COMEX Options Interest In Super High Gold Prices By End-August

Behind the scenes we have noticed the very excited state of interest in gold at the COMEX, despite JP Morgan’s vault being almost empty of deliverable gold.

One can see for themselves with the CME Group’s Open Interest tool, below is a screenshot of August, the next delivery month, with orange representing those who are betting price will fall (puts) and green, for those who are betting price will be higher (calls) by the end of August.

The higher the spikes, the more interest at that price. We selected a few to mark up, showing the interest at the $1,400, $1,775 and $1,900 price levels.

Of course, you wouldn’t be on GoldSilver.com if we did not remind that these days, PRICE rarely will reflect VALUE, and one must always look at both sides of a trade (both the goods or services you’re buying or selling AND the value of the currency) moving forward.

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