May 30 Gold Vaults (ozt)
GLD
74KCOMEX
125K
COMEX run rate 375d
SFE??? (not sure if public)
LBMA??? (published once a month)
SGE??? (not public)
COMEX 5-28
ozt ozt136K ozt (3.9t) moved from [R] to [E] in Asahi (6K), Brinks (55K), Loomis (2K), Malca-Amit (1K), MT&B (51K)
10K ozt (0.3t) moved from [E] to [R] in JPM
COMEX Commentary
I'm just now starting to watch COMEX gold closely. I should start posting more metrics/analysis like I do with silver once we start receiving June data.
COMEX Run Rate
Remaining Vault Stock = 28.3M ozt (15.5M [R], 12.8M [E])
Net withdraw rate through last 5 days = 76K/day
Total vault stock run rate = 28.3M / 76K = ~375 (working) days (~19 months)
I don't have sufficient historical data to determine drain rate factors for [R] and [E] categories yet.
GLD Assets
World Gold Trust Services:
1.2M sharesJPM (London):
74K ozt (2.3t)JPM (NYC):
oztHSBC:
oztozt/units ratio 0.0921
I added an ozt/shares ratio column to my spreadsheet. Over the last 5 days, the ratio has bounced between 0.0918 and 0.921.
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Previous report: https://www.pmbug.com/threads/gold-market-260529.8968/