Silver Refuses To Buckle/silver Open Interest On The Comex Climbs Above 201,000 Contracts
YESTERDAY’S CONFIRMED SILVER VOLUME: 83,588 CONTRACTS OR 417 MILLION OZ/GLD LOSES 1.78 TONNES BUT THE SLV GAINS 1.136 MILLION OZ/NORTH KOREA READY FOR ANOTHER NUCLEAR TEST
from Harvey Organ:
UK SIGNS ARTICLE 50 AND THUS BREXIT OFFICIALLY BEGINS/THREE CITIES: LA, CHICAGO AND NY TO FIGHT IN COURT THE SANCTUARY DEFUNDING
In silver, the total open interest ROSE BY A HEALTHY 3,748 contracts UP to 201,829 with the RISE IN PRICE ( 14 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 OVER 1 BILLION oz i.e. 1.009 BILLION TO BE EXACT or 144% 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 FELL BY A HUGE 22,987 contracts DESPITE THE SLIGHT FALL IN THE PRICE OF GOLD ($0.10 with YESTERDAY’S TRADING).We thus continue with the strange events that every time we enter an active month, the open interest obliterates, rather than rolling to the next active month. The total gold OI stands at 449,418 contracts.
