sb007

Odd. Futures are very well bid. Usually sizes are not more than 20 contracts at this time.

Someone is taking significant amount of gold from Comex this year. Total about 30000 contracts (100 ton).

http://www.prisonpla...-on-record.html

Data from the exchange show that gold is mostly delivered by JPM.

http://www.cmegroup....psYTDReport.pdf

This could have many explanations, one of them is that someone is pushing market down to buy cheaply gold from JPM, another could be that one hedge fund is pushing market down another long hedge fund counters by taking delivery which is offset by JPM supplying gold from the warehouse. It would be interesting to see what happens end of May when June contract will become deliverable, JPM has enough gold for other 15000 contracts in the warehouse, after that it is likely it would have to buy gold on the spot market to continue or buy back futures so that someone else would have to deliver, which can trigger squeeze.

Does anyone some ideas or more info about this?