The banks are big net buyers on the June active month gold contract stopping (buying) 5,061 contracts and issuing (selling) only 188 contracts. And 900,000 oz of silver is … OUT OF THE VAULT!

by Ditch_the_DeepState

On gold … my “clam” plot reveals the cumulative metallic purchased or bought for the contract month by every participant. I label the bullion banks (famous with a “H” on the finish of the identify) and JP Morgan’s buyer account in black. JP Morgan’s clients account for 73% of points and 54% of stops to this point this month.

Anybody issuing or stopping metallic is proven on the legend. Most of them are virtually overlain on the zero line although. In any other case it’s simple to see who’s lively this month.

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On the silver June contract, an inactive month, the banks have stopped 435 contracts and bought none. BofA has stopped 322 of these 435. Whereas the deal to not take any supply of silver has ceased, if it ever existed, the financial institution purchases are nonetheless small, so that idea continues to be attainable.

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And within the comex vaults, 1.3 million ozdeparts considerably offset by 0.4 million ozarriving for a internet discount of 0.9 million oz. No change in registered.