CDS Looking Better

Nice and shiny.

Thu, May 28, 2020 - 10:55am

As we continue to navigate our way through expiration week, it's noteworthy that most of the downward pressure has been in Comex gold, with Comex silver faring far better since Tuesday.

And we're getting closer to putting this week behind us. Today brings the end of the front-month phase for the Jun20 contract as it goes off the board at the Comex close. We'll then look to see how many contracts remain open and "standing for delivery" late tonight ahead of tomorrow's First Notice Day.

As you know, there were a record 25,695 Apr20s standing when that contract went off the...

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