Huge withdrawal of silver from SLV despite the huge rise in price/Huge withdrawal of 5.06 tonnes of gold from GLD and both of these withdrawals were used in the attack today/China’s export data reported by them in March was pretty good/Problem: the data is fake as per Hong Kong data/ The CME opens a cash account at the Fed for the CME: Dave Kranzler has the answer why!/Peabody Energy files for bankruptcy
by Harvey Organ
Harvey Organ’s Blog
[…] At the gold comex today, we had a GOOD delivery day, registering 45 notices for 4500 ounces for gold,and for silver we had 0 notices for nil oz for the non active April delivery month.
Several months ago the comex had 303 tonnes of total gold. Today, the total inventory rests at 214.16 tonnes for a loss of 89 tonnes over that period.
In silver, the open interest rose by a whopping 4,742 contracts UP to 184,800 as the silver price was UP 25 cents with respect to yesterday’s bullish trading. In ounces, the OI is still represented by .924 billion oz or 132% of annual global silver production (ex Russia ex China). We are now at multi year highs in OI with respect to silver