Lots Of Volume, But No Change in Gold & Silver Open Interest

by  J. Johnson via JS Mineset

Great and Wonderful Tuesday Morning Folks,

February Gold is up $11 with the last price at $1,840.90 after dipping down to yesterday’s low at $1,800.80 with a different high than yesterday at $1,845. March Silver is up 46.9 cents with the trade at $25.335 after it also dipped to yesterday’s low at $24.04 with a higher high than Monday at $25.48. The US Dollar is down 27.9 points at 90.475, after it went up to 90.745 with the low nearby at 90.415. Of course, all this happened before the Comex open, during London’s trading time.

In Venezuela, Gold is now priced at 18,385.98 Bolivar gaining 109.86 overnight with Silver at 253.083, increasing its value by 4.394 Bolivar. Argentina’s Peso now has Gold valued at 158,444.12 proving an increase of 1,537.58 overnight with Silver at 2,181.11, a gain of 46.44 A-Peso’s. Gold under the Turkish Lira last traded at 13,704.46 showing a 20.53 pull from yesterday’s quote with Silver adding 1.937 with its last price at 188.70.

January Silver’s Delivery Demands have yet to change from last Friday’s numbers with the count at 196 fully paid for 5,000-ounce contracts and with the same Volume and prices as yesterday. Silver’s Overall Open Interest didn’t change from yesterday’s number either, leaving 168,919 in Open Interest, even though there was lots of Volume added during Monday’s trades.

We are primarily funded by readers. Please subscribe and donate to support us!

January Gold’s Delivery Demands are still at 353 fully paid for 100-ounce contracts, Friday’s count, this time with 4 trades occurring between $1,842.90 and $1,802 with the last buy, so far today, at the high. Yesterday’s 2 trades posted inside the Comex Deliveries (during London’s time) happened in between $1,834.20 and $1,802 with the last buy at the high. Gold’s Overall Open Interest is also unchanged from yesterday’s activity, even though there was lots of Volume, with the early morning count at 550,682 shorts to trade against the physicals.

Enjoy the show, get more Gold, and watch the events at home. As Always…

Stay Strong!

J. Johnson

More J. Johnson content is available with purchase of a JSMineset subscription.

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.