Shanghai gold exchange
http://www.sge.sh/web/show_col.asp?cid=19
Open Interest | AU (T+D) | AG (T+D) |
 | | |
May 2009 | 77,704 | 150,922 |
April 2009 | 76,016 | 121,032 |
March 2009 | 66,740 | 116,326 |
Feb. 2009 | 87,854 | 100,838 |
Jan. 2009 | 68,820 | 82,616 |
Dec. 2008 | 73,206 | 92,304 |
Nov. 2008 | 55,192 | 101,656 |
October 2008 | 57,678 | 109,568 |
Sept. 2008 | 40,750 | 81,716 |
Aug. 2008 | 56,206 | 87,744 |
July 2008 | 68,706 | 59,338 |
June 2008 | 58,980 | 49,566 |
May 2008 | 61,148 | 54,350 |
April 2008 | 46,852 | 49,428 |
March 2008 | 60,940 | 54,264 |
Feb. 2008 | 66,312 | 45,634 |
Jan. 2008 | 75,650 | 40,552 |
Dec. 2007 | 74,910 | 39,030 |
Nov. 2007 | 70,364 | 34,776 |
Oct. 2007 | 57,914 | 26,606 |
Sept. 2007 | 39,182 | 22,082 |
Open Interest not Reported. Only delivery volume. | ||
| ||
Aug. 2007 | 22,188 | 43,668 |
Open Interest reported. | ||
| ||
July 2007 | 18,352 | 25,178 |
June 2007 | 17,264 | 23,768 |
Conclusions
Both columns are higher month over month and year over year - May over May and May over April.
Open interest in the first column has gone from 17,264 to 77,704 an increase of 450% in the space of two years.
Open interest in the second column has gone from 23,768 to 150,922 an increase of 634% in the space of two years.
This appears to be an increasingly positive world for precious metals, and an increasingly negative world for treasuries, dollars (G7 currencies) and equities.
Conclusions
Buy all the bullion you can carry. Who do you trust? Do you know who your counterparty is? 1 2 or 3 zeroes. $195 trillion in worldwide equities, bonds and bank assets, excluding real estate AND DERIVATIVES according to the IMF. $5 trillion in physical gold. 1344 IPOs so far since January 1st, 2000 in the United States compared to 1600 firms listed on the TSE and 36 gold stocks in the international indexes. 8.4 million CUSIPS according to www.cusip.com and 36 gold stocks in the international indexes. 381 ETF's on the Amex. 36 gold companies in the international indexes. Over 1 million structured products according to structured retail products. http://www.structuredretailproducts.com/
Disclosure: Long Iamgold (IMG:T), Eldorado (ELD:T), Kinross (K:T), Northgate (NGX:T), Nevsun (NSU:T), Golden Star (GSC:T), Gabriel (GBU:T), Agnico (AEM:T), Linear (LRR:T), Yamana (YRI:T), Silver Standard (SSO:T), Jinshan (JIN:T), Compton (CMT:T), Nova Gold (NG:T) common, HudBay Minerals (HBM:T), Central Fund (CEF.a:T), Goldcorp (G:T), Ensign (ESI:T), Akita Drilling (AKT.a:T), Noble Metals (NMG:X), Aurizon (ARZ:T), Northern Dynasty (NDM:T), First Majestic (FR:T) Tucows (TC:T), physical cash, Royal Bank (RY:T) T-Bill Fund, Royal Bank Precious Metals Fund, Forest and Marine (FME:X) debt and equity, physical gold, physical silver at the time of writing
