Open interest rises an astonishing 17,000 contracts and 65,000 contracts in 4 days/China again reissues warning to the USA not to raise interest rates or else they will hugely devalue/ that sends bourses southbound around the globe/Huge rise inthe price of pork in China may set off citizen anger and may lead to huge protests/UK bubble bursts as condominium builders offering a 20% discount/Aeropostale goes belly up
by Harvey Organ
Harvey Organ’s Blog
[…] At the gold comex today we had a POOR delivery day, registering 0 notices for NIL ounces for gold,and for silver we had 143 notices for 715,000 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 1022 contracts down to 198,237 as the price was silver was down by 19 cents with respect to yesterday’s trading. In ounces, the OI is still represented by just under 1 BILLLION oz i.e. .991 BILLION TO BE EXACT or 141% 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 143 notices served upon for 715,000 oz.