Gold And Silver Whacked Again Due To Silver’s Elevated Comex Oi/china Suffers’ First Trade Deficit In 3 Years
CRUDE OIL CLOBBERED TODAY AS WELL AS THE DOW/SPROTT MAKES TAKEOVER BID FOR CENTRAL FUND OF CANADA/USA PRODUCTIVITY IN 4TH Q FALTERS AGAIN/USA WHOLESALE INVENTORIES PLUMMET BY .2%
from Harvey Organ:
WHOLESALE REVENUES ALSO PLUMMET WHICH WILL BE A NEGATIVE TO FIRST QUARTER GDP
In silver, the total open interest FELL by ONLY 1449 contract DOWN to 192,398 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.961 BILLION TO BE EXACT or 137% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 131 NOTICE(S) FOR 565,000 OZ OF SILVER
In gold, the total comex gold FELL BY A CONSIDERABLE 5587 contracts WITH ANOTHER FALL IN THE PRICE GOLD ($9.00 with YESTERDAY’S trading ).The total gold OI stands at 434.401 contracts.
