All signs indicate that the Gold and Silver Futures markets are coming under increasing stress as a delivery vehicle….
Watch this week’s Live from the Vault for:
5:05 How is gold and silver price determined?
8:35 The history of gold and silver price manipulation
12:00 How to stop corruption in the gold and silver market
18:04 Wall Street Silver VS paper market corruption
19:05 Unallocated gold and silver scam explained
26:41 Physical price VS paper price
28:13 Current physical demand pressure will push prices parabolic
29:59 Wall Street Silver movement piling pressure on the COMEX
41:57 Delivery requests soaring on the COMEX
52:30 COMEX on the run
54:16 Unprecedented physical silver demand
An inspection of the March Gold and Silver Futures delivery requests reveal unprecedented numbers for what is typically a sleepy month on the COMEX.
March Gold Contracts
Historically, the March contract presents very little volume or open interest. However, as the month draws to a close, we are observing huge delivery requests on the Gold Futures (GC) market. With only a few trading sessions remaining before March contracts expire, there are more than 29 tonnes of gold standing for delivery.
March Silver Contracts
In terms of March silver delivery contracts, there are 11,000 open contracts representing over 1000 tonnes of physical silver. To put that into perspective, the current figure is already 300 tonnes higer than the December contract, the biggest delivery month of the year to date.
Watch Andrew Maguire share his forecast on how high gold and silver will go post-Basel III in last week’s Live from the Vault.
Previous March Delivery Requests
A look back at previous March contracts underlines the significant uptake in delivery obligations targeted at the COMEX.
Around the time the paper market broke, the COMEX delivered close to 2,900 March contracts. At the time, this level of delivery demand was extraordinary, with all March deliveries from 2015 to 2019 combined standing at around 800.
As the March 2021 contract closes, we’re approaching an astonishing 10,000 contracts. With the exception of last year, the March 2021 delivery orders are set to be around 25 times the average.
A cursory glance at these statistics shows the delivery requests on the COMEX have soared. According to Andrew Maguire and Craig Hemke, all signs indicate that the Gold and Silver Futures markets are coming under increasing stress as a delivery vehicle.
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