Gold Futures alert…………April month COMEX delivery demand doubled on Friday (last trading day) ……..real or paper??
Massive 1 day increase in open interest for Comex Gold Futures Contract 62,187 contracts were added to open interest. With the majority in the front month (April).
https://x.com/profitsplusid/status/1906784287770460321
Massive UPWARD revision doubles the number of gold contracts standing for delivery to 2x blowout levels.
https://x.com/DtDS_WSS/status/1906826791240765749
It’s different this time. Very different.
If this report is legitimate, the 106,662 contracts standing for delivery would be nearly double the prior comex record as you can see below:
If that’s true … this new group of players is an entirely different kind of buyer. Apparently, these new buyers will not be denied physical gold.
https://econanalytics.substack.com/p/its-different-this-time-very-different
The open interest in Gold is NO THING compared to Silver ! Banks are 28’000’000 contracts short silver !! That is 165 years of global production (which is at around 26’000 metric tons). Something has to give.