The Vault Board
Every series we track, sorted by how far from normal it sits. Each number carries its percentile of the full record and a lowest/highest-since anchor. All deterministic, straight from the source data.
Computed 7:31 PM ET
The thinnest supply cushion on the board right now is LME aluminum stocks (266,300 mt, 0th percentile of its record) and still draining — the least room to absorb a supply shock. Meanwhile 4 other buffers sit near record highs, amply stocked.
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
Copper sitting in COMEX warehouses. Low is the thinnest buffer for industrial buyers if demand outruns supply.
The government's emergency crude reserve. Low leaves the least room to cushion a supply shock.
Gold locked in COMEX vaults and pledged as deliverable against futures. Low is the thinnest cushion if many holders demand metal at once.
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
What Japanese buyers pay for retail gold, in yen per gram. High means gold is dear in yen.
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
Gold locked in COMEX vaults and pledged as deliverable against futures. Low is the thinnest cushion if many holders demand metal at once.
Roughly how much metal the fund holds for investors. Falling means investors are pulling money out.
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
Share of COMEX warehouse stock that's deliverable rather than just stored. High is reassuring; low leaves less ready to deliver.
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
How heavily speculators are betting, net. Far above zero is a crowded long, far below a crowded short, and either extreme is stretched positioning.
Gold locked in COMEX vaults and pledged as deliverable against futures. Low is the thinnest cushion if many holders demand metal at once.
Crude at the Cushing hub, where US oil futures settle. Low marks a tight delivery point.
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
Crude held by US refiners and traders. Low is a thinner commercial buffer.
US stocks of diesel and heating oil. Low is a thinner cushion for trucking, farming, and winter heat.
Share of COMEX warehouse stock that's deliverable rather than just stored. High is reassuring; low leaves less ready to deliver.
Roughly how much metal the fund holds for investors. Falling means investors are pulling money out.
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
Physical gold the fund holds in trust. Falling means investors are redeeming.
How heavily speculators are betting, net. Far above zero is a crowded long, far below a crowded short, and either extreme is stretched positioning.
How heavily speculators are betting, net. Far above zero is a crowded long, far below a crowded short, and either extreme is stretched positioning.
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
Metal in London vaults backing the global spot market. Low is less physical float behind the market.
Gold locked in COMEX vaults and pledged as deliverable against futures. Low is the thinnest cushion if many holders demand metal at once.
US stocks of gasoline at the pump's source. Low is a thinner cushion heading into driving season.
Metal in London vaults backing the global spot market. Low is less physical float behind the market.
How many ounces of silver buy one ounce of gold. High means silver is cheap relative to gold.
How far the local price sits above or below COMEX. A wide gap signals a tighter local market or local taxes.
How far the local price sits above or below COMEX. A wide gap signals a tighter local market or local taxes.
How far the local price sits above or below COMEX. A wide gap signals a tighter local market or local taxes.
How far the local price sits above or below COMEX. A wide gap signals a tighter local market or local taxes.
| Series | Level | Δ1d | Δ30d | Percentile of record | Record | As of |
|---|---|---|---|---|---|---|
|
LME lead stocks
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
|
445,850 mt
QTY
|
-0.3% | +49.9% |
100th
steady
|
100th percentile of 19-yr record
Amply stocked and building — a deep supply cushion.
|
Jul 30 |
|
COMEX copper stocks
Copper sitting in COMEX warehouses. Low is the thinnest buffer for industrial buyers if demand outruns supply.
|
713,949 short tons
QTY
|
+0.5% | +7.1% |
100th
steady
|
7-mo high
Amply stocked and building — a deep supply cushion.
|
Jul 29 |
|
SPR crude
The government's emergency crude reserve. Low leaves the least room to cushion a supply shock.
|
307.6 MM bbl
QTY
|
-1.2%wk | -7.1% |
1st
falling, but easing
|
lowest since Mar 1983
Thin cushion and still draining — little room to absorb a supply shock.
|
Jul 24 |
|
COMEX registered gold
Gold locked in COMEX vaults and pledged as deliverable against futures. Low is the thinnest cushion if many holders demand metal at once.
|
14.75M oz
QTY
|
+0.0% | -0.5% |
2nd
steady
|
7-mo low
Thin cushion and still draining — little room to absorb a supply shock.
|
Jul 29 |
| COMEX total gold stocks |
27.04M oz
QTY
|
+0.0% | -1.9% |
5th
steady
|
7-mo low | Jul 29 |
|
COMEX gold coverage
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
|
38.3%
RATIO
|
+0.0% | -8.9% |
9th
|
7-mo low
Thin cushion and still draining — little room to absorb a supply shock.
