Last month I highlighted on Floating Path the major drop in Gold that was registered to be delivered under CME Futures contracts. Since May 29, the inventory pool for Physical delivery of Gold under CME contracts has increased 15.28% or 432,661 Troy Ounces over 3 activity dates. The dates being referenced are classified as Activity dates, as opposed to Report Date. This activity took place on a day when the S&P 500 finished its last up day on this downward path we’re taking right now in equity markets. Lastly, the Silver Registered pool activity date for its spike was April 26th, just 4 days before equity markets began their route down.
Exchange metal reported in the Registered category represents troy ounces of metal that meet the contract specifications as defined in the Exchange Rules (Chapter 112 for Silver Futures and Chapter 113 for Gold Futures) for which an electronic warrant has been issued. This is registered for delivery.
Exchange metal reported in the Eligible category represents troy ounces of metal that meet the contract specifications as defined in the Exchange Rules for which an electronic warrant has not been issued. This cannot be used to make delivery under a futures contract.
Total exchange metal reported.