COMEX December Contract Squeeze, page-32

The open interest in the December COMEX gold contract is down to 7,946 contracts (the equivalent of 24 metric tonnes) and the threat of a squeeze on delivery has been averted, yet again.



What can we learn form this?

Next time you read an article that is hyperventilating that the 200 or 300 to one ratio in futures contracts to available gold, take a deep breath and remember that most COMEX gold futures participants are only interested in the price of gold, and not the gold itself.

Cheers until next time.