Jun 19 Gold Market Morning Snapshot
SFE Futures (Dragon Boat Festival today) SGE Spot (Dragon Boat Festival today)
LBMA Spot (Juneteenth Holiday)
COMEX Jun26 Futures (Juneteenth Holiday)
MCX Futures $4,117.29 IBJA Spot $4,062.23Quotes
taxes/dutiesJun 19 Gold Vaults (ozt)
GLD
28KCOMEX
63K
COMEX withdrawals are currently ~15.1% of Jun26 delivery requests
COMEX 5 DMA run rate 9,324d (
from 963d)COMEX 6-17
63K ozt (2t) in MT&B
643 ozt (0.02t) from Loomis148K ozt (4.6t) moved from [R] to [E] in Brinks (91K), JPM (14K), Loomis (4K), MT&B (39K)
COMEX Run Rate
Remaining Vault Stock = 28M ozt (15.1M [R], 12.9M [E])
Net withdraw rate through last 5 days = 3K/day(
from 29K/day)Total vault stock run rate = 28M / 3K = ~9,324 (working) days (~466 months) (
from 963d)COMEX Jun26
Jun26 contract cumulative deliveries = 37,218
Jun26 contract equivalent ozt = 3,721,800
Actual withdrawals in Jun ozt = 563,685.29
Jun withdrawals are now ~15.1% of Jun26 delivery requests.
COMEX Commentary
Wednesday's tiny 63K ozt net deposit replaces a large 67K ozt net withdrawal in the 5 DMA window so the withdraw rate collapsed almost to zero.
GLD Assets
World Gold Trust Services:
2.6M sharesJPM:
28K ozt (0.9t)HSBC:
oztozt/shares ratio 0.091135 (
from 0.091725)~~~
Previous report: https://www.pmbug.com/threads/gold-market-260618.9039/
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