Jun 27 Gold Vaults (ozt)
GLD
202KCOMEX
132K
COMEX withdrawals are currently ~21.7% of Jun26 delivery requests
COMEX 5 DMA run rate 431d (
from 1,103d)COMEX 6-25
ozt132K ozt (4.1t) from JPM (97K), MT&B (36K)155K ozt (4.8t) moved from [R] to [E] in Asahi (49K), HSBC (105K)
COMEX Run Rate
Remaining Vault Stock = 27.7M ozt (14.8M [R], 12.9M [E])
Net withdraw rate through last 5 days = 64K/day (
from 25K/day)Total vault stock run rate = 27.7M / 64K = ~431 (working) days (~21.5 months) (
from 1,103d)COMEX Jun26
Jun26 contract cumulative deliveries = 40,841
Jun26 contract equivalent ozt = 4,084,100
Actual withdrawals in Jun ozt = 886,290.49
Jun withdrawals are now ~21.7% of Jun26 delivery requests.
COMEX Commentary
Thursday's 132K ozt net withdrawal replaces a 63K ozt net deposit in the 5 DMA window so the withdraw rate more than doubled (as expected).
GLD Assets
World Gold Trust Services:
700K sharesJPM:
202K ozt (6.3t)HSBC:
oztozt/shares ratio 0.091986 (
from 0.092376)~~~
Previous report: https://www.pmbug.com/threads/gold-market-260626.9060/