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POSTED ON March 26, 2022  - POSTED IN Exploring Finance

The big action in silver occurred early in the month, making March a pretty large outlier. First, it continues the recent trend of increasing deliveries. Second, deliveries were 8.7% of the max open interest for the month. This is the highest percentage since July 2020 when prices took off. There are still 24 open interest contracts remaining.

POSTED ON March 23, 2022  - POSTED IN Exploring Finance

Data coming from the COMEX could indicate growing pressure for a breakout in gold and silver.

COMEX data has shown large deviations for several months. Most of this occurred before Russia invaded Ukraine and these deviations have grown larger since. The invasion seems to have accelerated trends that were already in place.

POSTED ON March 18, 2022  - POSTED IN Exploring Finance

Banks are in the process of restocking gold at a pace not seen in years.

This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show the physical movement of metal into and out of Comex vaults.

POSTED ON March 11, 2022  - POSTED IN Exploring Finance

Weeks before the Russian invasion of Ukraine, I highlighted Comex data points that could signal a big move ahead in gold. The invasion may have been the spark to light the fire, but the data showed the groundwork was being laid back in January.

Silver has now sent up its own flare that may be tied to the largest data adjustment ever seen at the CME for silver.

POSTED ON February 24, 2022  - POSTED IN Exploring Finance

Usually, I only do one Comex Countdown into the close, but… you know… a war just started. Throw on top the fact that the Comex has been flashing warning signs lately, and I think a daily update is warranted for the next three days.

It’s very possible delivery volume is very robust which could put pressure on the physical market. I will keep the commentary light and the charts simple…

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