Source - http://mashable.com
By - Harvey Organ
Category - Gold Buyers
Posted By - Cash Gold Buyer
Good evening Ladies and Gentlemen:
Here are your numbers for
Thursday, Feb 28.2013:
For gold it looks like 149500 oz will stand as that is the OI for March. (1495 x 100 oz per contract)
Or 4.6 tonnes of gold, which is extremely high for a non delivery month.
The total OI for the gold complex was up only 458 contracts.
The OI for April lowers from 247,653 down to 244,812.
\In silver: total OI rises to 145,388
The OI for the upcoming MaRCH contract falls dramatically down to 2597.
The next delivery month of April rises to 76,682 from 70,980.
The volume today was good at 47,026.
The amount of silver that will stand for delivery is only 12,985,000 oz.
The data seems very weird.
Preliminary data for this morning.
Open interest for entire silver complex from 153,319 down to 145,620
Open interest for the front March contract month 9411 contracts or 47,055 ,000 oz
Volume yesterday in silver 78,901
and the first day notice deliveries 799 or 3,995,000 oz
Data for
gold:
Open interest falls to 433,750 from 439,990
Open interest for the front March contract: 1,499 contracts or 1,499,000 oz
Open interest for the next May contract 247,653
Volume 184,695 contracts
First day delivery notices: 1,383 contracts or 138,300 oz or approximately 4.3 tonnes of gold
March being a non delivery month.
Since we had major shortcovering on a high gain in silver and gold price, the OI data seems very suspect. For the OI in silver to fall so badly during a huge gain just does not make sense. It looks to me like they are fudging the data.
I will report very late tonight to you (probably in the early morning hours) on first day notice