Is it related to NSCC-801? Had something to do with hedgefunds having to report on their shorts every minute or something like that. Came out sometime around may.
Ive heard it from more than a few places that the price of paper silver and gold is manipulated, and they dont actually have what they claim to. So theyre short physical silver and gold.
Idk. Im a little too retarded to understand a lot of this too.
It's a swaps market ticker. Bullion Banks use these to trade futures and options between themselves. I think all it means is that someone moved a contract from June delivery to a later month or cancelled 100 contracts supposed to be delivered in June.
No real reason to track this ticker. If you were looking for gold spot price, track GC00.
Thanks for all the responses but it still doesn't explain why all of the sudden we show volume of gold when prior to the May 26th the number is -100 million.
That is the contract specific month. it is the forward month but you can trade other months as well. Soon that month will drop away and the next month will take over. That number is only for the volume traded for that day not total volume
I heard that quote many times over the years, makes you wonder what gold mines have been doing through these years, that kept the meme figures so static.
I'm personally invested in gold and and more concerned about what happens to the (allegedly) available Gold when all of the looted and embezzled metals are recorded and repatriated to their rightful owners.
The ancient Chinese families and not the CCP had a massive amount of gold shipped into the caring hands of the USA just prior to an early form of contrived colour revolution.
Is it related to NSCC-801? Had something to do with hedgefunds having to report on their shorts every minute or something like that. Came out sometime around may.
Ive heard it from more than a few places that the price of paper silver and gold is manipulated, and they dont actually have what they claim to. So theyre short physical silver and gold.
Idk. Im a little too retarded to understand a lot of this too.
It's a swaps market ticker. Bullion Banks use these to trade futures and options between themselves. I think all it means is that someone moved a contract from June delivery to a later month or cancelled 100 contracts supposed to be delivered in June.
No real reason to track this ticker. If you were looking for gold spot price, track GC00.
I’m not certain, but it could be tracking NVI.
https://www.investopedia.com/terms/n/nvi.asp
@=GC0Y is the Aug futures gold symbol. It looks like at that time of day about 100,000 traded. Nothing weird about this at all.
August would be Q. ?
Thanks for all the responses but it still doesn't explain why all of the sudden we show volume of gold when prior to the May 26th the number is -100 million.
That is the contract specific month. it is the forward month but you can trade other months as well. Soon that month will drop away and the next month will take over. That number is only for the volume traded for that day not total volume
.
Thank you! As seen on a previous post I really appreciate your help with this. Makes sense. 1 month back. Got it.
I read one time that all of the "above ground" pure gold in the world would only fill like 2 Olympic size pools.
Soooo... what your saying is DuckTales was not real?
FUCK!
I heard that quote many times over the years, makes you wonder what gold mines have been doing through these years, that kept the meme figures so static. I'm personally invested in gold and and more concerned about what happens to the (allegedly) available Gold when all of the looted and embezzled metals are recorded and repatriated to their rightful owners.
The ancient Chinese families and not the CCP had a massive amount of gold shipped into the caring hands of the USA just prior to an early form of contrived colour revolution.
-100M? Not sure.