"Recall that big increase in the November Gold contract’s open interest on Thursday of last week in which 886 new contracts were put on in that particular month. Prior to Thursday there were only 83 contracts outstanding in the November. It appears that those contracts were instituted for the express purpose of taking delivery as this morning’s data from the Comex stated that 823 of them were indeed assigned. Now we need to watch to see whether or not they will be retendered. If not, it will be encouraging."