Gold Breaks Away From Resistance At $1250 To Close At $1255.40/ Silver The Star Of The Show Advances 36 Cents To $18.08
GREECE CLAIMS THAT IT CAN NO LONGER RECEIVE ANY MIGRANTS BACK FROM TURKEY OR THE EU/MORE FALLOUT FROM THE HEALTHCARE DEBACLE AND THE ONGOING SAGA OF THE BUGGING OF TRUMPS’S TRANSITION TEAM
from Harvey Organ:
In silver, the total open interest ROSE BY only 682 contracts UP to 192,659 with the STRONG RISE IN PRICE ( 16 CENTS) WITH RESPECT TO FRIDAY’S TRADING. THE HEDGE FUNDS (MANAGED MONEY) CONTINUES TO SLOWLY ADD TO THEIR POSITIONS WITH THE BANKERS TRYING TO COVER THEIR EVER BURGEONING SHORTS (OVER 555 MILLION OZ). In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.964 BILLION TO BE EXACT or 138% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 149 NOTICE(S) FOR 745,000 OZ OF SILVER
In gold, the total comex gold also ROSE BY STRONG 3,936 contracts WITH THE RISE IN THE PRICE OF GOLD ($1.30 with FRIDAY’S TRADING). The total gold OI stands at 463,025 contracts. AGAIN, SPECS ARE PILING INTO GOLD CONTRACTS AND THE BANKERS ARE USING PAPER SHORTS TO THWART ITS RISE IN PRICE
