GOLD 0.51% $1,391.7 gold futures

China sets up largest gold fund, page-125

  1. 12,820 Posts.
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    No probs - neither did Johny.

    If Johny looks at the June contract I expect he will find even more volume, and he will also find the daily volume is many multiples of actual daily global consumption of physical oil.

    There is nothing he can say from that volume he posted except each day that passes gets closer to July. However, he could add up all the open interest on all contracts and create a story - and if he breaks it down into the volume for physical delivery versus the volume for speculation and compare the physical to volumes consumed and volumes stored he could make a better story. But then he would be breaching into valid analysis - and that's not really his thing.
 
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