ON First day notice in the gold contract, 3508 notices were served for 350800 oz or 10.9 tonnes./ The total no of gold tonnes standing for gold initially: 48.189 tonnes: absolutely huge!!/In England BREXIT surpasses BREMAIN!!/CEO of base commodity and oil company Noble, abruptly leaves the company
by Harvey Organ
Harvey Organ’s Blog
[…] i) the June gold contract is an active contract and the second biggest delivery month of the year following December. Friday night, the bankers first day delivery issuance to our longs to be settled on June 1 was huge: the number was 3,508 gold notices for 350,800 oz or 10.9 tonnes of gold.The number of open interest standing for gold, released at 1:30 pm this afternoon is astronomical at 15,493 contracts and thus 1,549,300 oz will be initially standing for gold in this active month of June (48.189 tonnes)
In silver we have 555 contracts standing for 2,775,000 oz of silver which is huge for an off month.