Another raid today as the OI on gold was just too high for our crooks/Silver OI is declining/EU slashes growth and that forces all of European stocks southbound/Chinese pMI in contractionary phase as it falls below 50/USA/Yen falls into the 105 column today being the catalyst for stocks faltering
by Harvey Organ
Harvey Organ’s Blog
At the gold comex today we had a GOOD delivery day, registering 26 notices for 2600 ounces for gold,and for silver we had 174 notices for 870,000 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 228.04 tonnes for a loss of 75 tonnes over that period
In silver, the open interest fell by 1911 contracts down to 199,259 despite the fact that the price was silver was down only by 13 cents with respect to yesterday’s trading. In ounces, the OI is still represented by just under 1 BILLLION oz i.e. .996 BILLION TO BE EXACT or 142% of annual global silver production (exRussia &ex China) We are now within spitting distance of all time highs for OI with respect to silver
In silver we had 174 notices served upon for 870,000 oz.