|
Jul 29 |
|
LME aluminum stocks
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
|
266,300 mt
QTY
|
-0.6% | -12.3% |
0th
falling
|
lowest in the 19-yr record
Thin cushion and still draining — little room to absorb a supply shock.
|
Jul 30 |
|
Tokyo retail gold (Tanaka)
What Japanese buyers pay for retail gold, in yen per gram. High means gold is dear in yen.
|
¥23,395/g
PRICE
|
-1.5% | +0.8% |
98th
falling faster
|
98th percentile of 38-yr record
Historically high versus its own record.
|
Jul 31 |
|
LME tin stocks
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
|
6,195 mt
QTY
|
-2.1% | -27.8% |
52nd
falling faster
|
19-yr record
Cushion within its normal range.
|
Jul 30 |
|
COMEX registered platinum
Gold locked in COMEX vaults and pledged as deliverable against futures. Low is the thinnest cushion if many holders demand metal at once.
|
196K oz
QTY
|
+0.0% | -7.5% |
2nd
steady
|
7-mo low
Thin cushion and still draining — little room to absorb a supply shock.
|
Jul 29 |
|
SLV shares outstanding
Roughly how much metal the fund holds for investors. Falling means investors are pulling money out.
|
538.2M shares
QTY
|
+0.6% | +1.5% |
87th
rising faster
|
20-yr record
Investors are adding metal to the fund.
|
Jul 31 |
|
COMEX silver coverage
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
|
18.6%
RATIO
|
+3.1% | +9.4% |
100th
|
7-mo high
Amply stocked and building — a deep supply cushion.
|
Jul 29 |
|
COMEX silver deliverable share
Share of COMEX warehouse stock that's deliverable rather than just stored. High is reassuring; low leaves less ready to deliver.
|
29.9%
RATIO
|
+2.8% | +4.0% |
100th
|
7-mo high
Amply stocked and building — a deep supply cushion.
|
Jul 29 |
|
LME zinc stocks
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
|
100,700 mt
QTY
|
-1.1% | -16.0% |
17th
falling faster
|
19-yr record
Cushion within its normal range.
|
Jul 30 |
|
Managed-money net copper (COT)
How heavily speculators are betting, net. Far above zero is a crowded long, far below a crowded short, and either extreme is stretched positioning.
|
65,008 contracts
QTY
|
-9.1%wk | -2.3% |
92nd
|
92nd percentile of 20-yr record
Crowded, one-sided positioning — stretched to an extreme.
|
Jul 28 |
|
COMEX registered silver
Gold locked in COMEX vaults and pledged as deliverable against futures. Low is the thinnest cushion if many holders demand metal at once.
|
99.22M oz
QTY
|
+3.1% | +7.1% |
83rd
rising faster
|
7-mo record
Cushion within its normal range.
|
Jul 29 |
|
Cushing crude
Crude at the Cushing hub, where US oil futures settle. Low marks a tight delivery point.
|
18.6 MM bbl
QTY
|
-4.0%wk | -1.9% |
10th
falling faster
|
lowest since Aug 2014
Thin cushion and still draining — little room to absorb a supply shock.
|
Jul 24 |
|
LME nickel stocks
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
|
267,522 mt
QTY
|
+0.0% | -2.5% |
73rd
steady
|
19-yr record
Cushion within its normal range.
|
Jul 30 |
|
LME copper stocks
Metal in LME warehouses worldwide, the buffer for industrial users. Low is the thinnest cushion against a supply squeeze.
|
255,400 mt
QTY
|
-2.6% | -22.4% |
53rd
falling
|
19-yr record
Cushion within its normal range.
|
Jul 30 |
| COMEX total silver stocks |
332.23M oz
QTY
|
+0.3% | +3.0% |
62nd
steady
|
7-mo record | Jul 29 |
|
US commercial crude
Crude held by US refiners and traders. Low is a thinner commercial buffer.
|
404.5 MM bbl
QTY
|
-1.7%wk | -1.9% |
74th
falling faster
|
44-yr record
Cushion within its normal range.
|
Jul 24 |
|
US diesel/distillate stocks
US stocks of diesel and heating oil. Low is a thinner cushion for trucking, farming, and winter heat.
|
110.6 MM bbl
QTY
|
+1.0%wk | +4.3% |
18th
rising, but easing
|
44-yr record
Cushion within its normal range.
|
Jul 24 |
|
COMEX gold deliverable share
Share of COMEX warehouse stock that's deliverable rather than just stored. High is reassuring; low leaves less ready to deliver.
|
54.5%
RATIO
|
-0.0% | +1.4% |
82nd
|
7-mo record
Cushion within its normal range.
|
Jul 29 |
| Japan gold reserves |
846.0 tonnes
QTY
|
+0.0% | +0.0% |
100th
steady
|
100th percentile of 26-yr record | May 1 |
|
GLD shares outstanding
Roughly how much metal the fund holds for investors. Falling means investors are pulling money out.
