几乎所有实物金流向上海。
Comex Gold - December Open Interest
For those who follow gold you might be interest in this:
Yesterday comex gold volume was heavy - 250,000 contracts. December open interest- preliminary at the close of 11/25/13 - dropped to 84400 contracts, down about 20,000 contracts. First issue is 11/27/13.
84,400 contracts is about 260 tons of gold. Undoubtedly,open interest for December will drop some. The drop over the last several days has been about 20,000 per day so if it continues at this rate at the close of 11/27/13 open interest would be 136 tons. Registered inventory is currently about 18 tons.
Premiums in Asia are very high - $100 plus in India, $30 in China. My guess is that some investors are borrowing gold, selling it at the Asia spot and buying December comex. The gold forward cost is insignificant.
The gld dropped yesterday by 3.3 tons. Last week it dropped 13.5 tons. Most of it will end up in the vault in shanghai.
Last year, the bullies had to bring in about 30 tons of gold for December issues. This year it looks like it's going to be much more. Don't think Uncle Ben helicopter can transport 136 tons of gold. December issues could be a very major event.
| Replies to this message | Recs | Date Posted |
| # 283404 by hobbs_o | 1 | 11/26/2013 7:18:03 AM |
| # 283405 by voolfie | 1 | 11/26/2013 8:28:06 AM |
