Lemon_tm
The Comex report for last month correctly identified a potential big move in silver while the same report two months ago preceded a massive up move for the price of gold. The data this month is not as obvious
Comex: Gold Sees Highest Delivery Volume In Nearly 2 Years
Summary
- June is a major delivery month in gold and saw more than 30k contracts stand for delivery.
- Heading into the minor delivery month of July shows Open Interest is trending upwards into the close.
- With gold seeing massive delivery volume, and silver poised to do the same, it appears that more people are taking delivery of physical metal despite the higher prices.
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