Bankers orchestrate a raid prior to options expiry at the LBMA/OTC markets/ Silver open interest now rises to 175,000 near multi year highs despite a low price/Japanese industrial production plunges/China fixes yuan much higher giving thanks to Yellen’s dovishness
by Harvey Organ
Harvey Organ’s Blog
[…] Yesterday, I promised you that the bankers would attack today in both gold and silver. My boys did not disappoint me with their antics.
Let us have a look at the data for today.
At the gold comex today, we had a good delivery day, registering 20 notices for 2000 ounces and for silver we had 9 notices for 45,000 oz for the active March delivery month.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 213.04 tonnes for a loss of 90 tonnes over that period.