Showing posts with label OTC derivatives. Show all posts
Showing posts with label OTC derivatives. Show all posts
Total OTC derivatives are up from ~414 trillion to ~516 trillion for notional amounts outstanding (+24.6%) and up from 9.682 trillion to 11.140 trillion at gross market values (+15%).Gold OTC derivatives are actually down from 0.640 trillion to 0.426 trillion for notional amounts outstanding (-33.4%) and from 56 billion to 47 billion at gross market values (-16%). Gold OTC derivatives are still
Here is Gold and Silver open interest Summery table which aggregate the data of the COMEX (NYMEX), CBOT & TOCOM Exchanges.Those are not charts of some hot stocks but charts of natural resources, rare minerals which experienced 20 years bear market , The Third Elliot wave is far from over and can easily exceed the old highs for silver and gold , this markets are relatively small when compared to
It is very difficult to know how much gold is really sold short because many trading houses are holding spread positions due to arbitrage trading. Also most of the positions seems to be OTC derivatives.Here is a summery of the open Interest for the COMEX (NY) , CBOT and TOCOM (Japan), Options are not included.COMEX (CFTC) : 361,704 x 100 oz = 36,170,400 ozCBOT : (12,404 x 100 oz = 1,240,400 oz +
After reviewing the BIS OTC derivative report It is clear that gold and other commodities ( oil and maybe silver ) are still very important to the global monetary system , It’s very difficult to understand the report for several reasons :1) The definitions are very general to say the least.2) The data regarding Commodity contracts ( Gold & other) as well as E. “Other” (defined as : “ Include
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