by Peter Schiff, Schiff Gold:
Gold: Recent Delivery Month
Gold started July delivery with 937 contract outstanding. This is the lowest level since November of last year and the second-lowest since the start of Covid (see figure 2).
As the chart below shows, about 82% of those contracts have been delivered in the first two days. At the current pace, this will be the weakest minor month delivery volume since at least 2019.