery notices (471) which leaves us with 590 contracts or 59,600 oz left to be served upon our longs.
Thus we have the following gold ounces standing for metal:
1,039,900 (served) + 59,600 oz (left to be served upon ) = 1,099,500 oz or
34.199 tonnes of gold.
we gained 47,700 oz of additional gold standing for the April gold contract. This is turning out to be a very big delivery month!1
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