Jobs Report In The Usa Showed A Bigger Increase Than Expected But Earnings Was Down And That Propelled Gold And Silver From Its Nadir
GOLD CLOSED DOWN $1.70 AND SILVER DOWN: 11 CENTS/THE OPEN INTEREST ON SILVER CONTINUES TO REMAIN STOIC AND WE WITNESS THAT IN THE COT REPORT/DAVID STOCKMAN TELLS US WHAT IS GOING TO HAPPEN ON THE 15TH OF MARCH AND BEYOND
from Harvey Organ:
In silver, the total open interest FELL by ONLY 1874 contracts DOWN to 189,548 with respect to YESTERDAY’S TRADING. In ounces, the OI is still represented by just less THAN 1 BILLION oz i.e. 0.948 BILLION TO BE EXACT or 135% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 135 NOTICE(S) FOR 675,000 OZ OF SILVER
In gold, the total comex gold FELL BY A TINY 1790 contracts WITH ANOTHER FALL IN THE PRICE GOLD ($6.10 with YESTERDAY’S TRADING) The total gold OI stands at 432,298 contracts.
