FYI - GoldCOT Gold
Report - Positions as of Tuesday, May 31, 2016 Open Interest Gold Futures Contracts -
494,321*
*One contract = 100 ounces of gold
*494,321 Contracts =
49,432,100 ounces of gold or 1,537.51 tonnes**
**32,150.746 ounces = 1 tonne gold
**With Contracts equal to 1,537.51 tonnes and COMEX having just 47.12 tonnes available for delivery (see below) we must conclude 1,490.39 tonnes are paper (paper gold – I wannabe gold type paper – I-want-you-to-believe-I’m-gold type paper)
----------------------------------------------------------------------------------------------
According to Harvey Organ’s June 3, 2016 blog; we have the following: 63.99 tonnes gold still standing against 41.01 tonnes gold available for delivery
https://harveyorganblog.com/2016/06/03/june-3gld-has-a-massive-10-71-tonnes-added-to-its-inventory-paper-deposit-and-slv-adds-1560000-ozat-the-comex-the-front-june-contract-adds-7800-oz-to-the-amt-standingnow-we-have-a-monstrous-47/ COMEX - Report Date: 6/3/2016 - Activity Date: 6/2/2016 Total dealer inventory (REGISTERED) 1,515,045.719 ounces or 47.12 tonnes available for delivery
Total gold inventory (REGISTERED and ELIGIBLE) = 8,658,317.910 or 269.30 tonnes
https://www.cmegroup.com/delivery_reports/Gold_Stocks.xls