Raid On Gold And Silver In The Access Market After Options Expiry On The Comex
TURKEY’S TOP BANKERS ARRESTED IN THE USA FOR CONSPIRING TO EVADE IRANIAN SANCTIONS
from Harvey Organ:
In silver, the total open interest ROSE BY A HEALTHY 5422 contracts UP to 198,081 with the STRONG RISE IN PRICE ( 36 CENTS) WITH RESPECT TO YESTERDAY’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. 0.990 BILLION TO BE EXACT or 141% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT MARCH MONTH: THEY FILED: 30 NOTICE(S) FOR 150,000 OZ OF SILVER
In gold, the total comex gold also ROSE BY STRONG 9,380 contracts WITH THE RISE IN THE PRICE OF GOLD ($7.20 with YESTERDAY’S TRADING). The total gold OI stands at 472,405 contracts. AGAIN, SPECS ARE PILING INTO GOLD CONTRACTS AND THE BANKERS ARE USING PAPER SHORTS TO THWART ITS RISE IN PRICE
