Jun 6 Gold Vaults (ozt)
GLD
55KCOMEX
COMEX withdrawals are currently ~3.6% of Jun26 delivery requests
COMEX 5 DMA run rate 2,611d (=from 2,611d)
COMEX 6-4
oztozt37K ozt (1.2t) moved from [R] to [E] in StoneX
COMEX Run Rate
Remaining Vault Stock = 28.2M ozt (15.3M [R], 12.9M [E])
Net withdraw rate through last 5 days = 11K/day(=from 11K/day)
Total vault stock run rate = 28.2M / 11K = ~2,611 (working) days=(~131 months)
COMEX Jun26
Jun26 contract cumulative deliveries = 28,791
Jun26 contract equivalent ozt = 2,879,100
Actual withdrawals in Jun ozt = 103,371.25
Jun withdrawals are now ~3.6% of Jun26 delivery requests.
COMEX Commentary
Thursday's zero activity replaces another zero activity day in the 5 DMA window so the withdraw rate remains unchanged.
One week (~25%) into June and the withdrawals are only ~3.6% of delivery requests. I'm not sure if that is normal or not as I haven't been scrutinizing COMEX gold as long as I have silver, but it seems low to me.
GLD Assets
World Gold Trust Services:
1.7M sharesJPM:
55K ozt (1.7t)HSBC:
oztozt/shares ratio 0.092273 (
from 0.091938)GLD shed more shares than proportional ozt yesterday and the ozt/shares ratio jumped accordingly.
~~~
Previous report: https://www.pmbug.com/threads/gold-market-260605.8996/