Deliveries? From Midas

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Scruffy

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Deliveries? From Midas

posted on Mar 26, 2009 12:53PM

Bill,
Goldman Sachs bought 1084 contracts today in the expiring March Contract and stood for delivery! Looks like they are desperately short of physical gold! This brings the delivery notices for March to 4,141 contracts. That is 414,100 ozs. The COMEX registered category stands at 2.9 Mozs so this is 14.2% of the dealer inventory in a single month. Meanwhile the delivery notices for silver are at 3,490 contracts which is17.45 Mozs. The registered category is at 71.1 Mozs so the deliveries represent 24.5% of the dealer silver inventory. These are VERY significant developments.
Cheers
Adrian

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