|
353.2M shares
QTY
|
-0.1% | +0.3% |
71st
steady
|
22-yr record
Investors are adding metal to the fund.
|
Jul 30 |
|
COMEX platinum coverage
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
|
7.3%
RATIO
|
+0.0% | -0.5% |
21st
|
7-mo record
Cushion within its normal range.
|
Jul 29 |
|
GLD gold in trust
Physical gold the fund holds in trust. Falling means investors are redeeming.
|
1,007.9 tonnes
QTY
|
-0.1% | +0.3% |
68th
steady
|
22-yr record
Investors are adding metal to the fund.
|
Jul 30 |
| US Mint gold sales |
8K oz
QTY
|
+1600.0% | +1600.0% |
14th
|
40-yr record | Jun 1 |
|
Managed-money net silver (COT)
How heavily speculators are betting, net. Far above zero is a crowded long, far below a crowded short, and either extreme is stretched positioning.
|
9,182 contracts
QTY
|
-18.6%wk | -21.8% |
23rd
|
20-yr record
Speculative positioning near neutral.
|
Jul 28 |
| Turkey gold reserves |
729.9 tonnes
QTY
|
-0.3% | -0.3% |
89th
steady
|
26-yr record | May 1 |
|
Managed-money net gold (COT)
How heavily speculators are betting, net. Far above zero is a crowded long, far below a crowded short, and either extreme is stretched positioning.
|
119,795 contracts
QTY
|
-4.0%wk | +3.8% |
58th
|
20-yr record
Speculative positioning near neutral.
|
Jul 28 |
|
COMEX copper coverage
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
|
13.4%
RATIO
|
+0.3% | +0.7% |
69th
|
7-mo record
Cushion within its normal range.
|
Jul 29 |
|
COMEX palladium coverage
Physical metal backing each unit of paper claims. High is reassuring (more metal behind each claim); low is thin backing.
|
10.8%
RATIO
|
+0.0% | -8.2% |
39th
|
7-mo record
Cushion within its normal range.
|
Jul 29 |
|
LBMA London vault gold
Metal in London vaults backing the global spot market. Low is less physical float behind the market.
|
304.29M oz
QTY
|
+0.8% | +0.8% |
84th
rising faster
|
highest since Aug 2022
Cushion within its normal range.
|
Jun 1 |
|
COMEX registered palladium
Gold locked in COMEX vaults and pledged as deliverable against futures. Low is the thinnest cushion if many holders demand metal at once.
|
202K oz
QTY
|
+0.0% | +0.1% |
66th
steady
|
7-mo record
Cushion within its normal range.
|
Jul 29 |
| US Mint silver sales |
260K oz
QTY
|
— | — |
17th
|
40-yr record | Jun 1 |
|
US gasoline stocks
US stocks of gasoline at the pump's source. Low is a thinner cushion heading into driving season.
|
211.3 MM bbl
QTY
|
+0.0%wk | -2.3% |
38th
steady
|
37-yr record
Cushion within its normal range.
|
Jul 24 |
| United States gold reserves |
8,133.5 tonnes
QTY
|
+0.0% | +0.0% |
78th
steady
|
26-yr record | May 1 |
|
LBMA London vault silver
Metal in London vaults backing the global spot market. Low is less physical float behind the market.
|
902.84M oz
QTY
|
+1.7% | +1.7% |
38th
rising faster
|
10-yr record
Cushion within its normal range.
|
Jun 1 |
|
Gold/silver ratio
How many ounces of silver buy one ounce of gold. High means silver is cheap relative to gold.
|
70.9
RATIO
|
+1.1% | — | n/a | Jul 31 | |
|
Gold intl premium
How far the local price sits above or below COMEX. A wide gap signals a tighter local market or local taxes.
|
-1.2%
RATIO
|
+1.6pp | — | n/a | Jul 31 | |
|
Palladium intl premium
How far the local price sits above or below COMEX. A wide gap signals a tighter local market or local taxes.
|
-0.1%
RATIO
|
+2.6pp | — | n/a | Jul 31 | |
|
Platinum intl premium
How far the local price sits above or below COMEX. A wide gap signals a tighter local market or local taxes.
|
+2.2%
RATIO
|
+3.1pp | — | n/a | Jul 31 | |
|
Silver intl premium
How far the local price sits above or below COMEX. A wide gap signals a tighter local market or local taxes.
|
+7.1%
RATIO
|
+3.0pp | — | n/a | Jul 31 |
Weekly series (EIA oil) show week-over-week in the Δ1d column. Percentile is the share of the full record at or below today's level; "n/a" means the stored history is too shallow to rank honestly.
Sorted by most abnormal (default)