Open interest in silver climbs above 200,000 at 201,787 within 200 contracts of its all time high and yet silver price is very low in comparison/Chicago Pensions system is in disarray/Deutsche bank echoes David Stockman in that Q one earnings are horrifying!
by Harvey Organ
Harvey Organ’s Blog
[…] Tomorrow is options expiry on the comex. However we have to wait until Friday afternoon as the London’s LBMA options expire along with the bankers OTC options.
So expect the prices of our precious metals to remain subdued to the rest of the week. The open interest in silver continues to rise despite Friday’s weakness in price. Somebody is accumulating massive amounts of silver and the longs are waiting patiently ready to pounce.