Another Huge Delivery Day For Gold – Over 1,176,000 Ounces Delivered for June

from Jesse’s Café Américain

There was another big delivery day for the June Comex Gold Contract on Friday.

HSBC was the big ‘seller’ from its house account, as the big stopper for the gold bullion was the house account and mystery customer(s) at JPM.

This type of delivery volume is a very big change from more recent history in New York, and reminds one of the bigger volume days of 2006 and the years following into the crisis period.

What do I make of this?

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