Michael Lynch: Not a fat-finger error at Comex but a savvy, massive gold trade
Submitted by admin on Tue, 2025-04-01 16:23 Section: Daily DispatchesBy Michael Lynch
Michael Lynch on Gold & Silver, Substack.com
Tuesday, April 1, 2025
Comex's reporting on the April gold contract has been a roller coaster. To recap:
The preliminary print for the March 28 report issued on Friday night showed 55,878 contracts standing for delivery. That was revised upward by 50,784 to 106,662 on the final print early Monday afternoon.
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Utah conservatives would overturn governor's veto of gold payments bill
Submitted by admin on Tue, 2025-04-01 13:18 Section: Daily DispatchesBy Robert Gehrke
Salt Lake Tribune
Tuesday, April 1, 2025
Gov. Spencer Cox put a stop to -- or at least paused -- Utah's drive toward transacting business using gold.
The governor vetoed HB306, sponsored by Rep. Ken Ivory, R-West Jordan, a bill that would have hired a company to set up a system that would enable the state to pay vendors using gold, if that's how the vendors choose to be paid.
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Ed Steer: A huge reporting error at CME Group's Comex
Submitted by admin on Tue, 2025-04-01 12:27 Section: Daily DispatchesExcerpted from Ed Steer's Gold and Silver Digest
Tuesday, April 1, 2025
https://edsteergoldsilver.com/
I checked Friday's final total open interest numbers on the Comex, and the change from the preliminary report in gold was absolutely incomprehensible, as it rose from +13,558 contracts up to a mind-blowing +62,187 contracts. That was the result of gold open interest in April blowing out by +45,420 Comex contracts, and June open interest by +16,556 contracts.
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Michael Lynch: It's very different this time as Comex gold buyers are demanding huge delivery
Submitted by admin on Mon, 2025-03-31 19:29 Section: Daily DispatchesNew buyers are insisting on delivery from Comex
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By Michael Lynch
Michael Lynch on Gold and Silver, Substack
Monday, March 31, 2025
Maybe the final print of today’s CME Group gold report for trading on March 28 will be revised. The final report shows that the open interest on the April gold contract increased by 45,420 from the preliminary report to 106,662 contracts. March 28 was the last report before first notice, so that is a doubling of metal set for physical delivery. ...
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Germany's conservatives sound the alarm over gold reserves in the U.S.
Submitted by admin on Mon, 2025-03-31 08:21 Section: Daily DispatchesBy Carlo Martuscelli
Politico, Washington
Monday, March 31, 2025
Can the United States be trusted with Germany's gold?
Its leader is trying to cripple the country's most important industry. His deputy thinks it's a pathetic freeloader. The man who has their ear is throwing what look a lot like Nazi salutes and openly interfering in its elections to support a far-right party that its own intelligence service thinks is a threat to the constitution.
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GATA needs your help, and there's silver in it for you
Submitted by admin on Sun, 2025-03-30 08:49 Section: Daily Dispatches8:47a ET Sunday, March 30, 2025
Dear Friend of GATA and Gold:
We are so close to victory now. Gold is all over mainstream financial news organizations now even as they strive not to expose the real reasons for the monetary metal's spectacular rise: the collapse of the derivatives-based gold price suppression system.
